350-300 Falcon Ridge, Mesquite, NV 89027
sale
$1,590,000
|
Other
Courtesy Of Prime Properties Mesquite
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
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Property Features
- Age: 11-20 Years Old
- Amenities: Disabled Access
- Architecture Style: Other
- Cooling System: Heat Pump
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Stone
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- MLSID: 1126523
- Roof Type: Tile
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