10619 Professional CirReno, NV 89521

Property Details for 10619 Professional Cir

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.01 AC

Property size (Sq ft)

17,631 SF

Zone code

PD

Property type

Medical offices

Property subtype

Medical centers

APN

160-060-28

APU

16006028

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,518,406

  6.5%

  $3,247,760

  7%

  $3,015,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,037,323

  Geo Method

  $4,037,323

• Alternative Use

  Use

  Valuation

  Residential

  $4,027,222

  Hospitality

  $3,688,914

  Educational

  $3,069,133

  Medical

  $3,174,685

  Retail

  $4,774,207

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4263

Longitude

-119.754

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].