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880 Ryland St 15,285 SF 100% Leased Office Building Reno, NV 89502 $9,930,000 ($649.66/SF) 6% Cap Rate
Investment Highlights
- NNN Medical Leased Investment
- Long-term Lease
- Single Tenant
Executive Summary
LOGIC Commercial Real Estate is please to present for sale 880 Ryland Street. Located in central Reno directly adjacent to the Renown Medical Campus, 880 Ryland consists of +/- 15,285 SF of medical office space which is currently leased by Gastroenterology Consultants. The asset is situated on a +/- 1.36 AC parcel with ample parking and convenient access into the Reno Downtown corridor. 880 Ryland Street is in close proximity to Downtown, Midtown, as well as the Saint Mary's Medical Center. Within a 5-mile radius, this asset services a population of +/- 254,817 people with an annual average household income of +/- $95,501
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,285 SF
Building Class
B
Year Built
2000
Price
$9,930,000
Price Per SF
$649.66
Cap Rate
6%
NOI
$595,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,285 SF
Building FAR
0.26
Lot Size
1.36 AC
Zoning
MUWM
Parking
69 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Kitchen
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Reception
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
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Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 013-021-44 | Improvements Assessment | $1,094,086 |
| Land Assessment | $428,114 | Total Assessment | $1,522,201 |
Property Taxes
Parcel Number
013-021-44
Land Assessment
$428,114
Improvements Assessment
$1,094,086
Total Assessment
$1,522,201
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880 Ryland St
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