333 Village Blvd - Medical FOR SALE


Incline Village, NV 89451- Wood Creek
$5,265,000 USD
775-348-5234
333 Village Blvd, Incline Village, NV for Sale
$5,265,000 USD
Medical - FOR SALE
1/11
null | 5.2% Cap Rate

333 Village Blvd
Incline Village, NV 89451
Wood Creek


HIGHLIGHTS

  • Modern 2008 Construction With Elevator and Fully Sprinklered
  • Ample Parking – 37 On-Site Spaces
  • 100% Leased to High Quality Tenants
  • Affluent Local Demographics --$179,949 Average Household Income in a 3 Mile Radius

OVERVIEW

The Subject Property, 333 Village Boulevard, is a 9,168 square-foot commercial building situated on 0.73 acre(s) of land in Incline Village, Nevada. The property is 100% occupied by six tenants, with over 50% of square footage occupied by Tahoe Forest Hospital District. This site is in an exceptional location, near the intersection of Tahoe Boulevard and Village Boulevard. The existing building was constructed in 2008, and operates as a mix of medical and professional office, both with high-end finishes. The site includes both ground-level covered and uncovered parking, totaling 37 on-site spaces. This property enjoys nearly all modern upgrades and conveniences, including an elevator and the building is fully sprinklered. The current tenants are comprised of Tahoe Forest Hospital District (Aa3 credit rating – Moody’s), Menath Insurance (an Alera Group Agency), Summit Pilates, and a mix of three smaller professional office tenants. These tenants create a synergistic mix of primarily “credit tenants”, and have a history of renewing their leases. Due to the difficulty associated with constructing new commercial properties around Lake Tahoe, properties that come to market are rarely high quality. Priced at $5,265,000, this offering provides the opportunity to purchase arguably the nicest professional office building in the area.

FOR SALE DETAILS

PRICE

$5,265,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

TA-IVC

APN/PARCEL ID

132-020-12

ASK ABOUT THIS PROPERTY

Bret NicholsonMarcus & MillichapMore Info
775-348-5234

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Bret NicholsonMarcus & MillichapMore Info
775-348-5234

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