560 E. Plumb Lane, Reno, NV, 89502 - Available for Sale

Office For Sale

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NNN Leased Commercial Property on 3 Year Lease

560 E. Plumb Lane, Reno, NV 89502

$595,000

5,016 SF | Office

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Office Property For Sale

Price:
$595,000
Building Size:
5,016 SF
Price/SF:
$118.62
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
3%
Cap Rate:
10.12%
Occupancy:
100%
No. Stories:
2
Building Class:
C
Tenancy:
Single
Year Built:
1980
Lot Size:
9,583 SF
APN / Parcel ID:
01518307
Parking Ratio:
20 / 1,000 SF
Listing ID
17800555
Last Updated
44 days ago

Find Out More...

Highlights

  • 100% NNN leased on 3 year lease
  • Building has been completly remodeled and upgraded within the past year and a half
  • High traffic counts
  • Close to the airport

Description

The building has recently been completely remodeled to a much more modern décor inside and out with beautiful tile flooring, inside and outside has recently been painted, and much more. The current tenant will sign a new 3 year lease to begin at close of escrow at $1.00 a foot NNN and this property is being sold as a NNN leased building. Current tenant is Massage Essence.

The property is located on E. Plumb Lane near Kietzke Lane and is approximately 1.5 +/- miles to the Reno Tahoe Airport. Traffic counts according to Nevada Department of Transportation are 25,000 cars per day (according to 2011 annual traffic report).

Financial Summary

Major Tenant Information

  • Proforma
  • 2012
  • $60,192
  • $60,192
  • $0
  • $60,192

Map of 560 E. Plumb Lane, Reno, NV 89502 (Washoe County)

Research for 560 E. Plumb Lane, Reno, NV 89502 (Washoe County)

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  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

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Brian Armon, SIOR, CCIM

Broker at Trinity in Reno, Nevada specializing in sales and leasing of industria

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Asking Price Index Trends for Reno, NV Office For Sale

  Nov 14 vs. 3 mo.
prior
Y-O-Y
-
State
$146+1.2%+9.0%
-
Metro
$139-0.5%+8.4%
-
County
$141-0.3%+9.0%
-
City
$147+1.6%+16.4%

View Reno Market Trends for other property types for sale or lease. Learn more about the chart info.

NNN Leased Commercial Property on 3 Year Lease
  • Office
  • $595,000
  • 5,016 SF