For Sale
$4,900,000

910 Glendale AveSparks, NV 89431

Multi-tenant industrial property, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 22,968 square foot industrial complex, located at 910 Glendale Ave in Sparks, Nevada (89431), presents a compelling investment opportunity. The property boasts two buildings totaling 22,968 square feet of net rentable space, currently 50% occupied by two tenants with month-to-month leases, generating a current annual income of $14,000. Building A features a newly renovated 4,800 square foot showroom and office space, along with a 6,000 square foot industrial metal building containing three 2,000 square foot units with 12x14 roll-up doors and 24-foot ceilings. Building B comprises four units of varying sizes, all equipped with roll-up doors and bathrooms. Recent renovations (2022) include new stucco, paint, roofing, and interior/exterior upgrades to Building A, including high-end windows, lighting, and Mitsubishi HVAC units. The property sits on a 1.59-acre lot and includes a 15,600 square foot parking lot with ample space for truck turnaround, a fenced 26,000 square foot yard, and 16 parking spaces. The property is zoned I and offers significant potential for increased income through mini-storage development or additional leasing. The asking price is $4,900,000, representing a 3.12% cap rate and a NOI of $153,000. Seller financing is available. This property is ideal for owner-users or investors seeking high-demand small industrial spaces in a prime Sparks location. The property was built in 1968 and has nine units.

Highlights

  • 2022 building renovations including new stucco, paint, roofing, and interior/exterior upgrades to Building A.
  • Two month-to-month tenants generating $14,000 annual income.
  • 22,968 square foot industrial complex comprised of two buildings.
  • 15,600 square foot parking lot with truck turnaround space.
  • 26,000 square foot fenced yard.
  • 4,800 square foot renovated showroom/office space.

Property Details for 910 Glendale Ave

Property type
Warehouses, Industrial properties
Square Feet
22,968 SF
Class
A
Year Built/Renovated
1968/2022
Buildings
2
Stories
2
Lot Size (sq. ft)
69,260 SF
Units
9

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.52755883
Longitude
-119.7544586
910 Glendale Ave, Sparks, Nevada

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910 Glendale Ave
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