1000 C St
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1000 C St
9,576 SF 100% Leased Office Building Hawthorne, NV 89415 $1,262,807 CAD ($132 CAD/SF) 8% Cap Rate
Investment Highlights
- 2 buildings, the first is ±6,552 square feet and built in 1973 and the 2nd is ±3,024 square feet, built in 1976
- 8% Cap Rate
- 3 Office Spaces, 2 Apartments (1 Bed, 2 Bath | 3 Bed 1 Bath), 1 Storage Space
- NOI: $71,920.00
Executive Summary
This mixed use asset includes 2 buildings, the first is ±6,552 square feet and built in 1973 and the 2nd is ±3,024 square feet, built in 1976. All told, there are (3) office spaces, 2 recently remodeled apartments and a storage space. historical occupancy
has been strong in this location, and the newly remodeled 1-bedroom apartment can be seen in the pictures, taken just prior to re-leasing.
Lease renewal discussions are in place with the State of Nevada, which has been an anchor tenant for 20+ years in this property. The Welfare office is in final discussions about their expansion, which is reflected in the financial analysis herein. The Rural Clinics lease was renewed last year for an initial 5 year term.
On average, rents are strong but with the potential to reach 100% occupancy shortly, they may have the ability to move upward over time through lease renewal. Our conservative projections have this Offering priced at an 8% Cap Rate, making this an easy to manage and attractive investment opportunity, or an ideal purchase for an owner-user that would like to occupy the remaining ±1,553 square feet of office space.
has been strong in this location, and the newly remodeled 1-bedroom apartment can be seen in the pictures, taken just prior to re-leasing.
Lease renewal discussions are in place with the State of Nevada, which has been an anchor tenant for 20+ years in this property. The Welfare office is in final discussions about their expansion, which is reflected in the financial analysis herein. The Rural Clinics lease was renewed last year for an initial 5 year term.
On average, rents are strong but with the potential to reach 100% occupancy shortly, they may have the ability to move upward over time through lease renewal. Our conservative projections have this Offering priced at an 8% Cap Rate, making this an easy to manage and attractive investment opportunity, or an ideal purchase for an owner-user that would like to occupy the remaining ±1,553 square feet of office space.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,576 SF
Building Class
C
Year Built
1973
Price
$1,262,807 CAD
Price Per SF
$132 CAD
Cap Rate
8%
NOI
$101,025 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,788 SF
Building FAR
0.26
Land Acres
0.83 AC
Zoning
C1 - General Commercial - Mixed Use
Parking
22 Spaces (1.12 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 001-011-24 | Improvements Assessment | $181,402 CAD (2023) |
| Land Assessment | $11,302 CAD (2023) | Total Assessment | $192,704 CAD (2023) |
PROPERTY TAXES
Parcel Number
001-011-24
Land Assessment
$11,302 CAD (2023)
Improvements Assessment
$181,402 CAD (2023)
Total Assessment
$192,704 CAD (2023)
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1000 C St
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