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350 Capitol Hill

350 Capitol Hill Ave, Bldg 1, Reno, NV 89502

N/A

6,335 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
6,335 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
5%
Cap Rate:
9.30%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1960
APN / Parcel ID:
#013-411-20
Listing ID
16636981
Last Updated
over 1 year ago

Highlights

  • INVESTOR SPECIAL OVER 8% CAP RATE
  • NEWLY REMODELED & UPGRADED
  • EXTRA SECURE STORAGE SPACE AVAILABLE ON SITE
  • OTHER 2 BUILDINGS ARE ALSO AVAILABLE W/BUILD TO SUIT - PRICED SEPARATELY

Description

This bldg is one of three bldgs on 1.095 acres being individually parceled. It is on a new 10 year lease with the U.S. Veteran's Administration, guaranteed, with annual rent escalators. 10 year average CAP Rate of 9.3% on guaranteed "No Out Clause" US Government lease. Interior 100% remodeled brand new space. Fully fenced & security lighted. 75+ shared parking spaces on site + ample street parking. The other 2 bldgs are vacant at this time and are being offered for sale or lease w/ build-to-suit options. Current tenant requires minimum of 72 hours notice for viewing.

Good location near the corner of S. Wells Avenue in the S. Virginia/S. Wells business corridor. TERRIFIC GUARANTEED INCOME STREAM FOR 10 YEARS - CHECK THIS ONE OUT NOW.
Tenant Occupied
Investment Property
Fully Rehabbed with Great Cash Flow

Map of 350 Capitol Hill Ave, Bldg 1, Reno, NV 89502 (Washoe County)

Research for 350 Capitol Hill Ave, Bldg 1, Reno, NV 89502 (Washoe County)

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