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4899 Summit Ridge Dr
Reno, NV 89523
Cell Phone Tower · Land For Sale
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0.08 AC
Executive Summary
DCG is pleased to present 4899 Summit Ridge Drive for sale. The subject property was originally leased in 2001 to a cell tower operator, Cricket Nevada, with the lease subsequently assigned to Crown Castle MU LLC. On December 14, 2015, the property owner sold a 99-year easement (structured with installment payments) to Crown Castle 09 LLC. This transaction conveyed the right to access, operate, and maintain the cell tower and included assignment of the existing lease.
As a result, the ground lease no longer generates income to the landowner. The value of the property is the present value of the remaining cash flow from the sale of easement. sale.
As a result, the ground lease no longer generates income to the landowner. The value of the property is the present value of the remaining cash flow from the sale of easement. sale.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.08 AC |
| Zoning | GC - General Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.08 AC |
| Zoning | GC - General Commercial |
1 Lot Available
Lot
| Price | $125,000 | Lot Size | 0.08 AC |
| Price Per AC | $1,562,500.00 |
| Price | $125,000 |
| Price Per AC | $1,562,500.00 |
| Lot Size | 0.08 AC |
Property Taxes
| Parcel Number | 400-024-06 | Improvements Assessment | $1,752 |
| Land Assessment | $14,333 | Total Assessment | $16,085 |
Property Taxes
Parcel Number
400-024-06
Land Assessment
$14,333
Improvements Assessment
$1,752
Total Assessment
$16,085
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