2101 Fremont

2101 Fremont St Las Vegas, NV 89101

FOR SALE
Property Type:
Warehouse
Amount:
$2,749,999
Last Verified:
Mar 29, 2018

Highlights

  • Downtown Las Vegas Location
  • Stabilized Strong Tenants
  • Renovated and Well Maintained
  • Great Cash Flow From NNN Tenants

Description

The subject property is located within downtown Las Vegas East Fremont St District which is in close proximity to major transportation arteries, I15 and I95 an much more. This 3 tenant property consists of approximately 27,000 sqft with a total land foot print of 0.87 acres.

Recent improvements to the property consist of up to date code fire sprinkler systems, 2200 amp electrical system across the entire property, loading doc+ramp, new cooling systems (15 total), custom wood/metal facade and a modern show room floor with exposed wood beams with tile flooring. There are a total of 9 bathrooms with 6 being ADA compliant.

The subject property is fully leased with strong tenants on NNN leases making this a turn turnkey investment opportunity. Current actual CAP is 6.53% with annual rent increases in place for all tenants allowing for new ownership to achieve an even higher ROI. With continued appreciation due to the downtown redevelopment this property provides a steady consistent cash flow with massive future upside potential.

2101 Fremont sits on the corner of 21st and Fremont. Major cross streets are Fremont St & Eastern Ave. Within close proximity to both I15 and I95


Year Built: 1978
Building Size: 27000.0sq ft
Lot Size: 0.87 acres

Map of 2101 Fremont St, Las Vegas, NV, 89101

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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