931-939 Mica Drive, Carson City, NV 89705
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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
Address:931-939 Mica Drive
City:Carson City
State:NV
Zip:89705
DOM:309
Type:Business
Additional Info
Area Information
Area:Carson City
Directions:Hwy 395 South to Mica Drive
Exterior Details
Miscellaneous
APN:1420-07-619-001
Property Location
RE/MAX Gold-Carson City
Garrett Lepire Lepire
[email protected]
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