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5060 Meadowood Mall Cir 9,712 SF 100% Leased Office Building Reno, NV 89502 $6,000,000 ($617.79/SF) 4.41% Cap Rate
Executive Summary
Colliers is pleased to present 5060 Meadowood Mall Circle for sale. This fully leased NNN medical office investment is a rare opportunity for longterm
income, a location within the strongest retail submarket in northern Nevada, and a building that has been invested in by the landlord and tenants.
There are two suites: Renew MD and Talbott Plastic Surgery. Talbott Plastic Surgery recently built a 806SF surgery center within their suite. The property
is generating over $262,000 per year in net income. The leases have annual increases in base rent and a NNN lease with expenses passed through to the
tenants.
income, a location within the strongest retail submarket in northern Nevada, and a building that has been invested in by the landlord and tenants.
There are two suites: Renew MD and Talbott Plastic Surgery. Talbott Plastic Surgery recently built a 806SF surgery center within their suite. The property
is generating over $262,000 per year in net income. The leases have annual increases in base rent and a NNN lease with expenses passed through to the
tenants.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,712 SF
Building Class
C
Year Built
1983
Price
$6,000,000
Price Per SF
$617.79
Cap Rate
4.41%
NOI
$264,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,712 SF
Building FAR
0.30
Lot Size
0.75 AC
Zoning
MUCC
Parking
15 Spaces (1.54 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 025-372-34 | Improvements Assessment | $342,783 |
| Land Assessment | $240,588 | Total Assessment | $583,371 |
Property Taxes
Parcel Number
025-372-34
Land Assessment
$240,588
Improvements Assessment
$342,783
Total Assessment
$583,371
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5060 Meadowood Mall Cir
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