255 Glendale Ave
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255 Glendale Ave
28,490 SF 58% Leased Office Building Sparks, NV 89431 £4,303,475 (£151/SF)
Investment Highlights
- 28,490 SF multi-tenant medical/office/lab property in the flex industrial submarket in Sparks, NV
- Frontage on Glendale Avenue
Executive Summary
Sale Price Reduced. The property has a long history of stable 100% occupancy but will now be sold with 12,050 square feet of office/lab
space expected to go vacant in 2024. Concentra Health is the anchor tenant with 17 years of operating history on
the site and 7 years remaining on the existing lease. Juniper Services occupies approximately 5,400 square feet with
4 years remaining. Alpha Analytical plans to vacate 12,050 square feet of office and lab space in 2024. The property
provides an excellent opportunity for upside by bringing vacant office rents to market. Zoning on the property is
Industrial, providing flexibility to convert to flex industrial.
space expected to go vacant in 2024. Concentra Health is the anchor tenant with 17 years of operating history on
the site and 7 years remaining on the existing lease. Juniper Services occupies approximately 5,400 square feet with
4 years remaining. Alpha Analytical plans to vacate 12,050 square feet of office and lab space in 2024. The property
provides an excellent opportunity for upside by bringing vacant office rents to market. Zoning on the property is
Industrial, providing flexibility to convert to flex industrial.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
28,490 SF
Building Class
C
Year Built
1981
Price
£4,303,475
Price Per SF
£151
Percent Leased
58%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
28,490 SF
Building FAR
0.29
Lot Size
2.29 AC
Opportunity Zone
Yes
Zoning
I - All industrial
Amenities
- Courtyard
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Garden office located in the sparks industrial/flex submarket. Variety of Sizes Available for Lease: 1,200 SF 2,200 SF 3,000 SF 5,600 SF 12,050 SF
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 17-26 | 1,200-12,050 SF | Office | Full Build-Out | Now |
1st Fl-Ste 17-26
| Size |
| 1,200-12,050 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl-Ste 17-26
| Size | 1,200-12,050 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Garden office located in the sparks industrial/flex submarket. Variety of Sizes Available for Lease: 1,200 SF 2,200 SF 3,000 SF 5,600 SF 12,050 SF
PROPERTY TAXES
| Parcel Number | 034-342-16 | Improvements Assessment | £555,406 |
| Land Assessment | £314,155 | Total Assessment | £869,560 |
PROPERTY TAXES
Parcel Number
034-342-16
Land Assessment
£314,155
Improvements Assessment
£555,406
Total Assessment
£869,560
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255 Glendale Ave
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