Losee Auto Center | 2061 Losee Rd
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Losee Auto Center 2061 Losee Rd
11,424 SF 100% Leased Retail Building North Las Vegas, NV 89030 £2,122,410 (£186/SF) 4% Net Initial Yield
Investment Highlights
- Large open lot
- Owner user opportunity to also bring in investment income
- Opportunity to achieve an 8% cap
Executive Summary
This 9 Unit Auto Strip offers high potential in increased rents and value. This property has not been managed to properly fill each bay with long term leases. The existing tenants have been there over a decade, and on month-to-month lease agreements for a new owner to come in and restructure. The property includes 2 regular offices, one large office, and 4 restrooms. Walls have been removed within a few bays to increase sq footage for existing tenants. The Auto industry has been growing rapidly in Las Vegas, with the need for owner users, and tenancy, as a limited amount of space is available. Please review the OM for more details. Just reduced price to $2.69mm.
Data Room Click Here to Access
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,424 SF
Building Class
B
Year Built
1986
Price
£2,122,410
Price Per SF
£186
Net Initial Yield
4%
NOI
£84,999
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Land Acres
0.74 AC
Opportunity Zone
Yes
Zoning
M-3 - M-3 Heavy Industrial District
Parking
33 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
305 ft on Losee Rd
Amenities
- Bus Route
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 139-22-602-003 | Improvements Assessment | £132,860 |
| Land Assessment | £111,410 | Total Assessment | £244,270 |
PROPERTY TAXES
Parcel Number
139-22-602-003
Land Assessment
£111,410
Improvements Assessment
£132,860
Total Assessment
£244,270
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Kandace Murphy -
Marcus & Millichap
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Losee Auto Center | 2061 Losee Rd
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