645 W 6th St - Health Care FOR SALE


Reno, NV 89503- Downtown Reno
$1,332,277 USD
775-250-5001
645 W 6th St, Reno, NV for Sale
$1,332,277 USD
Health Care - FOR SALE
1/6
null | Request Cap Rate

645 W 6th St
Reno, NV 89503
Downtown Reno


HIGHLIGHTS

  • Great location in the Saint Mary's / Reno Orthopedic / Downtown Medical Center
  • Adjacent to University Neighborhood, with potential for office or residential expansion
  • Well maintained and 100% leased

OVERVIEW

NAI Alliance is pleased to present this unique opportunity to purchase a net-leased medical building along with additional land for expansion or redevelopment, right in the core of the Saint Mary’s Hospital/ROC Medical Center submarket. Close to all the downtown amenities and serving the UNR submarkets as well, this established and well-located business is a stable investment with an opportunity to grow as an expanded development. O’Gara Dental is a net-leased investment opportunity with a corporate lease from Signature Dental. Just through the initial Term which ran from 3/6/2019 - 2/29/2024 (5 years) @ $7,416.67/ mo. Now in term 2: (March 1, 2024 – February 28, 2029) @ $7,787.50/mo (105% of 1st Term) ($2.39 psf, Gross). Tenant also has a 2nd option for 5 years at end of 2nd term (same increase to 105% of previous term rent). Holdover Rent: 105% The Landlord responsibilities are Taxes, Insurance, Maintenance, Snow Removal, Landscaping, Repairs and Replacements and Management. The Tenant responsibilities are electricity, water, sewer, gas, telephone, cable and other utility charges/trash.

FOR SALE DETAILS

PRICE

$1,332,277 USD

PRICE/SF

$283 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Gara Dental Care Building + Expansion Land

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

007-530-13

ASK ABOUT THIS PROPERTY

Brian EganNAI Alliance Commercial Real Estate Services, LLCMore Info
775-250-5001

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Brian EganNAI Alliance Commercial Real Estate Services, LLCMore Info
775-250-5001

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