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Airport Commerce Center

Listing was updated at: 06/03/2019
Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center Airport Commerce Center

Property Overview

Price/Rent PSF $ 2,850,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 26,624
Date Available 11/05/2018
Additional URL Link
Floors 1
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Description

Location
Only about 800 feet from the Villanova on-ramp to I-580 and 2,100 feet from the Reno-Tahoe International Airport entrance at Plumb Lane, the property is located outside the flood zone and has excellent visibility from northbound freeway traffic.

Sale
The 26,624 SF Two-Story Industrial Office Building was built in 1976 with masonry exterior walls. Excellent visibility from I-580, which has an average of 173,000 vehicles per day. Fully occupied, the tenants are: Sherwin Williams; Academy of Grappling Arts (AGA) Charles Gracie: Brazilian Jiu-Jitsu Academy; and Koinonia: Foster Homes & Family Services. There is ample on-site parking around the entire building.

Averaging 98% occupancy since 2007, the property offers a strong history of steady cash-flow. Additionally, because tenants currently operate under older leases that were created earlier in the market cycle, there is opportunity to grow cash-flow by moving tenants to current market rates on NNN leases.

Location

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