1808 E. William St., Carson City, NV

1808 E. William St., Carson City, NV 89701

— For Sale —

Asking Price $1,450,000

In-Place CAP Rate 5.28%

Total Square Footage ± 10,432 SF

Property Information

Property Overview 1808 E. William St is a ± 10,432 SF multi-tenant retail and flex industrial property on ± 0.85 acres in a prime Carson City commercial location near the intersection of E. William St (US Hwy 50 E.) and N. Saliman Rd. The offering comprises three structures: a 4,000 SF retail sales building fronting E. William St., a 4,632 SF office and warehouse building divided into three suites, and a 1,800 SF garage building of two units set behind gated chain-link fencing. Four tenants occupy five units, and 2,058 SF of warehouse in Suite A is currently vacant and available for immediate lease-up.

The property presents a rare combination of in-place cash flow and immediate repositioning upside. Every tenancy is month-to-month and every lease is gross, with no CAM or NNN reimbursements billed. A buyer could restructure the entire rent roll to market triple-net terms without waiting for lease rollover; a path that takes Year 1 NOI from $77,441 to a pro forma $118,268, or from a 5.34% in-place cap rate to 8.16% on the asking price. Combined with lease-up of the vacant warehouse suite, the asset offers an investor immediate income, a clear and executable value-add plan, and frontage on one of Carson City’s principal commercial corridors.

Contact

Brokerage

Andie Wilson Bonkowski, CCIM

Executive Vice President
Reno
License BS.144325
O 775.433.1106
C 775.721.2980
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Brokerage

Mallory LaBranch, MBA, CCIM

Associate
Reno
License BS.146684
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O 775.433.1115
C 775.220.6600
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Brokerage

Blaise LaBranch

Associate
Reno
License S.200016
O 775.433.1120
C 775.379.9398
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