1000 C St Hawthorne, NV 89415
Fully leased mixed-use property with long-term leases from the State.
Type:Multifamily, Office
Property size:
9,576 SFPrice / SF:
$71/SF- Added:
- Nov 12, 2024
- Days on Market:
- 533
- Last Refresh:
- Mar 17 at 1:14 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
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
Overview
Mixed-Use Investment Anchored by State
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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FAQs
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.
