245 Coney Island Dr

The Reno/Sparks market offers the most compelling occupancy cost economics, and one of the largest spreads to recovery in the Western U.S., in-place rents average 20% below current market; and local market rents are below other investable western industrial markets.
The 245 Coney Industrial offering offers the rare opportunity to acquire a highly-functional, dock-high, multi-tenant and infill industrial/warehouse facilitiy in the rapidly-growing Reno/Sparks market area.
Totaling 71,427 square feet, and 64.2.% occupied, the offering is located on a fee-simple parcel, including two suites (one at 45,884 square feet and the other at 25,543 square feet).
The property’s physical divisibility and build-out perfectly accommodates the dominant type of tenant demand in the local market, which is the mid-bay-sized (10,000-50,000 square foot), dock-high industrial/distribution and manufactuing users.
The property’s central location, attractive size, diversified tenant mix, under-market rents, and 22’-24' clear, dock-high front-loading space combine to provide a highly-compelling industrial investment at attractive yields and pricing relative to other west coast infill markets.