Investment Overview

The Subject Property, 570 Lakeshore Boulevard, is a 4,765 square-foot commercial building situated on 0.38 acre(s) of land in Incline Village, Nevada. The property is 100% leased to a long-term tenant who has been at this location for nearly thirteen years. The site is very well located near the intersection of Tahoe Boulevard and Lakeshore Boulevard, and has great ingress & egress from both thoroughfares. The existing building was constructed in 1967, and has been renovated over the years to become what it currently operates as; a high end real estate office. The site has excellent accessibility from the area’s two busiest thoroughfares (Tahoe Boulevard and Lakeshore Boulevard), and 28 on-site parking spaces. The building has open-air second-story deck space, and is fully sprinklered. The current tenant, Sierra Sotheby’s International Realty, has operated at this location since 2012, and has three years remaining on their initial term with one five-year option to renew. With 1,100 offices and 26,100 agents worldwide, Sotheby’s International Realty is widely regarded as the leader in luxury residential real estate sales. Incline Village, Nevada is located along Lake Tahoe’s north shore, less than 5 miles from the California state border. The immediate surrounding area boasts an abundance of amenities, such as ski resorts, golf, Lake Tahoe, hiking biking trails, and much more. Incline Village is a year round destination for outdoor enthusiasts, and an increasingly popular place to call home thanks to its favorable tax laws and close proximity to California. This exceptional location has resulted in a very affluent local demographic, with an average household income of $196,740 within a 1 Mile Radius of 570 Lakeshore Blvd. Priced at $2,060,000, or $432.32 per square foot, this offering provides a new owner the ability to acquire an asset that simply cannot be replaced in this area; certainly not at this price.