This property is Off-Market

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

6,335 SF · Office For Sale

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350 Capitol Hill

Price N/A Occupancy 100%
Building Size 6,335 SF No. Stories 1
Property Type Office Building Class B
Property Sub-type Office Building Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 1960
Commission Split 5% APN / Parcel ID #013-411-20
Cap Rate 9.30%
Listing ID: 16636981 Date Created: 04/06/2010 Last Updated: 07/11/2011

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

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

Research

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

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