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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

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Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,549 SF
Building Class
B
Year Built
2006
Price
$2,159,220 CAD
Price Per SF
$226.12 CAD
Cap Rate
2.16%
NOI
$46,639 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)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
001-18-114-014
Land Assessment
$74,136 CAD
Improvements Assessment
$408,073 CAD
Total Assessment
$482,209 CAD
  • Listing ID: 36380046

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 350 Falcon Ridge Pky, Mesquite, NV 89027

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