222 California Ave
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222 California Ave
8,300 SF 50% Leased Office Building Reno, NV 89509 $3,420,000 ($412/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Reno location
- Excellent Owner/User & Investment Opportunity.
EXECUTIVE SUMMARY
Excellent Owner/User & Investment Opportunity. Prime Downtown Reno location, ripe with redevelopment and exceptional retail/restaurant nearby. Fifteen of the sixteen suites on the second story are currently occupied, generating ~ $34,250 annually. Floor plates total 4,150 SF. Basement, not included in SF, allows for additional storage and filing space. APN's 11-221-04 & 011-221-08 are both included in sale, which comes with 21+ parking stalls. Zoned MD-RD on .17 acres.
SALE FLYER
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,300 SF
Building Class
C
Year Built
1960
Price
$3,420,000
Price Per SF
$412
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,150 SF
Building FAR
1.11
Lot Size
0.17 AC
Zoning
MD-RD - Office use
Parking
21 Spaces (2.53 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (84)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
21,351
134,201
239,355
2024 Population
21,057
136,177
241,084
Population Growth '20-'24
-1.4%
1.5%
0.7%
2020 Households
12,094
57,746
98,980
2024 Households
11,886
58,442
99,617
Household Growth '20-'24
-1.7%
1.2%
0.6%
Average Age
43
39
39
Median Household Income
$44,087
$52,313
$61,236
Daytime Employees
36,233
103,216
170,057
Total Businesses
4,448
10,788
17,281
College Degree + Higher
31%
26%
26%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $144,009 | |
| Land Assessment | $100,493 | Total Assessment | $244,502 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$100,493
Improvements Assessment
$144,009
Total Assessment
$244,502
SALE ADVISORS
SALE ADVISORS
Ro Azulay, CCIM, Commercial/Residential Agent
(775) 525-3000
Contact
Ro's journey from the heart of Israel to the vibrant city of Reno, where he resides with his wife and two children, is as diverse as it is impressive. Ro’s diverse career as a Major in the Israel Defense Force, with more than 20 years of experience in the Search and Rescue field assisting those in need throughout the globe, has given him tremendous perspective. Service to others has always been a significant and integral part of Ro’s life, evident in his volunteering to various organizations. These experiences not only shaped his leadership skills but also his unique approach to real estate. After transitioning from the military, with a BA in Business and Marketing, Ro climbed the ranks to become the Vice President of a real estate holding company. This role allowed him to cultivate a professional style founded on respect and integrity.
Ro has successfully marketed and managed complex sales for more than 12 years, overseeing a large number of residential and commercial transactions. His sharp negotiation skills and adept budget management, handling budgets in the tens of millions of dollars, have boosted profits and opened new opportunities for countless clients. In addition to his wealth of experience, Ro also brings certified expertise to the YaYa Group. As a CCIM Designee (Certified Commercial Investment Member), a title earned through rigorous training and a slew of successful transactions, he is well-equipped to navigate the intricacies of the real estate market. Whether you're looking to settle into a new home or step up your investment game, Ro's blend of grassroots dedication and high-level expertise makes him your go-to professional in the real estate world.
Ro has successfully marketed and managed complex sales for more than 12 years, overseeing a large number of residential and commercial transactions. His sharp negotiation skills and adept budget management, handling budgets in the tens of millions of dollars, have boosted profits and opened new opportunities for countless clients. In addition to his wealth of experience, Ro also brings certified expertise to the YaYa Group. As a CCIM Designee (Certified Commercial Investment Member), a title earned through rigorous training and a slew of successful transactions, he is well-equipped to navigate the intricacies of the real estate market. Whether you're looking to settle into a new home or step up your investment game, Ro's blend of grassroots dedication and high-level expertise makes him your go-to professional in the real estate world.
YaYa Jackoby, CCIM
(775) 223-4795
Contact
YaYa was born and raised in Israel, where he served as a Navy Seal in the submarine division and later he attended the Technion Institute in Haifa and earned his Engineering Degree.
Throughout his career as a yacht skipper, a pilot, and a former marketing Vice President of Rav-Bariach, a worldwide leader security company, YaYa gained a diverse experience that required high level of loyalty, trust, and integrity, combined with a unique welcoming approach towards people.
In 2005, YaYa relocated to Reno-Lake Tahoe area with his spouse, where he earned is Nevada and California Real Estate Licenses.
Throughout his career as a yacht skipper, a pilot, and a former marketing Vice President of Rav-Bariach, a worldwide leader security company, YaYa gained a diverse experience that required high level of loyalty, trust, and integrity, combined with a unique welcoming approach towards people.
In 2005, YaYa relocated to Reno-Lake Tahoe area with his spouse, where he earned is Nevada and California Real Estate Licenses.
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