880 Ryland St
Reno, NV 89502
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Close proximity to Reno Medical Hub
- Ample Parking
- Single medical tenant
EXECUTIVE SUMMARY
LOGIC Commercial Real Estate is pleased to present for sale 880 Ryland St, located in central Reno directly adjacent to the Renown Medical campus, 880 Ryland consists of +/- 15,285 SF of medical space which is currently leased by Gastroenterology Consultants. The asset is situated on a +/- 1.36 AC parcel with ample parking and convenient access into the Reno Downtown corridor. 880 Ryland St is in close proximity to Downtown, Midtown, as well as the Saint Mary's Medical Venter. Within a 5-mil radius, this asset services a population of +/- 254,817 people with an annual average household income of +/- $95,501.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,285 SF
Building Class
B
Year Built
2000
Price
$10,414,000
Price Per SF
$681.32
Cap Rate
5.50%
NOI
$572,770
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,285 SF
Building FAR
0.26
Lot Size
1.36 AC
Zoning
MUWM
Parking
69 Spaces (5.15 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Kitchen
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Reception
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 013-021-44 | Improvements Assessment | $1,099,871 |
| Land Assessment | $409,501 | Total Assessment | $1,509,372 |
