For Sale
$4,888,225

865 Deming WaySparks, NV 89431

Multi-tenant warehouse, 23,845 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, multi-tenant industrial warehouse totaling 23,845 square feet, situated on a 1.06-acre lot in Sparks, Nevada. The property, located at 865-871 Deming Way, boasts a prime location within the Sparks Industrial submarket, surrounded by over 500 businesses and a substantial daytime population exceeding 9,500. Built in 1978 and extensively renovated in 2023, the property features a new roof, resurfaced and restriped parking lot, fresh interior and exterior paint, and complete tenant improvements. The single-story building offers convenient access with three drive-in doors and one dock-high door. Currently leased to two tenants under NNN leases with a remaining term of 4.2 years, the leases include 4% annual rent bumps, ensuring consistent income growth. The property's zoning is I (Industrial), and the asking price is $4,888,225, translating to $205 per square foot and $2,444,112.50 per unit. The low vacancy rate in this submarket, averaging 2.68% over the past year, underscores the strong demand for industrial space in this area. This property presents a compelling investment opportunity, offering a stable income stream and significant potential for future appreciation. The 20-foot ceiling height adds to the functionality and appeal of this well-maintained and strategically located warehouse.

Highlights

  • 2022/2023 complete interior and exterior renovation.
  • Two-tenant industrial building with NNN leases.
  • Available individually or as part of a larger 74,793 SF portfolio.

Property Details for 865 Deming Way

Property type
Warehouses, Industrial properties
Square Feet
23,845 SF
Year Built/Renovated
1978/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF
Units
2

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.5258088
Longitude
-119.7224245
865 Deming Way, Sparks, Nevada

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865 Deming Way
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