Description
Prime Commercial Flex Space 5-Unit Investment Opportunity Located in the heart of Reno, this desirable 5-unit commercial flex property presents an exceptional investment or owner-user opportunity. Strategically positioned near Reno-Tahoe International Airport, with easy freeway access and close proximity to the Virginia Street corridor, this property offers excellent visibility and accessibility for tenants and businesses alike., Property Highlights: - Versatile Flex Units Ideal for office, warehouse, light industrial, or showroom use - 14' Roll-Up Doors Convenient access for logistics and operations - Dedicated Fenced Yards Private outdoor storage or workspace for each unit - Prime Location Minutes from major freeways, airport, and business hubs - High Demand Area Perfect for small businesses, contractors, and logistics - Current Maintenance/Inspections - Well cared for and maintained Investor Advantage: - Value-Add Potential Two tenants currently leasing below market rates, offering an opportunity to increase cash flow by an additional 60%-100% NOI within 2.5-4 years - Asking price $192.46/psf; Sales comps support $236.00/psf - Appreciation Potential Rental rate adjustments and market growth enhance the long-term value of the property This is a rare opportunity to secure a highly sought-after flex property in Reno's booming commercial sector. Contact us today for financials, leasing details, and showings. ***Stated NOI in PRO-FORMA estimates based on current lease rent escalations/budget and projected renewal terms. ***Buyer to verify power, description pulled from prior sources but not confirmed
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0BEDS
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0.73ACRES
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0BATHS
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01/2 BATHS
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9,872SQFT
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$192$/SQFT
School Ratings & Info
Description
Prime Commercial Flex Space 5-Unit Investment Opportunity Located in the heart of Reno, this desirable 5-unit commercial flex property presents an exceptional investment or owner-user opportunity. Strategically positioned near Reno-Tahoe International Airport, with easy freeway access and close proximity to the Virginia Street corridor, this property offers excellent visibility and accessibility for tenants and businesses alike., Property Highlights: - Versatile Flex Units Ideal for office, warehouse, light industrial, or showroom use - 14' Roll-Up Doors Convenient access for logistics and operations - Dedicated Fenced Yards Private outdoor storage or workspace for each unit - Prime Location Minutes from major freeways, airport, and business hubs - High Demand Area Perfect for small businesses, contractors, and logistics - Current Maintenance/Inspections - Well cared for and maintained Investor Advantage: - Value-Add Potential Two tenants currently leasing below market rates, offering an opportunity to increase cash flow by an additional 60%-100% NOI within 2.5-4 years - Asking price $192.46/psf; Sales comps support $236.00/psf - Appreciation Potential Rental rate adjustments and market growth enhance the long-term value of the property This is a rare opportunity to secure a highly sought-after flex property in Reno's booming commercial sector. Contact us today for financials, leasing details, and showings. ***Stated NOI in PRO-FORMA estimates based on current lease rent escalations/budget and projected renewal terms. ***Buyer to verify power, description pulled from prior sources but not confirmed
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