10619 Professional Circle | Reno, NV 89521
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10619 Professional Circle
Reno, NV 89521
Office Property For Sale
Investment Highlights
- Investment Grade Tenant
- Single-Tenant Medical Office Building
- New 10 Year NNN Lease Renewal
Executive Summary
LOGIC Commercial Real Estate is pleased to present for sale 10619 Professional Circle. Located in south Reno, 10619 Professional Circle consists of +/- 17,631 square feet of medical office space which is solely leased by Gastroenterology Consultants and offers a full endoscopy center. The asset is situated on a +/- 2.01 AC parcel with ample parking and visibility from US Highway 395. 10619 Professional Circle is in close proximity to Renown’s South Meadows Medical Center and the newly completed Northern Nevada Sierra Medical Center. Within a 5-mile radius, this asset services a population of +/- 97,490 people with an annual average household income of +/- $134,709.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,631 SF
Building Class
B
Year Built
2007
Price
£8,572,118
Price Per SF
£486
Net Initial Yield
5.50%
NOI
£471,467
Tenancy
Single
Number of Floors
1
Typical Floor Size
17,631 SF
Building FAR
0.20
Lot Size
2.01 AC
Zoning
PUD - Planned Unit Development
Parking
60 Spaces (3.4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 160-060-28 | Improvements Assessment | £1,013,521 |
| Land Assessment | £295,396 | Total Assessment | £1,308,917 |
PROPERTY TAXES
Parcel Number
160-060-28
Land Assessment
£295,396
Improvements Assessment
£1,013,521
Total Assessment
£1,308,917
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