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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 a 100% fully leased net leased investment for sale. 5060 Meadowood Mall Circle is a rare opportunity for long-term
income, stable medical office tenancy and a location within the strongest retail submarket in northern Nevada. The building that has been invested in by the landlord and tenants. There are two tenants: 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. Please call brokers for financial information.
income, stable medical office tenancy and a location within the strongest retail submarket in northern Nevada. The building that has been invested in by the landlord and tenants. There are two tenants: 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. Please call brokers for financial information.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,712 SF
Building Class
B
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)
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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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