Description
Commercial business center, centrally located in Mammoth Lakes on the corner of Laurel Mountain Road and Sierra Nevada Road. 5,920 square feet of usable area (Includes common area, meeting space, and bathrooms) and 4,555 of leasable area. Property has a good/consistent rental history with professional occupants. 14 leasable spaces, a small conference room, utility room and common area. Roofs were replaced approximately 3 years ago. Rents are below market and have not been raised in years and current rents are reflective of rent concessions given during Covid 19. This property sits two lots totaling approximately .57 acres of land. Most rents have been kept month-to-month and are considered to be below market given their size and Covid concessions, talk with listing agent about details. CAM charges are passed through to tenants. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively.
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0BEDS
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0.57ACRES
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0BATHS
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01/2 BATHS
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5,920SQFT
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$186$/SQFT
School Ratings & Info
Description
Commercial business center, centrally located in Mammoth Lakes on the corner of Laurel Mountain Road and Sierra Nevada Road. 5,920 square feet of usable area (Includes common area, meeting space, and bathrooms) and 4,555 of leasable area. Property has a good/consistent rental history with professional occupants. 14 leasable spaces, a small conference room, utility room and common area. Roofs were replaced approximately 3 years ago. Rents are below market and have not been raised in years and current rents are reflective of rent concessions given during Covid 19. This property sits two lots totaling approximately .57 acres of land. Most rents have been kept month-to-month and are considered to be below market given their size and Covid concessions, talk with listing agent about details. CAM charges are passed through to tenants. Gross Rent and CAM Income for 2019, 2020, and 2021 was $89,997, $88,193 and $86,226 respectively.
© 2022 Mammoth Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rebecca Garrett - Mammoth Realty Group. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-05-19T20:51:25.47.
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