Property summary
This exceptional investment opportunity presents two single-story, Class B office buildings totaling 8,568 net rentable square feet, situated in Elko, Nevada's prime commercial zone at 2215 5th St, zip code 89801. Currently boasting 100% occupancy with three long-term franchisee tenants under a triple-net (NNN) lease structure, this stabilized investment offers a compelling 8% capitalization rate. The asking price is $2,300,000, translating to $268.44 per square foot. The property is zoned for commercial use and features a hands-free management structure, ideal for passive income seekers. This multi-tenant property provides significant cash flow potential with its established tenant base. The buildings are situated on a highly desirable location, ensuring continued strong performance. This is a rare opportunity to acquire a well-maintained, high-performing office portfolio in a thriving Nevada market. The property's strong tenant base and favorable lease terms contribute to its exceptional investment characteristics. This is a turnkey investment ready to generate immediate returns. The property's location in Elko, NV, offers excellent access to local amenities and a strong workforce. The buildings are well-maintained and present a professional image.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Park Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
ZLI · Elko, NVZoning
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Zoning designation
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The district profile from the municipal source: what is on file for ZLI in Elko, NV.
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