Ben Galles - Commercial Real Estate Showcase

Ben Galles Property Listings
Senior Commercial Advisor
Commerce Real Estate Solutions
6121 Lakeside Dr
Suite 180
Reno, NV 89511
(775) 851-9500
(775) 851-9551

Ben Galles is a Senior Advisor with the Reno, Nevada Cushman & Wakefield | Commerce office where he specializes in the sale and leasing of various types... More
Ben Galles is a Senior Advisor with the Reno, Nevada Cushman & Wakefield | Commerce office where he specializes in the sale and leasing of various types of properties.

Ben has been licensed since August 2001. Since that time, he has consistently brought market knowledge and experience in purchasing, leasing and sales, marketing and management. Prior to joining Cushman & Wakefield | Commerce, Ben was a Principal with Trinity Commercial. In addition, Ben gained knowledge and experience in the market as an Advisor with Keller Realty.

Ben earned a degree in accounting from the University of Nevada Reno and currently holds his EMS designation, which is an exchange marketing specialist. He is currently working towards the Certified Commercial Investment Member (CCIM) and the Society of Industrial and Office Realtors (SIOR) designations. Less 
591 S 9th Street - Panorama Trailer Court

Elko, NV 89801

(1.7 MB)

Property Type:Multi-Family Number of Units:145 Status:Existing Year Built:1961
Stories:1 Building Size:25,678 SF Land Area:17.37 AC (756,637 SF)
For Sale Price:$2,750,000 Price/Unit:$18,965.52 Cap Rate:8.30 % GRM:-


This complex consists of 145 units, 10 of which are owned by the complex with one of them operating as the complex office. The estimated pro-forma NOI for 2009 is $256,662.

Sale Notes:
High demand rentals.
On city sewer and water.
Tenants pay gas, electric, and cable.
Owners pay water, sewer, trash.
Close to 100% occupancy.
10 park owned homes
This 145 space mobile home park was originally completed in 1961 with additional major expansions to the park in 1980 and 1995. The park sits on 17.37 acres zoned RHM. Nearly 100% occupied with a waiting list due to high demand for housing, this well located park is on city water and sewer and is a fantastic investment. The park itself has paved drive areas, parking, and includes 10 park owned homes (one is the park office). Space rents range from $335 per month to $385 per month. Many capital improvements have been completed recently including updating sewer, water, and power to several spaces. DO NOT DISTRURB THE TENANTS OR SPEAK WITH MANAGER WITHOUT LISTING AGENT PRESENT!!
The property is located in Elko, NV which called "the Heart of NE Nevada". Elko has a thriving mining industry and is approximately halfway between Salt Lake City, Utah and Reno, NV. Northeastern Nevada, where Elko is located, is the 4th largest gold producer in the world behind Australia, South Africa and China. Major mining companies in Elko include Newmont Mining Corp (NYSE: NEM) and Barrick Gold Corp (NYSE: ABX). Elko' s economy base consists of hard rock mining, trans loading, manufacturing, cattle ranching, gaming, tourism, outdoor recreation, Federal, State, County and City governments, and a large retail and service industry.

Commerce Real Estate Solutions
Ben Galles
(775) 851-9500

Brian Armon
(775) 851-5320 x101

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