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Richard Herz Building 1300-1390 S Curry St 44,800 SF 73% Leased Office Building Carson City, NV 89703 $6,182,400 ($138/SF) 6.50% Cap Rate
Investment Highlights
- 44,800 SF single-story office building in downtown Carson City, Nevada
- CAP rate: 6.5% based on actual income and expenses
- Configuration: Three common-area restroom clusters
- Current occupancy: ~33,100 SF (State of Nevada + professional tenants)
- Vacancy: ~11,700 SF available for owner/user or lease-up
- Lease structure: Full-service gross leases with load factors
Executive Summary
44,800 SF single-story office building in downtown Carson City, Nevada.Occupied by the State of Nevada and other professional tenants. Offering a 6.5 CAP rate based on actual income and expenses with current occupancy of approximately 33,100 SF. Three common-area restroom clusters and full-service gross leases with load factors in place. Approximately 11,700 SF is vacant for owner/user occupancy or lease-up. Zoned Retail Commercial and master planned for Downtown Mixed Use. Situated on 3.15 acres with +-200 parking spaces and potential for expansion. Nevada's Great Tax benefits: No personal or corporate income tax. No franchise or inventory tax. No tax on corporate shares, No requirements for shareholders or directors. No tax on sales or transfers of shares. No succession on Inheritance shares with IRS. Simple annual returns. No initial or minimum capital gains requirements. 365-Year limit Dynasty Trust Law.Minutes to Hwy 50, Hwy 28, Hwy 395, I-580. RNO & Minden
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
44,800 SF
Building Class
B
Year Built
1983
Price
$6,182,400
Price Per SF
$138
Cap Rate
6.50%
NOI
$401,856
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
44,800 SF
Building FAR
0.33
Lot Size
3.15 AC
Zoning
RC - Retail Commercial - preserve a commercial district limited primarily to offices and retail sale of new merchandise and excluding all uses in the gener
Parking
195 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- State of Nevada
- Public Administration
- -
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$9.99
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Lorem Ipsum
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Jan 0000
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- Public Administration
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
USDA began in 1862 after Congress established the department, and the agency has since grown into a federal organization focused on food, agriculture, natural resources, rural development, nutrition, and related public policy. USDA provides leadership through mission areas that include assistance to farmers, food safety, nutrition programs, marketing support, conservation, and environmental stewardship. The department also works on scientific research, rural opportunity, and efforts that support healthy private working lands, restored forests, and improved watersheds. USDA serves the American public through a broad network of agencies and offices that carry out these programs across the country and abroad.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| State of Nevada | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 003-064-09 | Improvements Assessment | $921,736 |
| Land Assessment | $528,274 | Total Assessment | $1,450,010 |
Property Taxes
Parcel Number
003-064-09
Land Assessment
$528,274
Improvements Assessment
$921,736
Total Assessment
$1,450,010
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Richard Herz Building | 1300-1390 S Curry St
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