SOLD: 12,260 SF Investment Property

Property Specifics

12,260 SF

Price $3,748,000

Zoning: MU

Land Parcel: 0.282 Acres

Property Address

500 Damonte Ranch Pkwy

Building #700

Reno NV, 89521

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This Class A office building — located in South Meadows’ Damonte Ranch, a growing and prestigious area of Reno, Nevada — is 100% occupied. The property is in an attractive, well maintained community, where communal courtyards and superb landscaping create a tranquil and peaceful work environment.

Damonte Ranch is south of Reno, and situated directly off US-580. The location is excellent, with approximately 2,100 new homes under construction to the East of the development and growing retail across the road — the amenities are in abundance with direct access to public transportation, retail, restaurants, banks and national outlets.

The current A+ credit tenant has been in their unit 735 for over fifteen years. A new seven year lease commences in unit 765 in November 2018.

Net Operating Income
November 2018 – October 2019
Income: $326,636
Management: $11,353.85
Real Property Taxes: $20,000
Association Dues: $32,235
Net Operating Income $228,860

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  • Professional, well maintained class A office building
  • High-end location
  • 100% Occupied
  • Close to freeway
  • In a growing area
  • On bus route
  • Well maintained by Association

Property Photos / Images