Property Highlights
| 12,000 sq ft appx 12 units |
C-2 great for leasing! |
| SE corner Desert Inn and Decatur |
Outstanding corner! |
| APN#162-18-110-001 |
not distressed,owned free and clear! |
| Signalized corner |
as is whereis sale after buyer due diligence |
| in line garden style retail |
Property Description
OUTSTANDING SIGNALIZED CORNER FOR VISIBILITY AND ACCESS. RENT ROLLS BELOW, MOST OF THE LEASES RAN OUT AND ARE NOW MONTH TO MONTH, LOOKS LIKE 4% CAP RATE AND $90,000 APPX NOI, BUT A GREAT CORNER WITH A LOT OF TRAFFIC THIS PROPERTY NEEDS LEASING ACTIVITY AFTER CLOSE OF ESCROW, MOM AND POP OWNED AND BUILT, BUYER'S BROKER COOP COMMISSION 3% PAYABLE TO A NEVADA BROKERAGE ONLY, NOT OUT OF STATE BROKER.
Gross rental income last year totaled $178,168
expenses paid by sellers were$41841 according to owners.
NOI appx $136,000 in the recent past, probably now $91,000 to reflect current market should be 7% cap
All figures and rents are representations from sellers only sale to be as is after buyer"s due diligence,inspection,prelim,estoppels, no rent guarantees after coe.
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