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22020977
22020978

931 Mica Dr, Carson City, NV 89705

GL
NV NV BS.0145813.MGR
RE/MAX Realty Affiliates
Listed by RE/MAX Realty Affiliates
$6,925,000
468 days on market
Updated 30 days ago

Indian Hills Plaza Shopping Center

Details
APN 1420-07-619-001, 1420-07-619-002, 1420-07-619-003, 1420-07-619-004, 1420-07-619-005
Property Type Retail
Sub Type Shopping Center
Square Footage 27,845
Net Rentable (SqFt) 27,845
Units 17
Cap Rate 5.78%
NOI $400,124
Occupancy 55%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Broker Co-Op Yes
Year Built 2006
Buildings 4
Acreage 3.096
Zoning NC
Investment Type Stabilized

Prime investment opportunity at 931-939 Mica Drive in Carson City, NV

Marketing description

This well-established commercial complex consists of four buildings with a total leasable square footage of 27,845 and nine units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $400,164, with total revenues of $532,164 and expenses of $132,000. 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. Ask for the current rent roll and pro-forma. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity

Listing Contacts

GL
NV NV BS.0145813.MGR
RE/MAX Realty Affiliates
Listed by RE/MAX Realty Affiliates

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$400,124.00
$33,343.67/mo

Valuation Metrics

0
DSCR
5.78%
Cap Rate
5.78%
ROI

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Additional Information

Name
Garrett Lepire
License
NV BS.0145813.MGR
Brokerage
RE/MAX Gold
Title
Broker-Salesperson
Brokerage Address
716 North Carson Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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