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34206793
34206624

415 US Highway 95A S, Fernley, NV 89408 For Sale

RR
NV BS.146909.MGR
KW Commercial - Group 1, Inc.
RB
NV S.204800
Listed by KW Commercial - Group 1, Inc.
$875,000
14 days on market
Updated 3 days ago

Fernley, NV Medical Office Investment

Details
APN 021-132-39
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 2,400
Units 1
Cap Rate 4.86%
NOI $42,500
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 05/31/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options Two (2) Successive Five-Year Terms
Price per SqFt $365
Broker Co-Op True
Class A
Year Built 1999
Year Renovated 2014
Buildings 1
Stories 1
Acreage 0.055
Zoning C-2
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee (+1)
Lease Commencement 06/01/2025
Sale Condition N/A

Office | 4.86% CAP | 2,400 SqFt

Marketing description

KW Commercial Group One is pleased to present the exclusive opportunity to acquire 415 Hwy 95A, S., Bldg A, a professionally maintained medical office investment located within the Sierra Meadows Business Plaza in Fernley, Nevada. The ±2,400-square-foot medical office is leased to Pritchett Eye Care Associates under a Modified Gross (MG) lease with a corporate guarantee by Keplr Vision, LLC, providing dependable income supported by an established healthcare organization.

Constructed in 1999 and extensively improved with a professional medical build-out in 2014, the property has been meticulously maintained and presents in excellent condition. The owner maintains the roof and HVAC systems through a regular preventative maintenance program, while Community in Common (CIC) services preserve the attractive common areas and landscaping.

Positioned within one of Northern Nevada's fastest-growing communities, this offering combines stable cash flow, quality tenancy, and long-term market fundamentals, making it an attractive opportunity for private investors and 1031 exchange buyers.

Investment highlights

  • Corporate Guarantee
  • Established Medical Tenant
  • Actual Operating History
  • Stable Cash Flow
  • Medical Office Asset
  • Excellent Condition
  • Medical Improvements Completed in 2014
  • Owner Maintained Roof & HVAC
  • Two Five-Year Renewal Options
  • Community in Common Maintenance
  • Attractive Price Point
  • Northern Nevada Growth Market

Listing Contacts

RR
NV BS.146909.MGR
KW Commercial - Group 1, Inc.
RB
NV S.204800
Listed by KW Commercial - Group 1, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,500.00
$3,541.67/mo

Valuation Metrics

0
DSCR
4.86%
Cap Rate
4.86%
ROI

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Additional Information

Name
Ricci Rodriguez-Elkins
License
BS.146909.MGR
Brokerage
Keller Williams Group One, Inc
Title
Broker Salesperson-Manager
Name
Rebecca Bush
License
S.204800
Brokerage
Keller Williams Group One, Inc
Brokerage Phone
775-240-5143
Title
Broker-Manager
Brokerage Address
115 Disc Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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