589-595 Tahoe Keys Blvd - Office/Residential FOR SALE


South Lake Tahoe, CA 96150
$7,495,000 USD
408-879-4000
589-595 Tahoe Keys Blvd, South Lake Tahoe, CA for Sale
$7,495,000 USD
Office/Residential - FOR SALE
1/13
null | Request Cap Rate

589-595 Tahoe Keys Blvd
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • New Drainage, Hardscape, and Landscaping
  • 14 Boat Slips in Adjacent Marina
  • Large and Level 5.97+- Acre Site
  • All Leases on a NNN Service Basis
  • Potential for Redevelopment in the Future
  • Best Price per Square Foot of any Multi-Tenant Retail/Office complex in Nor Cal

OVERVIEW

Attractively Priced and First Time Available for Sale in Over 40 Years! Rare opportunity to purchase a mixed-use office/retail complex within the Tahoe Keys community of South Lake Tahoe. Tahoe Keys Village was originally built as a retail and office development spread between six buildings situated on almost six acres of land. The location is irreplaceable in today's market at the water's edge with beautiful views of the adjacent marina and Lake Tahoe and mountains to the northwest. Over the past couple of years numerous improvements have been made to the property including improved drainage, new hardscape, landscaping, parking lot resurfacing, and new exterior paint on all of the buildings. Many of the tenants have been long term and most all of the leases have been converted to a triple-net service basis which is a hedge against inflation. There are also 14 deeded boat slips in the adjacent marina that provide a seasonal income to the cash flow. Contact Agent for Financial Information.

FOR SALE DETAILS

PRICE

$7,495,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tahoe Keys Village

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

162

LAND DETAILS

LAND ACRES

5.97 AC

LAND SF

260,053 SF

ZONING

TRPA

APN/PARCEL ID

022-210-030-000

ASK ABOUT THIS PROPERTY

Doug FerrariPrime Commercial, Inc.More Info
408-879-4000

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Doug FerrariPrime Commercial, Inc.More Info
408-879-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.