1031 MLS

ExampleThis is an example listing, published by 1031 MLS to show how a property appears here. The property does not exist, the photographs are computer-generated, and there is no seller to contact. It is kept out of search engines, buyer matches and saved-search alerts.

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Industrial
Relinquished property

Light industrial flex warehouse

Reno, NV (approximate)

6.1% cap rate

Confirmed today

Single-storey tilt-up flex warehouse with dock doors and a concrete truck apron
Single-storey tilt-up flex warehouse with dock doors and a concrete truck apron

Overview

Tilt-up concrete flex building divided into five suites, each with a glass storefront office and warehouse behind. Four dock-high doors and six grade-level doors, 24-foot clear height, ESFR sprinklers. Weighted average lease term of 3.4 years with staggered expiries, and in-place rents roughly 12% below the submarket asking rate. This is an example listing published by 1031 MLS to demonstrate the site. The property does not exist and is not for sale.

Property details

The deal

Property type
Industrial
Subtype
Multi-tenant flex
Occupancy
93%

Income

Cap rate
6.1%
Net operating income
$481,900

Building

Building area
62,000 sf
Lot size
4.1 acres
Year built
2006

Lease

Tenant
Five tenants, largest 38% of NRA
Lease type
NNN
Lease expiration
November 30, 2029

Exchange notes

Multi-tenant, so it needs management — but the staggered roll is what lets a buyer mark rents to market over the hold rather than all at once.

Location

Address protected

This listing shows an approximate area only. The seller has chosen to keep the exact street address private.

The precise address is released to you when the seller accepts your inquiry.