East Moana Center | 1295 E Moana Ln
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East Moana Center 1295 E Moana Ln
9,100 SF Retail Building Reno, NV 89502 $3,900,000 ($429/SF) 3.97% Cap Rate
Investment Highlights
- Signalized corner
- Synergistic tenant mix with local favorites catering to the specific demands of the local customer
- Property built in 2005 is fully fire sprinklered
- Dynamic central location by the Reno Airport
- Strong traffic counts
- Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Executive Summary
Multiple tenant building with 2 commercial kitchens, private parking lot. Current tenants are on flexible short term leases in the event an owner user wishes to occupy a unit for his purposes. Dynamic new development in close proximity (across the street)!
Possible owner financing with a strong down payment
Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Property built in 2005 is fully fire sprinklered
SELLER LICENSEE DISCLOSURE OF INTEREST: Pursuant to NRS 645.252 (1) (c). Listing Broker discloses that he has a direct interest (as a principal) in this transaction. Vikas (Vik) Bhatia is a licensed Real Estate Broker in the State of Nevada - LICENSE # B.26908 - Vantage Real Properties LLC
Possible owner financing with a strong down payment
Reno-Mixed-Use Airport Zoning allows for a wide range of uses
Property built in 2005 is fully fire sprinklered
SELLER LICENSEE DISCLOSURE OF INTEREST: Pursuant to NRS 645.252 (1) (c). Listing Broker discloses that he has a direct interest (as a principal) in this transaction. Vikas (Vik) Bhatia is a licensed Real Estate Broker in the State of Nevada - LICENSE # B.26908 - Vantage Real Properties LLC
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2005
Price
$3,900,000
Price Per SF
$429
Cap Rate
3.97%
NOI
$155,000
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.25
Land Acres
0.82 AC
Zoning
MA - Reno-Mixed-Use Airport
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 020-231-32 | Improvements Assessment | $324,117 |
| Land Assessment | $143,483 | Total Assessment | $467,600 |
PROPERTY TAXES
Parcel Number
020-231-32
Land Assessment
$143,483
Improvements Assessment
$324,117
Total Assessment
$467,600
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Vikas Vik Bhatia - Vantage Real Properties LLC
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East Moana Center | 1295 E Moana Ln
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