890 Gentry WayReno, NV 89502

Property Details for 890 Gentry Way

Year built

1982

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

11,915 SF

Zone code

GC

Property type

Investment properties

Property subtype

Retail residential properties

APN

020-221-28

APU

2022128

Description

This exceptional investment opportunity presents a fully renovated, 11,915-square-foot flex industrial building located at 890 Gentry Way, Reno, Nevada 89502. The property, situated on a 0.6-acre lot, features a desirable blend of industrial and office space. The ground floor comprises 7,500 square feet of insulated industrial space, perfectly suited for various uses. Upstairs, approximately 4,400 square feet of newly renovated office space offers a modern and efficient workspace. Extensive renovations completed in 2023 include new siding, windows, and garage bay doors, ensuring a turnkey investment for the buyer. The building boasts a 100% occupancy rate with a single tenant under a NNN lease, generating a strong Net Operating Income (NOI) of $178,725 and a compelling 6.74% capitalization rate. The asking price is $2,650,000, translating to $222.41 per square foot. Built in 1982 and meticulously updated, this property is zoned GC and presents a rare opportunity in the Reno market. The property's strong financials, combined with its prime location and recent renovations, make it an ideal addition to any investment portfolio. The Assessed Parcel Number (APN) is 020-221-28.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4944

Longitude

-119.785

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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