350 Falcon Ridge Pky - Office FOR SALE


Mesquite, NV 89027
$1,590,000 USD
702-701-3326
350 Falcon Ridge Pky, Mesquite, NV for Sale
$1,590,000 USD
Office - FOR SALE
1/23
null | 2.16% Cap Rate

350 Falcon Ridge Pky
Mesquite, NV 89027


OVERVIEW

Nice 4 unit commercial building fully rented. Very stable rentals. One is to Highway Patrol at market rates. Other 3 are at below market rates. Two of the four are on year leases that come up for renewal in mid 10/25 & 2/26. Could be a great opportunity for an owner/user who wants up to approximately 4100 sf combined with income on balance of the property, or opportunity to rent fresh to new tenants at market rates or re-negotiate rates closer to market with existing tenants. Established business center popular with medical and other professional. Current tenants are Highway Patrol, two churches, and a real estate office. Suite 301 is approximately 2800 sf and is leased to a church, through 2/28/26. Suite 302 is approximately 2400 sf, and is leased to a church and is leased through 5/30/31. Suite 303 is approx 1319 sf and is leased to NHP through 8/31/27. Suite 304 is approximately 1319 sf and is leased to a real estate office through 5/30/31. Total income currently is approx. $4,443/mo. Total expenses currently, excluding debt service are estimated at $1587/mo. If Suites 301 & 304 were to be rented at closer to market rent, total income would be closer to $6,000/mo

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

2.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg 300

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

PUD

APN/PARCEL ID

001-18-114-014

ASK ABOUT THIS PROPERTY

Shaun CaldwellPrime Properties MesquiteMore Info
702-701-3326

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Shaun CaldwellPrime Properties MesquiteMore Info
702-701-3326

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