Office/Medical Building | 1225 Westfield Ave
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Office/Medical Building 1225 Westfield Ave
15,690 SF 100% Leased Office Building Reno, NV 89509 £2,660,330 (£170/SF) 7.02% Net Initial Yield
Investment Highlights
- Investment Property
- Gerber Medical Clinic will lease back the top floor or vacate for an owner/user at COE
- Medical Office Building
- Partial Lease Back Possible - Terms Negotiable
Executive Summary
Gerber Medical Clinic would lease back (or vacate) the top floor at COE.
The property is currently occupied by 4 tenants:
- Gerber Medical Clinic (https://www.gerbermedical.com)
- Xavier Martinez, DC (https://www.renospinecare.com)
- William A. Van Meter (https://www.reno13.com)
- John F. Burgess, DPM
The building has 3 small vacancies that can quickly add to the NOI.
The property is currently occupied by 4 tenants:
- Gerber Medical Clinic (https://www.gerbermedical.com)
- Xavier Martinez, DC (https://www.renospinecare.com)
- William A. Van Meter (https://www.reno13.com)
- John F. Burgess, DPM
The building has 3 small vacancies that can quickly add to the NOI.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,690 SF
Building Class
C
Year Built
1963
Price
£2,660,330
Price Per SF
£170
Net Initial Yield
7.02%
NOI
£186,886
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,845 SF
Building FAR
0.55
Lot Size
0.66 AC
Zoning
NC
Parking
45 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Kitchen
- Basement
- Central Heating
- Lift Access
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Burgess, John F Dpm
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Gerber Medical
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Gerber Medical Clinic
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- William A. Van Meter
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Xavier Martinez
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Burgess, John F Dpm | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Gerber Medical | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Gerber Medical Clinic | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| William A. Van Meter | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Xavier Martinez | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 010-201-02 | Improvements Assessment | £227,744 (2024) |
| Land Assessment | £114,164 (2024) | Total Assessment | £341,908 (2024) |
PROPERTY TAXES
Parcel Number
010-201-02
Land Assessment
£114,164 (2024)
Improvements Assessment
£227,744 (2024)
Total Assessment
£341,908 (2024)
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Office/Medical Building | 1225 Westfield Ave
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