2101 Fremont

2101 Fremont St Las Vegas, NV 89101

FOR SALE Incentives
Property Type:
Warehouse
Amount:
$2,499,999
Last Verified:
Dec 08, 2017

Highlights

  • Downtown Las Vegas Location
  • Stabilized Long Term 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 a total leasable area 16,630 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, custom wood/metal facade and a modern show room floor with exposed wood beams with tile flooring. The subject property is fully leased with long term tenants on NNN leases making this a turn turnkey investment opportunity. Current actual CAP is 7% with annual rent increases for all tenants allowing for an even higher ROI to be achieved. With continued appreciation due to the downtown redevelopment plans this property provides a steady net stream of cash flow with massive future upside potential for a higher and better use.

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: 16630.0sq ft
Lot Size: 0.0 acres

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

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.