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100 North Sierra Street 100 N Sierra St
55,626 SF 65% Leased 4-Star Office Building Reno, NV 89501 $10,500,000 ($189/SF)
Investment Highlights
- In the heart of the downtown business and entertainment district.
- Value-add opportunity with existing cash flow in place.
- Three-story mixed use building includes the Liberty Food & Wine Exchange & Reno Axe and Social.
- In 2020 ownership completed major building renovations.
Executive Summary
100 N Sierra is located on the heavily traveled corner of W. 1st Street and N. Sierra Street with excellent visibility and signage opportunities. This is the heart of the downtown business and entertainment district, the property is a short walk from a wide range of restaurant, retail and hotel amenities. The three-story mixed use building includes the Liberty Food & Wine Exchange owned and operated by local celebrity Chef Mark Estee on the 1st floor, along with Reno Axe & Social, a popular entertainment concept. The 2nd floor consists of four completely renovated modern office suites ranging from 1,535 SF to 5,019 SF. The 3rd floor totals 13,875 SF and is in shell condition and ready for improvements.
The basement of the property is 100% occupied and includes a large-scale commercial kitchen to prep foods for Liberty Artisan Meats. A newly renovated passenger elevator provides access to all floors from a secured lobby.
In addition, there is a freight elevator that provides access to all floors with easy alley access for loading. Parking for the building is located directly across the street in the City of Reno owned parking garage that consists of approximately 650 parking stalls, with more than ample availability during normal business hours. Parking agreements with the City of Reno can be secured for tenants of the building as well.
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Signage
- Skylights
- Accent Lighting
- Basement
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Plug & Play
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully Furnished Suite Available for Occupancy. Short and flexible lease terms. Swing space also available. Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
Fully Furnished Suites Available for Occupancy. Short and flexible lease terms available. Swing Space Available. Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 3,655 SF | Office | Spec Suite | Now |
| 2nd Fl-Ste 240 | 1,897 SF | Office | Spec Suite | Now |
| 3rd Floor | 6,000-13,875 SF | Office | - | Now |
2nd Fl-Ste 200
| Size |
| 3,655 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 1,897 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
3rd Floor
| Size |
| 6,000-13,875 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 200
| Size | 3,655 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Fully Furnished Suite Available for Occupancy. Short and flexible lease terms. Swing space also available. Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
2nd Fl-Ste 240
| Size | 1,897 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Fully Furnished Suites Available for Occupancy. Short and flexible lease terms available. Swing Space Available. Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
3rd Floor
| Size | 6,000-13,875 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Recent improvements to building include new lobby, new exterior windows, a new HVAC system, modernized elevator, new roof, and fully improved basement.
PROPERTY TAXES
| Parcel Number | 011-061-09 | Improvements Assessment | $1,015,167 |
| Land Assessment | $147,000 | Total Assessment | $1,162,167 |
PROPERTY TAXES
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100 North Sierra Street | 100 N Sierra St
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