931-939 Mica Dr - Retail FOR SALE


Carson City, NV 89705
$7,125,000 USD
775-720-4712
931-939 Mica Dr, Carson City, NV for Sale
$7,125,000 USD
Retail - FOR SALE
1/14
null | 5.21% Cap Rate

931-939 Mica Dr
Carson City, NV 89705


HIGHLIGHTS

  • Heavy traffic counts
  • Lots of foot traffic during business hours
  • Located in a great spot with easy access and lots of residents nearby

OVERVIEW

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

FOR SALE DETAILS

PRICE

$7,125,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

5.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Hills Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

134,855 SF

ZONING

NC

APN/PARCEL ID

1420-07-619-001,1420-07-619-002,1420-07-619-003,1420-07-619-004,1420-07-619-005

ASK ABOUT THIS PROPERTY

Garrett LepireRe/Max GoldMore Info
775-720-4712

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Garrett LepireRe/Max GoldMore Info
775-720-4712

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