This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5100 Grey Van Rd
Reno, NV 89510
Agricultural / Horse property · Land For Sale
·
112.11 AC
INVESTMENT HIGHLIGHTS
- Triple Net Sale/Leaseback
- 1031 Exchange opportunity with defined exit
- 7% CAP rate
- 12 Miles North of Spanish Springs
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Agricultural | Total Lot Size | 112.11 AC |
| Zoning | GRA - General Rural Agricultural | ||
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | Commercial |
| Total Lot Size | 112.11 AC |
| Zoning | GRA - General Rural Agricultural |
DESCRIPTION
LOGIC Commercial Real Estate is pleased to offer for sale a large ranch in Palomino Valley, just 30 minutes outside of Reno, NV.? This property is available with a seller leaseback at a 7% Cap Rate.? This +/- 112.11 AC ranch has multiple buildings, including a large +/- 28,000 SF steel equestrian arena, +/- 2,000+ SF 4-bedroom home, and airplane hangar.? The current owner's business will sign a 5-year lease with a renewal option and pay rent ahead annually.? The firm is also seeking an option to purchase the property back between years 3 and 6.? This opportunity offers an ideal opportunity for 1031 exchange buyers looking for high returns and a defined exit strategy.?
