• Airport Commerce Center - 1335-1375 Airmotive Way, Reno, NV 89502

For Sale

Industrial

For Sale

This property is available for sale
1.3
Acres
$2,850,000
Sale Price
  • Year Built
    1976
  • Total Building Size
    26,624 RSF
  • Overview

    Only about 800 feet from the Villanova on-ramp to I-580 and 2,100 feet from the Reno-Tahoe International Airport entrance at Plumb Lane, the property is located outside the flood zone and has excellent visibility from northbound freeway traffic. The 26,624 SF Two-Story Industrial Office Building was built in 1976 with masonry exterior walls. Excellent visibility from I-580, which has an average of 173,000 vehicles per day. Fully occupied, the tenants are: Sherwin Williams; Academy of Grappling Arts (AGA) Charles Gracie: Brazilian Jiu-Jitsu Academy; and Koinonia: Foster Homes & Family Services. There is ample on-site parking around the entire building. Averaging 98% occupancy since 2007, the property offers a strong history of steady cash-flow. Additionally, because tenants currently operate under older leases that were created earlier in the market cycle, there is opportunity to grow cash-flow by moving tenants to current market rates on NNN leases.

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Property Details

Only about 800 feet from the Villanova on-ramp to I-580 and 2,100 feet from the Reno-Tahoe International Airport entrance at Plumb Lane, the property is located outside the flood zone and has excellent visibility from northbound freeway traffic. The 26,624 SF Two-Story Industrial Office Building was built in 1976 with masonry exterior walls. Excellent visibility from I-580, which has an average of 173,000 vehicles per day. Fully occupied, the tenants are: Sherwin Williams; Academy of Grappling Arts (AGA) Charles Gracie: Brazilian Jiu-Jitsu Academy; and Koinonia: Foster Homes & Family Services. There is ample on-site parking around the entire building. Averaging 98% occupancy since 2007, the property offers a strong history of steady cash-flow. Additionally, because tenants currently operate under older leases that were created earlier in the market cycle, there is opportunity to grow cash-flow by moving tenants to current market rates on NNN leases.

  • Property Type
    Industrial
  • Submarket
  • Year Built
    1976
  • Sale Price
    $2,850,000
  • Total Building Size
    26,624RSF
  • Total Acres
    1.3
  • Sale Status
    Available
  • Last updated
    May 23, 2018
  • Property ID
    2009185

Landlord's Sales Representatives

  • bwiele@naialliance.com
     
  • chouston@naialliance.com
     
  • Dan Oster, SIOR
    NAI Alliance
     
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