Mesquite NV Commercial Real Estate

Mesquite, Nevada Commercial Developments

Mesquite Commercial building permits: 56 issued in the past 30 months (Jan 2006 through June 2008)as the supply side swells!

There are around 26 commercial properties for sale in Mesquite, this inventory appears to be growing. 15 buildings are active for sale today. 3 buildings sold and closed through the Mesquite MLS in 2007. Commercial/multi-family vacant land listings include around 20 active parcels, only 2 sold and closed in 2007. My Mesquite NV Commercial Listings

As the inventory grows, so are vacancy rates, creating signs of a speculative bubble in the office and retail space. This likely will affect sales prices and rents in a negative way. New leasing agents are popping up on every corner.

High quality industrial warehouse space remains in very limited supply.

Mesquite Nevada commercial real estate has grown based on a very short history. Just ten short years ago the north side of Mesquite was virtually non existent, except for the industrial area and the airport. At that time it was home to Primex and that was about it.

Today, as a result of the speculative boom that took place, and some very optimistic and expensive studies, there are a few thousand homes north of I-15, and enough commercially zoned property to serve a city at least three times the size of Mesquite. The older Mesquite NV commercial properties are still around, the main drag, Mesquite Blvd is lined with the older existing commercial buildings. Many are sitting empty, looking neglected.

In the past 30 months we, the City of Mesquite has issued 56 NEW commercial building permits and opened a second industrial zoned area in one of the public take down lands owned by the city. Many new business operations have opened in Mesquite including Walmart. All this leads back to expensive studies the City of Mesquite funded with our dollars, speculation and aggressive growth projections.

The amount of vacant space, retail, office, restaurant has skyrocketed. Prices in the older Mesquite Heights Industrial area have been hurt, prices in the main downtown area are struggling. There is vacant space in literally every shopping center, strip mall, and multi unit office building in town.

Opportunities are being created for those with the foresight to see the future growth. Distress and vacancy, from an investors point of view may be the best of all worlds. The time to make a deal is nearing for those with the ability. Not based on last years numbers or even current NOI numbers, but rather, based on where Mesquite is going over the next ten years.

"Rent to own" with equity credit of a portion of rents paid applied to down payment at closing. Warehouse listed "for sale" with 6000 sq ft. it has 2 ten foot overhead doors, 400 sq. ft. of office space, a loading dock, and an excelent location surrounded by explosive residential growth. This Prime location property is reduced to $690,000.