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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. 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-19,286 SF available. Reach out for more information.
**The building is also available for lease. 7,300 SF-19,286 SF available. Reach out for more information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,286 SF
Building Class
C
Year Built
1993
Price
$4,146,490
Price Per SF
$215
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,643 SF
Building FAR
0.26
Lot Size
1.72 AC
Zoning
PO - Professional Office
Parking
83 Spaces (4.3 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
- Balcony
- Fiber Optic Internet
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 204-020-31 | Improvements Assessment | $680,818 |
| Land Assessment | $210,328 | Total Assessment | $891,145 |
Property Taxes
Parcel Number
204-020-31
Land Assessment
$210,328
Improvements Assessment
$680,818
Total Assessment
$891,145
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5405 Mae Anne Ave
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