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2101 Fremont

2101 Fremont St

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Las Vegas, NV 89101

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2101 Fremont

2101 Fremont St

Las Vegas, NV 89101

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Contact Broker

Square
Adam Paul Macaluso President of Multifamily Investments
NV #BS0145166

paul@turnermacgroup.com
(C) 702.542.1993
(O) 702.909.7047
(F) 702.441.8527

 


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2101 Fremont

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For Sale
Price:
$2,749,999
Building Size:
27,000 SF
Property Type:
Industrial
Total Lot Size:
0.87 Acres
Year Built:
1978
Cap Rate:
6.53%
NOI:
$179,554
Download Sale Brochure (L)
 


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