350 Falcon Ridge, Mesquite, Nevada, United States, 89027

1,590,000
for Sale

About the property:

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 10/30/26. 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
Property Type:
Commercial Building
Status:
for Sale
House Style:
1 story above ground
Acres:
0.79
Square Feet:
7838
Area:
North of I15
Subdivision:
Falcon Mesa
Heating Type:
0
Miscellaneous:
Wheelchair Accessible
Is Business:
Yes
Is Building:
Yes
Is Church:
Yes
Is Market:
Yes
Is Medical:
Yes
Is Office:
Yes
Is Other:
Yes
Is Service:
Yes
Is Unit:
Yes
Annual Property Taxes:
8,140
Listing ID:
1126523

Rooms

Dimensions

Brokered by:
Prime Properties Mesquite
Presented By:

Earl Caldwell

Principal Broker

Prime Properties Mesquite