151 Country Estates Cir
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151 Country Estates Cir
6,716 SF Office Building Reno, NV 89511 $2,686,000 ($400/SF) 6% Cap Rate
Investment Highlights
- Investment opportunity with long-term tenant in place
- Built in 2005 and maintained perfectly by the current tenant
- Located in a convenient area in the Southwest area of Reno, Nevada
- 1031 Exchange Opportunity
Executive Summary
Free Standing Building - NNN Single Tenant Fully Leased for over 10 years now, currently signed additional 5 year lease until 2028. Current long-term tenant is responsible for all operating expenses including CAM, taxes, insurance, and maintenance for the property provided by the tenant.
- 1031 Exchange Opportunity
- Purchase Price: $2,686,000
- ±6,716 SF Freestanding Building
- Nationwide Tenant - Veritext Legal Solution
- County Quail Estates Office Park, Reno, Nevada
*The sales price is based on an annual net operating income (NOI) of $161,184 at 6% CAP NNN Lease.
- 1031 Exchange Opportunity
- Purchase Price: $2,686,000
- ±6,716 SF Freestanding Building
- Nationwide Tenant - Veritext Legal Solution
- County Quail Estates Office Park, Reno, Nevada
*The sales price is based on an annual net operating income (NOI) of $161,184 at 6% CAP NNN Lease.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
6,716 SF
Building Class
B
Year Built
2005
Price
$2,686,000
Price Per SF
$400
Cap Rate
6%
NOI
$161,184
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,716 SF
Building FAR
0.99
Lot Size
0.16 AC
Zoning
PO - Office Use
Parking
14 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 043-331-06 | Improvements Assessment | $328,202 |
| Land Assessment | $162,191 | Total Assessment | $490,394 |
PROPERTY TAXES
Parcel Number
043-331-06
Land Assessment
$162,191
Improvements Assessment
$328,202
Total Assessment
$490,394
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151 Country Estates Cir
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