4899 Summit Ridge Dr - Commercial LAND FOR SALE


Reno, NV 89523- Outer West Reno3,498 SF
$180,000 USD
775-240-1192
4899 Summit Ridge Dr, Reno, NV for Sale
$180,000 USD
Commercial LAND - FOR SALE
1/3
3,498 SF

4899 Summit Ridge Dr
Reno, NV 89523
Outer West Reno


OVERVIEW

DCG is pleased to present 4899 Summit Ridge Drive for sale. The subject property was originally leased in 2001 to a cell tower operator, Cricket Nevada, with the lease subsequently assigned to Crown Castle MU LLC. On December 14, 2015, the property owner sold a 99-year easement (structured with installment payments) to Crown Castle 09 LLC. This transaction conveyed the right to access, operate, and maintain the cell tower and included assignment of the existing lease. As a result, the ground lease no longer generates income to the landowner. The value of the offering is derived from the present value of the remaining installment payments associated with the easement sale.

FOR SALE DETAILS

PRICE

$180,000 USD

PRICE/ACRE

$2,240,227/AC

PRICE/SF

$51 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cell Phone Tower

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.08 AC

LAND SF

3,500 SF

OFFSITE IMPROVEMENTS

-

ZONING

GC

APN/PARCEL ID

400-024-06

ASK ABOUT THIS PROPERTY

Dominic BrunettiDickson Commercial GroupMore Info
775-240-1192

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Dominic BrunettiDickson Commercial GroupMore Info
775-240-1192

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