Richard A Herz Complex - 1340 S Curry Street
Office | 6.50% CAP | 44,800 SqFt
Marketing description
44,800 SF single-story office building in downtown Carson City, Nevada.Occupied by the State of Nevada and other professional tenants. Offering a 6.5 CAP rate based on actual income and expenses with current occupancy of approximately 33,100 SF. Three common-area restroom clusters and full-service gross leases with load factors in place. Approximately 11,700 SF is vacant for owner/user occupancy or lease-up. Zoned Retail Commercial and master planned for Downtown Mixed Use. Situated on 3.15 acres with +-200 parking spaces and potential for expansion. Nevada's Great Tax benefits: No personal or corporate income tax. No franchise or inventory tax. No tax on corporate shares, No requirements for shareholders or directors. No tax on sales or transfers of shares. No succession on Inheritance shares with IRS. Simple annual returns. No initial or minimum capital gains requirements. 365-Year limit Dynasty Trust Law.Minutes to Hwy 50, Hwy 28, Hwy 395, I-580. RNO & Minden
Investment highlights
Offered at a 6.5% CAP rate based on actual income and expenses, this asset provides both stability and upside. With approximately 11,700 SF of vacant space, buyers have a prime opportunity to capture additional income through lease-up or occupy the space themselves—unlocking value beyond the in-place returns.
- 44,800 SF single-story office building in downtown Carson City, Nevada
- Current occupancy: ~33,100 SF (State of Nevada + professional tenants)
- CAP rate: 6.5% based on actual income and expenses
- Vacancy: ~11,700 SF available for owner/user or lease-up
- Configuration: Three common-area restroom clusters
- Lease structure: Full-service gross leases with load factors
- Zoning: Retail Commercial; Master planned Downtown Mixed Use
- Lot size: 3.15 acres
- Parking: Ample onsite parking as well as street parking available
- Potential for expansion
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