NV > Carson City > Indian Hills Plaza
Carson City, NV 89705,931-939 Mica DR Drive
Carson City, NV 89705,931-939 Mica DR Drive
Carson City, NV 89705,931-939 Mica DR Drive
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$6,925,000
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28,000 SqFt
Price Dropped by $200K

931-939 Mica DR Drive Carson City, NV 89705

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Kyle Krch

Kyle Krch

+1(775) 276-5858

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 28,000 sqft

Price per Sqft $247

Subdivision Indian Hills Plaza

MLS Listing ID 250002225

Year Built 2006

Annual Tax Amount $11,922

Lot Size 3.090 Acres

Acres 3.09

Lot Dimensions 3.09

Property Sub-Type Business

Property Description

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

Location

State NV

County Douglas

Community Indian Hills Plaza

Area Indian Hills Plaza

Zoning NC

Direction Hwy 395 South to Mica Drive

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Refrigerated

Flooring Vinyl

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N No

Roof Type Flat,Membrane

Building

Lot Description Landscaped

Story 1

Foundation Slab

Water Public

Structure Type Brick,Masonite

Others

Tax ID 1420-07-619-001

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by RE/MAX Gold-Carson City

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agent

Kyle Krch

Broker Associate | License ID: 56206

+1(775) 276-5858

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931-939 Mica DR Drive