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

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NNN Leased Commercial Property on 3 Year Lease

560 E. Plumb Lane, Reno, NV 89502

$650,000

5,016 SF | Office

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Price:
$650,000
Building Size:
5,016 SF
Price/SF:
$129.59
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:
9.26%
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
25 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)

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Asking Price Index Trends for Reno, NV Office For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$138+2.4%+18.3%
-
Metro
$137+5.6%+13.6%
-
County
$139+5.6%+13.3%
-
City
$138+7.8%+17.0%

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

Created 8/21/2012
NNN Leased Commercial Property on 3 Year Lease
  • Office
  • $650,000
  • 5,016 SF