400 Howerton Hl Tonopah, NV 89049
Nevada Office Building - Net Lease
Property size:
3,447 SFProperty Features for 400 Howerton Hl
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 3,447 SF
- Class
- A
- Lot Size
- 56,628 SF
Building Details
- Year Built
- 1994
- Buildings
- 1
- Stories
- 1
- Units
- 3
Listing Agency: Trish Rippie Realty Listing Agent: Dennis Bradley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A, 3,447 sq ft office building in Tonopah, Nevada, presents a compelling investment opportunity. Built in 1994, the single-story structure sits on a 1.3-acre lot and features 10 parking spaces. Currently, a portion of the building is occupied by a government tenant under a net lease agreement (NN+), with a lease term expiring September 30, 2024. The property is divided into three units, with one unit (1359 sq ft) leased to the Nevada Division of Wildlife, while two additional units (1350 sq ft and 646 sq ft) are available for lease. The asking price is $499,000, representing a price per square foot of $144.76 and a price per unit of $166,333.33. The property's Net Operating Income (NOI) is $1,651, resulting in a 0.33% cap rate. The property's address is 400 Howerton Hill, Tonopah, NV 89049. The building's current occupancy is 50%, with the lease commencing October 1, 2019. This property offers a unique opportunity to acquire a well-constructed building in a desirable location with potential for increased rental income. The property features air rights of 3,447 sq ft. No rent bumps are included in the lease agreement. The property is owned by an LLC and the APN is 008-291-18.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Tonopah
- County
- Nye
- State
- Nevada
- Longitude
- -117.217683
- Latitude
- 38.0612391
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FAQs
What type of property is this?
Office Property / Space - Nevada Office Building - Net Lease
Where is this office property / space located?
The property is located at 400 Howerton Hl Tonopah, NV.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: $499,000 asking price for a Class A, 3,447 square foot office building in Tonopah, Nevada.; Net lease investment opportunity with a credit-rated government tenant.; 5-year lease expiring September 30, 2024 (currently 0 years remaining).