850 Mill St | Reno, NV 89502
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- LoopNet Team
850 Mill St
Reno, NV 89502
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent location across from Renown’s regional hospital campus, the biggest hospital in the region, with 946 licensed beds.
- Stable cash flow at 90.2% occupancy offers value-add potential by leasing the fully renovated remaining vacant suite.
- Building’s strategic location is close to Interstate 580, the Wells transportation corridor, and Interstate 80.
- The building comes with a rare extra parcel of land, which can be developed into another medical office building.
- Numerous recent interior upgrades and tenant improvements. Additional recent leasing activity at the building signifies strong tenant demand.
- Tax free state with attractive business climate going through unprecedented growth with advanced manufacturing, healthcare industries at forefront.
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
21,165 SF
Building Class
B
Year Built
1973
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,055 SF
Building FAR
0.59
Lot Size
0.83 AC
Zoning
MU - Mixed Use - Urban
Parking
150 Spaces (7.09 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $503,342 | |
| Land Assessment | $269,121 | Total Assessment | $772,464 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$269,121
Improvements Assessment
$503,342
Total Assessment
$772,464
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