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Mixed-Use Investment Anchored by State

1000 C St, Hawthorne, NV 89415

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For Sale

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Fully leased mixed-use property with long-term leases from the State.

Type:Multifamily, Office

Property size:

9,576 SF

Price / SF:

$71/SF

HighLights

Fully leased mixed‑use property anchored by the State of Nevada with 20+ years of tenancy.
Strong 7.6% cap rate and consistent cash flow.
Long‑term, recently renewed leases with the State of Nevada, ensuring 100% occupancy.
Diverse income streams from office, residential (remodeled apartments), and storage spaces.
Well‑maintained property with modern upgrades.
Two buildings totaling ±9,576 sq. ft. (Building 1: ±6,552 sq. ft., Building 2: ±3,024 sq. ft.).

We can help!

Listing Contact

Brian Egan

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For Sale

Contact for pricing

Fully leased mixed-use property with long-term leases from the State.

Type:Multifamily, Office

Property size:

9,576 SF

Price / SF:

$71/SF

Added:: Nov 12, 2024
Days on Market:: 579
Last Refresh:: May 13 at 8:20 pm

Property Features for 1000 C St

General Information

Standard status: Active
Size: 9,576 SF
Property subtype: Multifamily, Office

Building Details

Year Built: 1973

We can help!

Listing Contact

Brian Egan

Listing agent Brian Egan License #BS.1000906

Listing office NAI Alliance - Reno

Listing date Nov 12, 2024

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of NAI Alliance - Reno

HighLights

Fully leased mixed‑use property anchored by the State of Nevada with 20+ years of tenancy.
Strong 7.6% cap rate and consistent cash flow.
Long‑term, recently renewed leases with the State of Nevada, ensuring 100% occupancy.
Diverse income streams from office, residential (remodeled apartments), and storage spaces.
Well‑maintained property with modern upgrades.
Two buildings totaling ±9,576 sq. ft. (Building 1: ±6,552 sq. ft., Building 2: ±3,024 sq. ft.).

Overview

This mixed-use property features two buildings fully leased to the State of Nevada. Building 1, constructed in 1973, has a size of approximately 6,552 square feet, while Building 2, constructed in 1976, measures approximately 3,024 square feet. The property is configured with three office spaces, two recently remodeled apartments (one 1-bedroom/2-bath and one 3-bedroom/1-bath), and one storage space. The long-term leases with the State of Nevada have been recently renewed, ensuring 100% occupancy for over two decades. The property has a Net Operating Income (NOI) of $52,071 and a cap rate of 7.6%. The property is well-maintained with modern upgrades, including a newly remodeled 1-bedroom apartment. The diverse income streams from office, residential, and storage spaces contribute to the property's resilience and versatility. The property is located in a high-demand area with strong historical occupancy.

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Hawthorne
County: Mineral
State: Nevada
Longitude: -118.657
Latitude: 38.6331

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What type of property is this?

Mixed-use property - Fully leased mixed-use property with long-term leases from the State.

Where is this mixed-use property located?

The property is located at 1000 C St Hawthorne, NV.

What is the asking price?

The asking price for this property is $688,000.

What are key features of this property?

This property features: Fully leased mixed‑use property anchored by the State of Nevada with 20+ years of tenancy.; **Strong 7.6% cap rate and consistent cash flow.**; Long‑term, recently renewed leases with the State of Nevada, ensuring 100% occupancy.