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Losee Auto Center 2061 Losee Rd

11,424 SF 100% Leased Retail Building North Las Vegas, NV 89030 $2,690,000 ($235/SF) 4% Cap Rate

Retail Space Nevada North Las Vegas 2061 Losee Rd, North Las Vegas, NV 89030

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.

Attachments

LOSEE NEW OM

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,424 SF
Building Class
B
Year Built
1986
Price
$2,690,000
Price Per SF
$235
Cap Rate
4%
NOI
$107,730
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Land Acres
0.74 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 Line
  • Freeway Visibility
  • Signage
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PROPERTY TAXES

Parcel Number 139-22-602-003 Improvements Assessment $168,175
Land Assessment $141,024 Total Assessment $309,199

PROPERTY TAXES

Parcel Number
139-22-602-003
Land Assessment
$141,024
Improvements Assessment
$168,175
Total Assessment
$309,199
(702) 215-7131

  • Listing ID: 33858094

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 2061 Losee Rd, North Las Vegas, NV 89030

More public record information on 2061 Losee Rd, North Las Vegas, NV 89030

The Retail Property at 2061 Losee Rd, North Las Vegas, NV 89030 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Losee Auto Center | 2061 Losee Rd
(702) 215-7131 x

Losee Auto Center | 2061 Losee Rd

Kandace Murphy

(702) 215-7131

(702) 215-7131

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