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

Office For Sale

This listing is currently for sale. To see other active properties for sale, begin a new search.

Browse More Listings in Office For Sale, Reno, NV or Nevada

NNN Leased Commercial Property on 3 Year Lease

560 E. Plumb Lane, Reno, NV 89502

$595,000

5,016 SF | Office

  • Share
  • Print

Office Property For Sale - In Contract

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%
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
22 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)

  • Demographics – Population, income & other demographics near 560 E. Plumb Lane
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

Presented by Cushman & Wakefield | Commerce
Request Additional Information from Listing Broker
--ext
Contact Listing Broker

By clicking "Contact Listing Broker", you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

New to LoopNet? No problem. As a courtesy, LoopNet will automatically create a free account so that you can access more listing details, setup new listing alerts, and more.

We will not share your email address. View our Privacy Policy.

More from:

Brian Armon, SIOR, CCIM

Managing Partner at Cushman & Wakefield | Commerce

View Profile

License #B.0023801.LLC

Asking Price Index Trends for Reno, NV Office For Sale

  Jan 15 vs. 3 mo.
prior
Y-O-Y
-
State
$148+1.6%+9.1%
-
Metro
$143+2.0%+9.7%
-
County
$145+1.6%+9.8%
-
City
$153+4.4%+18.4%

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