Free Standing Office Building
5348 Vegas Dr.
Las Vegas, NV 89108
| For Sale | $964,000 |
| Status | DELETED |
Property Overview
| Land SF/$ Per | -/- |
| Acres/$ Per | -/- |
| Property Use | Investment |
| Zoning | P-R |
| Parcel Number | 138-24-801-022 |
| T, R, S | -, -, - |
| Land Size | - |
| Bld SF/$ Per | 3,216 / $299.75 |
| # of Buildings | 1 |
| # of Units | - |
| # of Stories | 1 |
| Cap Rate | - |
| Multiplier | - |
| Vacancy | - |
Property Description
Highly visible Vegas Drive frontage with mature landscaping and lots of shade. Permit to build additional parking spaces in the back. Also potential to buy lot behind and build more... Additional 3 lots can be purchased. (13824801020, 13824801021, 13824801033)
Do not disturb tenant. Write offer/LOI subject to inspection. Tenant pays $1.7 per sq. foot/month. All maintainance and repaires are done by tenant. Highly visible Vegas Drive frontage with mature landscaping and lots of shade. Permit to build additional parking spaces in the back. Also potential to buy lot behind and build more...
Do not disturb tenant. Write offer/LOI subject to inspection. Tenant pays $1.7 per sq. foot/month. All maintainance and repaires are done by tenant. The new 5 years lease will be signed with the sale.
Tenant runs two businesses: incorporation services (www.incparadise.com - one of the biggest incorporation services in Nevada and MillionSaverHomes.com - real estate brokerage).
Tenant and owner is Nevada real estate broker.
Area Description
Only 3 minutes from I-95. Close to local shopping, restaurants and services.
Property Features
- 13 parking spaces
- Permit to build additional parking in back
- Approx 10. additional parking spaces in back
- 0.4 acres! Frontage + sign
- Can be purchased with parcel behind + 0.27 acres
- Tenant pays all repairs and maintenance
- Tenant will sign new 5 year lease
- New roof, cat 5 wiring, phone system included
- Electronic doors and cameras
- Headache free investment
Financial Overview
| List Price | $964,000 |
| Down Payment | - |
| Cap Rate | - |
| Cash on Cash | 6.00% |
| Multiplier | - |
| Financial Terms | - |
| Consider Exchange | Yes |
Cash Flow
| CF Type | Actual |
| Year | 65606 |
| Scheduled Gross | $65,606.00 |
| Reimbursement | - |
| Vacancy | - |
| Effective Gross | $65,606.00 |
| Operating Expenses | - |
| Operating Income | $65,606.00 |
| Debt Service | - |
| Capital Costs | - |
| Cash Flow (pre-tax) | $65,606.00 |
Debt Information
| Debt Type | Actual |
| Debt Service | - |
| Principal | - |
| Interest Rate | - |
| Amortization | - |
| Due | - |
| Loan Description | - |
General Property Information
| Property Use | Investment |
| Land SF | - |
| Land Acres | - |
| Building SF | 3,216 |
| Bld SF/$ Per | 3,216 / $299.75 |
| # of Buildings | 1 |
| # of Units | - |
| # of Stories | 1 |
| Free Standing | N/A |
| Year Built | - |
| Built Yet | Yes |
| Building Class | - |
| Zoning | P-R |
| Parcel Number | 138-24-801-022 |
| Lighting Description | - |
| Parking Description | 13 parking spaces |
| Broadband | - |
| Gas | - |
| Water | - |
| Electric | - |
Tenant Information
| 1. EastBiz.com, Inc. | 3,216 sf | Exp: 2011 |