Industrial For Sale in 89511
3 results
Address
Asking Price
SELF STORAGE BUILDING FOR SALE
10650 S Virginia St
Reno, NV
Lot Size:1.64Acres
Colliers National Self-Storage Group has been retained as the exclusive advisor by the ownership to offer for sale the Extra Self Storage properties located at 30 East Victorian Avenue, Sparks and 10650 South Virginia Street, Reno.
These assets represent two high quality, well maintained self-storage facilities in the Reno/Sparks market. Combined facilities offer 98,565 net rentable square feet in 900 units, plus 14 parking spaces for a total of 914 units. The Reno facility was built in 2005 and is currently at 97% occupancy and the Sparks facility was built in 1996 is at 99% occupancy.
Based on a projected year 1 net operating income of $680,200 the current value of these facilities ranges between $14.5 – 15.0 million. Asking price of $14,500,000 represents a CAP rate of 4.7% on in-place rents and 5.3% CAP rate on projected 2022 NOI. Rents are on average approximately 78% of published street rents for the market.
These assets are being offered free and clear of any existing debt.
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8555 Double R Boulevard
8555 Double R Blvd
South Reno, Reno, NV
Building Size:15,000SF
$524,850
3740 Barron Way
South Reno, Reno, NV
$3,480,000
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Market Stats
89511 has 157 commercial real estate spaces for lease, representing 1,001,919 sqft space.
40 buildings are available for sale.
In the past 30 days, 89511 has had 48 spaces leased.
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