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13870 Stead Blvd

21,300 SF 100% Leased Retail Building Reno, NV 89506 £2,943,716 (£138/SF) 6.91% Net Initial Yield

Investment Highlights

  • (3) Buildings and 1-acre + of undeveloped land
  • Price Reduction for Quick Sale!!
  • 100% Leased with value-add land

Executive Summary

AGGRESSIVE PRICE REDUCTION......Priced at a 7% CAP rate on the income + NO COST for the undeveloped acre of land
Great Northern Nevada NNN investment portfolio. Includes (3) buildings; 13870, 13880, 13890 and an acre of undeveloped land. Seller has started civil and architect plans for developing land into (3) 5,000 SF warehouses.

Attachments

Stead Blvd OM

Property Facts

Sale Type
Investment NNN
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,300 SF
Building Class
C
Year Built
1993
Price
£2,943,716
Price Per SF
£138
Net Initial Yield
6.91%
NOI
£203,313
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
3.15 AC
Zoning
GC
Frontage
112 ft on Stead Blvd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
086-101-39
Land Assessment
£165,823
Improvements Assessment
£519,210
Total Assessment
£685,033
  • Listing ID: 31184228

  • Date on Market: 11/03/2024

  • Last Updated:

  • Address: 13870 Stead Blvd, Reno, NV 89506

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