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Bldg 300 350 Falcon Ridge Pky 9,549 SF 100% Leased Office Building Mesquite, NV 89027 $2,218,368 CAD ($232.31 CAD/SF) 2.16% Cap Rate



EXECUTIVE SUMMARY
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
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,549 SF
Building Class
B
Year Built
2006
Price
$2,218,368 CAD
Price Per SF
$232.31 CAD
Cap Rate
2.16%
NOI
$47,917 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,549 SF
Building FAR
0.28
Lot Size
0.79 AC
Zoning
PUD
Parking
28 Spaces (2.93 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 001-18-114-014 | Improvements Assessment | $396,008 CAD |
| Land Assessment | $68,784 CAD | Total Assessment | $464,793 CAD |
PROPERTY TAXES
Parcel Number
001-18-114-014
Land Assessment
$68,784 CAD
Improvements Assessment
$396,008 CAD
Total Assessment
$464,793 CAD
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Bldg 300 | 350 Falcon Ridge Pky
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