300-328 S Wells Ave - Loft/Creative Space FOR SALE


Reno, NV 89502- Midtown Reno
$13,870,000 USD
775-450-5779
300-328 S Wells Ave, Reno, NV for Sale
$13,870,000 USD
Loft/Creative Space - FOR SALE
1/5
null | 6.2% Cap Rate

300-328 S Wells Ave
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • Weighted average lease term remaining of 36 months
  • Situated within the main thoroughfare connecting I-580 to the MidTown and downtown districts
  • Over 825 businesses located within a 0.5-mile radius

OVERVIEW

300 S. Wells Ave. consists of two buildings totaling +/- 40,862 SF on +/- 2.30 AC of land. The property was originally built in 1972 and renovated in 2019 featuring renovated common area restrooms, HVAC and electrical improvements, and a common area courtyard for tenants and their guests. The building is zoned mixed-use (MU) and accommodates a diverse mix of office, retail, and medical office suites, with current tenants including Atelier Beauty Bar, The Mill Barre + Pilates, CNET Media, Tumbles, and Dorinda's Chocolates.

FOR SALE DETAILS

PRICE

$13,870,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Ryland Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

MUWM

APN/PARCEL ID

013-021-33,013-021-41,013-021-42,013-021-43

ASK ABOUT THIS PROPERTY

Greg RuzzineLogic Commercial Real EstateMore Info
775-450-5779

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Greg RuzzineLogic Commercial Real EstateMore Info
775-450-5779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.