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Note
Airport Commerce Center
Listing was updated at: 11/05/2018
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
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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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