REAL NUMBERS; The population of Mesquite, Nevada on January 1st 2010 is approximately 15,015. (Extrapolated from a 2000 US census population of 9,389 and a population of 14,799 on June 4th 2010.) From TrueKnowledge.com
So Where is the Future of Mesquite? Read Forum Here or Blog
Not a single home builder in Mesquite offers a solar application of any kind in a standard package. Subdivisions platted and being replatted and approved by The City of Mesquite meet many requirements, but no consideration is given to solar orientation.
Could We Be Missing an Oppportunity?
Many building owners with vacant space (which is virtually every commercial building complex in Mesquite) are beginning to offer tenant improvements free, some months free, CAMs paid, taxes paid, insurance paid, etc. With competitive rents falling actual nets may be as low as .50 cents a square foot for many owners. At that rate the average asking price for the current listings, using an 8% cap rate is at least double, even triple the real value.
Many more properties are available, but not listed. I can help fill in the picture for you.
Vacancy rates for office/retail/light industrial warehouse space have sky rocketed, currently it appears there is as much as 300,000 square feet of vacant space. The prices for all are headed south at an unprecedented pace.
Mesquite MLS recorded two commercial land closed transactions in 2009, one sold to the City of Mesquite and the other was a quarter acre that sold for $8 per square foot,(it had three older homes on it).
Mesquite MLS recorded two commercial land closed transactions in 2009, one sold to the City of Mesquite and the other was a quarter acre that sold for $8 per square foot,(it had three older homes on it).Mesquite Nevada MLS reports 2 commercial building sales total for 2008. The City of Mesquite bought one of them. Only 3 buildings sold and closed through the Mesquite Nevada MLS in 2007.
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Chris W. Miller