5975 Alpha Ave - Warehouse FOR SALE


Reno, NV 89506
$1,945,000 USD
775-745-8100
5975 Alpha Ave, Reno, NV for Sale
$1,945,000 USD
Warehouse - FOR SALE
1/13
null | 8% Cap Rate

5975 Alpha Ave
Reno, NV 89506


OVERVIEW

5975 Alpha Avenue is a leasehold investment opportunity at the Reno-Stead Airport. The property has been on an airport ground lease since 1997 and will be renewed on a new 20-year ground lease prior to the close of escrow. The building is currently leased to Tactical Air Support with a lease term through August 2029 and a five- year renewal option. The tenant's lease includes 3% annual rent increases at the beginning of each calendar year

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

R&D, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,651

ZONING

MA

APN/PARCEL ID

086-850-03

ASK ABOUT THIS PROPERTY

Paul EvansLogic Commercial Real EstateMore Info
775-745-8100

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Paul EvansLogic Commercial Real EstateMore Info
775-745-8100

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