Price Reduced Listing
931-939 Mica Drive,Carson City, NV 89705
Carson City, NV 89705
Description
This well-established commercial complex consists of four buildings with a total leasable square footage of 27,845 and 17 total units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $371,364, with total revenues of $461,364 and expenses of $90,000. With approximately 10,000 square feet of roughed-out space available for lease at a competitive rate of $1.50 per square foot ($1.10 for rent and $0.40 for CAMs), there is substantial income potential., If fully leased, the cap rate could reach nine percent. Given that replacement costs exceed $12 million, this is a rare opportunity to acquire a high-performing asset well below today’s construction costs. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity
Details
| MLS # | 250002225 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 114 |
| Listing Provided By | RE/MAX Gold-Carson City | Garrett Lepire |
Features
| SQ Feet | 28,000 |
|---|---|
| Story(s) | 1 |
| Units | 17 |
| Building(s) | 4 |
| Zoning | NC |
| Acreage | 3.09 |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air, Refrigerated |
| Cooling Yes / No | Yes |
| Window Features | Display Window(s), Double Pane Windows, Metal Frames |
Exterior
| Roof | Flat, Membrane |
|---|---|
| Security Features | Fire Sprinkler System, Security Lights |
| Lot Features | Landscaped |
| Construction Materials | Brick, Masonite |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Slab |
| Fencing | Fenced, Masonry |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
| Electric | 110 Volts, 220 Volts, 200+ Amp Service |
Taxes
| Property | 11922 |
|---|
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NV |
|---|---|
| County | Douglas |
| City | Carson City |
| Zip Code | 89705 |
| Area | Douglas |
| Community Name | Indian Hills Plaza |
| Listing VS Median (in Indian Hills Plaza) | |
Price: $6,925,000 low | high Med: $6,925,000 SqFt: 28,000 low | high Med: 28,000 $ / SqFt: $247 low | high Med: $247 On site: 114 low | high Med: 114.000000 | |
