1000 C St - Office/Residential FOR SALE


Hawthorne, NV 89415
$524,900 USD
775-250-5001
1000 C St, Hawthorne, NV for Sale
$524,900 USD
Office/Residential - FOR SALE
1/36
null | 11.83% Cap Rate

1000 C St
Hawthorne, NV 89415


OVERVIEW

STATE OF NEVADA LEASES!! This mixed use asset includes 2 buildings, the first is ±6,552 square feet and built in 1973 and the 2nd is ±3,024 square feet, built in 1976. All told, there are 3 office spaces, 2 recently remodeled apartments and a storage space. historical occupancy has been strong in this location, and the newly remodeled 1-bedroom apartment can be seen in the pictures, taken just prior to re-leasing. Lease renewal is now complete with the State of Nevada, which has been an anchor tenant for 20+ years in this property. The Welfare office is now renewed, which is reflected in the financial analysis herein. The Rural Clinics lease was renewed last year for an initial 5 year term. On average, rents are very strong and the buildings have now achieved 100% occupancy, with rent increases included. Our sales price makes this a 11.83% Cap Rate, making this an easy to manage and attractive investment opportunity

FOR SALE DETAILS

PRICE

$524,900 USD

PRICE/SF

$55 USD /SF

CAP RATE

11.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11.83 CAP STATE OF NV OFFICE TENANT + MULTI!!

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C1

APN/PARCEL ID

001-011-24

ASK ABOUT THIS PROPERTY

Brian EganNAI Alliance Commercial Real Estate Services, LLCMore Info
775-250-5001

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Brian EganNAI Alliance Commercial Real Estate Services, LLCMore Info
775-250-5001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.