Tahoe Plaza Professional Office Building
For Sale | Office | 7,168 SF
Marketing description
NAI Tahoe Sierra is pleased to offer the fee simple interest in multi-tenant office building in South Lake Tahoe CA. The Property represents a unique value-add investment or owner-user opportunity. The subject property is centrally located in town and lies at the gateway to Tahoe Keys Marina.
The subject consists of an office building with 7,168± square feet and a leasable area of 6,021± square feet. The building is of wood frame construction with wood vertical shiplap style exterior and a composition and tile roof. Each floor has men and women’s restrooms. Roof and parking lot have recently been redone and property is in good condition for the Tahoe market.
Investment highlights
Multi-tenant office building comprised of 11 unique suites
Centrally located in South Lake Tahoe in close proximity to restaurants, shops, and endless recreation
The Property represents a unique value-add investment or owner-user opportunity
Pro forma net operating income equates to a 7.53% capitalization rate
Value add opportunity through gross up lease and/or bringing property up to 100% occupancy
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