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5405 Mae Anne Ave 30,178 SF 36% Leased Office Building Reno, NV 89523 $4,400,000 ($145.80/SF)

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INVESTMENT HIGHLIGHTS

  • Income generating the Western half is leased until 6/30/26

EXECUTIVE SUMMARY

Colliers is pleased to present 5405 Mae Anne Avenue for sale. This 19,286 square foot, freestanding office building is located on 1.72 acres in Northwest Reno. Originally constructed in 1986 for an engineering firm, the building features a combination of professional office space, and an engineering lab area with a fireproof room. Recent improvements include updated restrooms and new flooring in the approximately 7,300 square foot eastern wing, which can be leased separately from the western wing. Currently configured for single-tenant use, the building can be easily modified to accommodate multiple tenants. The property offers modern amenities, including 10G internet access through AT&T fiber and Spectrum, as well as scenic mountain views and office balconies on the second floor. The site boasts ample parking, with 83 spaces available (4.3 spaces per 1,000 square feet) on both the north and south sides, along with additional off-site parking under a transferable lease.
An income-producing lease is in place for the western portion of the building, generating $15,000 per month, and this lease runs through 6/30/2026. The building is zoned as Professional Office (PO) and is accessible from both Mae Anne Avenue and W 7th Street. Additional Land is available for purchase, inquire with Broker for details on this adjacent 0.73 acre lot with frontage on Mae Anne (APN: 204-020-30).
**The building is also available for lease. 7,300 SF available. Reach out for more information.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,178 SF
Building Class
C
Year Built
1993
Price
$4,400,000
Price Per SF
$145.80
Percent Leased
36%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,089 SF
Building FAR
0.40
Lot Size
1.72 AC
Zoning
PO - Professional Office
Parking
83 Spaces (2.75 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Fiber Optic Internet

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 11,997 SF
  • Office
  • Full Build-Out
  • Jul 2026

Professional office space available for lease at 5405 Mae Anne Avenue in Northwest Reno. This 19,286 SF freestanding building is on ±1.72 acres and features updated restrooms, new flooring. Each available suite can be occupied independently from the other portion. Tenants benefit from ample on-site parking (4.3/1,000 SF) with overflow spaces available via a supplemental parking lease. The building offers 10G Internet connectivity (AT&T fiber and Spectrum), scenic second-floor mountain views, and several private balconies. ADA entrances on both the North and South. Zoned Professional Office (PO) with access from both Mae Anne Avenue and W 7th Street, this location supports a wide range of professional uses. **The whole building is also available for SALE. Reach out for more information.

  • 1st Fl-Ste 101
  • 7,289 SF
  • Office
  • Full Build-Out
  • Now

Professional office space available for lease at 5405 Mae Anne Avenue in Northwest Reno. Part of a 19,286 SF freestanding building on ±1.72 acres, this recently improved eastern wing features updated restrooms, new flooring, and can be occupied independently from the western portion. Tenants benefit from ample on-site parking (4.3/1,000 SF) with overflow spaces available via a supplemental parking lease. The building offers 10G internet connectivity (AT&T fiber and Spectrum), scenic second-floor mountain views, and several private balconies. Zoned Professional Office (PO) with access from both Mae Anne Avenue and W 7th Street, this location supports a wide range of professional uses. **The whole building is also available for SALE. Reach out for more information.

Space Size Space Use Condition Available
1st Fl-Ste 100 11,997 SF Office Full Build-Out Jul 2026
1st Fl-Ste 101 7,289 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
11,997 SF
Space Use
Office
Condition
Full Build-Out
Available
Jul 2026

1st Fl-Ste 101

Size
7,289 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 11,997 SF
Space Use Office
Condition Full Build-Out
Available Jul 2026

Professional office space available for lease at 5405 Mae Anne Avenue in Northwest Reno. This 19,286 SF freestanding building is on ±1.72 acres and features updated restrooms, new flooring. Each available suite can be occupied independently from the other portion. Tenants benefit from ample on-site parking (4.3/1,000 SF) with overflow spaces available via a supplemental parking lease. The building offers 10G Internet connectivity (AT&T fiber and Spectrum), scenic second-floor mountain views, and several private balconies. ADA entrances on both the North and South. Zoned Professional Office (PO) with access from both Mae Anne Avenue and W 7th Street, this location supports a wide range of professional uses. **The whole building is also available for SALE. Reach out for more information.

1st Fl-Ste 101

Size 7,289 SF
Space Use Office
Condition Full Build-Out
Available Now

Professional office space available for lease at 5405 Mae Anne Avenue in Northwest Reno. Part of a 19,286 SF freestanding building on ±1.72 acres, this recently improved eastern wing features updated restrooms, new flooring, and can be occupied independently from the western portion. Tenants benefit from ample on-site parking (4.3/1,000 SF) with overflow spaces available via a supplemental parking lease. The building offers 10G internet connectivity (AT&T fiber and Spectrum), scenic second-floor mountain views, and several private balconies. Zoned Professional Office (PO) with access from both Mae Anne Avenue and W 7th Street, this location supports a wide range of professional uses. **The whole building is also available for SALE. Reach out for more information.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
204-020-31
Land Assessment
$197,182
Improvements Assessment
$687,934
Total Assessment
$885,116
  • Listing ID: 35926646

  • Date on Market: 5/21/2025

  • Last Updated:

  • Address: 5405 Mae Anne Ave, Reno, NV 89523

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