For Sale
$21,064,000

10619 Professional Cir Reno, NV 89521

High-Yield NNN Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity featuring a portfolio of two Class B medical office buildings totaling 32,916 square feet, situated in prime Reno, Nevada locations. The portfolio is 100% occupied by GI Consultants under absolute NNN leases, offering significant long-term stability. 880 Ryland Street, a 15,285 square foot building constructed in 2007, is located in central Reno adjacent to the Renown Medical Campus, offering convenient access to downtown and ample parking on a 1.36-acre parcel. The lease has approximately 55 months remaining. 10619 Professional Circle, a 17,631 square foot building constructed in 2000, is located in South Reno, featuring a full endoscopy center and boasting excellent visibility from US Highway 395. This building sits on a 2.01-acre parcel with ample parking and is near Renown's South Meadows and the Northern Nevada Sierra Medical Center. The lease on this property has approximately 96 months remaining. Both properties benefit from MU and PD zoning. The asking price for this exceptional net lease investment is $21,064,000. This portfolio presents a compelling opportunity for investors seeking strong cash flow and long-term appreciation in a thriving medical market. The properties are single-story buildings with a combined total of two buildings.

Highlights

  • Two Class B medical office buildings totaling 32,916 square feet in prime Reno, NV locations.
  • 100% occupied by GI Consultants under absolute NNN leases.
  • 880 Ryland St: 15,285 SF, 55 months remaining on lease, adjacent to Renown Medical Campus.
  • 10619 Professional Circle: 17,631 SF, 96 months remaining on lease, near Renown South Meadows and Northern Nevada Sierra Medical Center.
  • Asking price: $21,064,000.

Property Details for 10619 Professional Cir

Property type
Office properties, Medical offices
Square Feet
32,916 SF
Class
B
Buildings
2
Stories
1

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.4263863
Longitude
-119.7543741

FAQs

What type of property is this?
Office property - High-Yield NNN Investment, 100% Occupied
Where is the office property located?
The property is located at 10619 Professional Cir Reno, NV.
What is the asking price?
The asking price for this property is $21,064,000.
What are key features of this property?
This property features: Two Class B medical office buildings totaling 32,916 square feet in prime Reno, NV locations.; 100% occupied by GI Consultants under absolute NNN leases.; 880 Ryland St: 15,285 SF, 55 months remaining on lease, adjacent to Renown Medical Campus.
How can I contact the broker?
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10619 Professional Cir
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