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931-939 Mica Dr
Carson City, NV 89705

Indian Hills Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
27,845 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.10 AC
Zoning
NC
Parking
171 Spaces

Amenities

  • Signalized Intersection
  • Drive Thru

About 931-939 Mica Dr , Carson City, NV 89705

Partially occupied upscale neighborhood commercial shopping center, to be sold with many upside opportunities: • (1) Opportunity to increase occupancy from the current 38%, to 50% with occupancy of the ready-to-occupy 2nd generation restaurant space, to the 90% occupancy that most Carson City retail centers currently enjoy; (2) The shopping center has been subdivided for potential resale of the individual parcels (current ownership must sell the center as a complex) to attract future owner/users as well as investors; (3) Priced below replacement cost; (4) Owners association has been created and filed with Sec. of State. • Excellent highway frontage & visibility; signalized intersection with traffic counts exceeding 33,000 cars daily. • Zoned NC; ample shared parking. • APNs: 1420-07-619-001, 002, 003, 004, 005 to be sold together, as a joint sale. • 5 buildings included totaling 27,900 SF of retail space: Building A is 8,600 SF and has one tenant (physical therapist) occupying 1,475 SF. Bldg B is 5,400 SF and is shell space. Bldg C is 4,800 SF and is 100% occupied by Barton Orthopedic. Bldg D is 4,400 SF and is 100% occupied by 3 tenants (vet, Edward Jones, midwife, and Board of Optometry), Bldg E is 4,800 SF and has 1,453 SF of shell space and 3,347 SF ready-tooccupy, 2nd generation restaurant space. • Current actual NOI: $223,080.24 • Proforma NOI: $481,437.22 • Major shopping centers within 1 mile of the center include tenants such as BEST BUY, HOME DEPOT, TARGET, IN-N-OUT BURGER, STARBUCKS, COST PLUS, WALMART, CHILI’S, TRADER JOE’S, CRAFT MARKET, and many more… • Construction costs at the time the center was built (2006) exceeded $8 million. • Interested parties must execute a confidentiality agreement. Upon receipt of the executed confidentiality agreement, a dropbox link shall be sent for copies of current financials, CC&R's, association documents, and all current leases.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1420-07-619-001
  • 1420-07-619-003
  • 1420-07-619-004
  • 1420-07-619-005
  • 1420-07-619-002
Land Assessment
$433,724
Improvements Assessment
$1,539,224
Total Assessment
$1,972,948
  • Listing ID: 16592151

  • Date on Market: 2019-07-11

  • Last Updated:

  • Address: 931-939 Mica Dr, Carson City, NV 89705

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