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9520 Prototype Ct 3,131 SF Office Building Reno, NV 89521 $1,500,000 ($479.08/SF)
Investment Highlights
- Seller Financing Available
- Fully Built-Out with Heavy Office Layout
- Vacancy is 53% Allowing it to Qualify for SBA Financing
- 5 Year Lease On 40% of the Property
- Partially Leased Investment
- NOI of $26,363 Estimated
Executive Summary
Colliers is pleased to present 9520 Prototype Drive in Reno, NV for sale. The 3,124 square foot single level office building is an ideal opportunity for a user looking to occupy space while receiving income. 47% leased to Sierra Therapy Group leaving 53% vacant. The building will generate $43,296 gross (rent + CAM) on 47% of the building. After expenses are deducted, the building generates $26,363 net income while an owner can occupy or backfill the vacant 1,675 square foot suite 200.
Built in 2002 but remodeled by the current owner with a heavy office build-out. The Prototype Court Association office park the property is located within is professionally managed and well maintained. The property has outstanding curb appeal and is visible and easily accessible from Gateway Drive and Prototype Drive. The Property is well located in the South Reno Submarket with access from Gateway Drive with easy access to I-580 as well as restaurants, hotels, other professional services, workforce, and executive housing.
Built in 2002 but remodeled by the current owner with a heavy office build-out. The Prototype Court Association office park the property is located within is professionally managed and well maintained. The property has outstanding curb appeal and is visible and easily accessible from Gateway Drive and Prototype Drive. The Property is well located in the South Reno Submarket with access from Gateway Drive with easy access to I-580 as well as restaurants, hotels, other professional services, workforce, and executive housing.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
3,131 SF
Building Class
C
Year Built
2002
Price
$1,500,000
Price Per SF
$479.08
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,124 SF
Building FAR
1.03
Lot Size
0.07 AC
Zoning
PD - Planned Development
Parking
30 Spaces (9.58 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 163-170-04 | Improvements Assessment | $138,041 |
| Land Assessment | $71,071 | Total Assessment | $209,112 |
Property Taxes
Parcel Number
163-170-04
Land Assessment
$71,071
Improvements Assessment
$138,041
Total Assessment
$209,112
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