865 Deming WaySparks, NV 89431
- Industrial properties
- 23,870 SF
Property Details for 865 Deming Way
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.11 AC
- Property size (Sq ft)
- 23,870 SF
- Zone code
- I
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 034-262-23
- APU
- 3426223
Description
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.
Location Insight
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Latitude
- 39.5257
- Longitude
- -119.723
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].