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5100-1 Grey Van Rd - EQUISTERIAN PROPERTY 37,000 SF Specialty Building Offered at $1,990,000 at a 6.90% Cap Rate in Reno, NV 89510
INVESTMENT HIGHLIGHTS
- Airstrip
- Residential studio cabin.
EXECUTIVE SUMMARY
Indoor Roping Arena (metal frame): 28,800 SF with office space, breakout room, tech room, and 14 horse
stalls, built-in 2007.
Single Family Home: 2,052 SF with a 3 BR, 2 bath, and detached garage, built in 2003.
Hangar: 4,640 Sf divided into, a +/- 3,800 SF storage area, and 850 SF +/- residential unit of 2 BR, 2 bath & a
den, built in 1994.
Tenant occupied with 10 year lease (with 90 days option to terminate).
Property is entitled to 2 acre feet annually from the domestic well.
2 fenced pens and 2 round-pin arenas .
31 horse stalls with a heated water delivery system.
Residential studio cabin.
Septic & Well
Large pond
Airstrip
Income: Monthly base rent $10,500 + $1,000 NNN
stalls, built-in 2007.
Single Family Home: 2,052 SF with a 3 BR, 2 bath, and detached garage, built in 2003.
Hangar: 4,640 Sf divided into, a +/- 3,800 SF storage area, and 850 SF +/- residential unit of 2 BR, 2 bath & a
den, built in 1994.
Tenant occupied with 10 year lease (with 90 days option to terminate).
Property is entitled to 2 acre feet annually from the domestic well.
2 fenced pens and 2 round-pin arenas .
31 horse stalls with a heated water delivery system.
Residential studio cabin.
Septic & Well
Large pond
Airstrip
Income: Monthly base rent $10,500 + $1,000 NNN
PROPERTY FACTS
| Price | $1,990,000 | Building Class | B |
| Price Per SF | $53.78 | Lot Size | 113.23 AC |
| Sale Type | Investment | Building Size | 37,000 SF |
| Cap Rate | 6.90% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2003 |
| Property Subtype | Airplane Hangar | Parking Ratio | 0.78/1,000 SF |
| Zoning | GRA - Agriculture Ranch. | ||
| Price | $1,990,000 |
| Price Per SF | $53.78 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Property Type | Specialty |
| Property Subtype | Airplane Hangar |
| Building Class | B |
| Lot Size | 113.23 AC |
| Building Size | 37,000 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | GRA - Agriculture Ranch. |
AMENITIES
- Air Conditioning
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5100-1 Grey Van Rd - EQUISTERIAN PROPERTY
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