Log In/Sign Up
Your email has been sent.
1055 N Hills Blvd 6,344 SF 100% Leased Office Building Reno, NV 89506 $2,650,000 ($417.72/SF) 6.73% Cap Rate
Investment Highlights
- Visibility from US 395N
Executive Summary
DCG is pleased to present 1055 N. Hills Blvd for sale. This investment opportunity features a multi-tenant commercial property situated on approximately ±0.676 acres with ±32 parking spaces.
**Suite A (±4,568 SF)
Occupied by Desert Valley Dental (AHV Network Holdings Reno).
Initial 10-year NNN lease with expiration on March 31, 2025.
Annual rent increases of 3%.
**Suite B (±1,000 SF Total)
State Farm currently occupies approximately 500 SF on a month-to-month basis.
Remaining approximately 500 SF is available for lease.
Additional ±508 SF storage/mezzanine area not included in the stated building square footage.
The property offers excellent visibility from US Highway 395 North and is strategically located adjacent to major retailers, service providers, and employers, including Raley’s Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon, and numerous national retailers and corporate tenants.
**Suite A (±4,568 SF)
Occupied by Desert Valley Dental (AHV Network Holdings Reno).
Initial 10-year NNN lease with expiration on March 31, 2025.
Annual rent increases of 3%.
**Suite B (±1,000 SF Total)
State Farm currently occupies approximately 500 SF on a month-to-month basis.
Remaining approximately 500 SF is available for lease.
Additional ±508 SF storage/mezzanine area not included in the stated building square footage.
The property offers excellent visibility from US Highway 395 North and is strategically located adjacent to major retailers, service providers, and employers, including Raley’s Grocery, Renown Health, US Bank, USPS, Subway, Greater Nevada Credit Union, Amazon, and numerous national retailers and corporate tenants.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,344 SF
Building Class
B
Year Built
2001
Price
$2,650,000
Price Per SF
$417.72
Cap Rate
6.73%
NOI
$178,345
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,568 SF
Building FAR
0.22
Lot Size
0.68 AC
Zoning
GC - General Commercial
Parking
31 Spaces (5.57 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Central Heating
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 502-120-19 | Improvements Assessment | $247,831 |
| Land Assessment | $139,042 | Total Assessment | $386,873 |
Property Taxes
Parcel Number
502-120-19
Land Assessment
$139,042
Improvements Assessment
$247,831
Total Assessment
$386,873
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1055 N Hills Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.