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Property Details
FULLY OCCUPIED! West Fernley shopping center built in 2005 features 12 units and is 100% leased. Great location with frontage along W Main St with 10,600+ daily traffic counts. Parking lot is shared with the bowling alley next door. 6.5% CAP rate is based on current income/expenses and there is a lot of upside to improve as rents are under market and current owner pays all expenses except for electricity. Seller has 37% ownership of parking lot which is to be conveyed in purchase. *Parking is open parking and shared bowling alley next door, parking count featured is not exact. Seller has limited information as to heating/mechanicals - buyer to verify all information.
- Property TypeRetail
- Amenities
- Onsite parking
- Year Built2005
- Total Building Size14,812RSF
- Total Acres0.34
- Typical Floor1,200RSF
- ZoningCI - General Commercial
- Property ID2190548
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