Submit Offers! Office / Industrial Building For Sale | Henderson NV

401-433 Max Court Henderson, NV 89011

401-433 Max Court, Henderson, NV, 89011
401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011 401-433 Max Court, Henderson, NV, 89011
FOR SALE
Property Type:
Industrial
Amount:
$5,325,000
Last Verified:
Sep 07, 2021

The Offering:

Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase a two-story multi-tenant office/warehouse building built in 1998 totaling ±39,589 rentable square feet. It has been well maintained with the current ownership investing over $250,000 in improvements including parking lot resurfacing, new exterior paint, new carpet and light fixtures in the common area, and new landscaping. This provides a unique opportunity for an investor to acquire an asset with both good cash flow and appreciation potential. The majority of the leases have built-in $0.05/SF annual rent increases dramatically increasing cash flow.

 

Investment Highlights:

• Below market rents averaging $0.63/SF NNN

• Large above market annual rent increases

• 100% occupancy

• Property consists of highly sought after small office/warehouse units

• Above-average tenant retention and rent collections throughout 2020

• Strong leasing activity with 8 new leases in the last three months


Additional URLs

Map of 401-433 Max Court, Henderson, NV, 89011

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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.