Building

Investment Description

This Wells Avenue project is one of the few remaining infill sites inside the McCarran Avenue ring. Consisting of 10.77 acres of a combination of MF30 and MU zoning, the location is ideal for multifamily housing. The tenant occupied area has a ground lease to an environmental recycle company with approximately 5 years remaining, which could allow for a developer to complete a project in two phases while receiving triple net rents on a portion of the site.

Notes

- Includes a ground lease for Reno Rendering.

Approximately 5 years remaining

Lease is triple net

Annual rent is $96,000
Lease has no options for renewal

Lease has right of first refusal

- Price includes 4 houses on Winston Dr. for purposes of access.

Downloads

Offering Memorandum

Download

Team

Reed Simmons

Reed Simmons

Vice President
Avison Young - US - NV - Reno | Western Alliance Commercial Inc.
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