East Moana Center | 1295 E Moana Ln
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East Moana Center 1295 E Moana Ln
9,100 SF Retail Building Reno, NV 89502 £3,077,100 (£338/SF) 3.97% Net Initial Yield
Investment Highlights
- Signalized corner
- Synergistic tenant mix with local favorites catering to the specific demands of the local customer
- Property built in 2005 is fully fire sprinklered
- Dynamic central location by the Reno Airport
- Strong traffic counts
- Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Executive Summary
Multiple tenant building with 2 commercial kitchens, private parking lot. Current tenants are on flexible short term leases in the event an owner user wishes to occupy a unit for his purposes. Dynamic new development in close proximity (across the street)!
Possible owner financing with a strong down payment
Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Property built in 2005 is fully fire sprinklered
SELLER LICENSEE DISCLOSURE OF INTEREST: Pursuant to NRS 645.252 (1) (c). Listing Broker discloses that he has a direct interest (as a principal) in this transaction. Vikas (Vik) Bhatia is a licensed Real Estate Broker in the State of Nevada - LICENSE # B.26908 - Vantage Real Properties LLC
Possible owner financing with a strong down payment
Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Property built in 2005 is fully fire sprinklered
SELLER LICENSEE DISCLOSURE OF INTEREST: Pursuant to NRS 645.252 (1) (c). Listing Broker discloses that he has a direct interest (as a principal) in this transaction. Vikas (Vik) Bhatia is a licensed Real Estate Broker in the State of Nevada - LICENSE # B.26908 - Vantage Real Properties LLC
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2005
Price
£3,077,100
Price Per SF
£338
Net Initial Yield
3.97%
NOI
£122,295
Tenancy
Multiple
Number of Floors
2
Slab to Slab
9 ft
Building FAR
0.25
Land Acres
0.82 AC
Zoning
MA - Reno-Mixed-Use Airport
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalised Intersection
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 020-231-32 | Improvements Assessment | £255,728 |
| Land Assessment | £113,208 | Total Assessment | £368,936 |
PROPERTY TAXES
Parcel Number
020-231-32
Land Assessment
£113,208
Improvements Assessment
£255,728
Total Assessment
£368,936
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Vikas Vik Bhatia - Vantage Real Properties LLC
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East Moana Center | 1295 E Moana Ln
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