DCG is pleased to announce the successful sale of 100 California Avenue, a 100% occupied mixed-use building in Downtown Reno that sold for $5,350,000. DCG’s Investment Team, Chris Shanks, CCIM, and Matt DeRicco, represented the seller, 100 Cal NV LLC, and DCG Principal Tom Fennell, SIOR, CCIM, represented the buyer. This mixed-use property comprises two separate buildings totaling 13,480 square feet, featuring ground floor retail and second story office space.
100 California Avenue’s first floor is occupied by Old World Coffee, Black Rock Dessert, and Forest Street Station, with the second floor occupied primarily by office users. Full Belly Deli inhabits a separate 2,800 square foot stand-alone building at 517 Forest Street.
DCG’s investment team has an industry-wide reputation for helping clients create maximum returns on their real estate and achieve their long-term goals. Their investment services include performing discounted cash flow analysis, acquisition/disposition modeling, deal execution, and investment management services to clients engaged in buying, selling, investing in, financing, or building real estate. Reach out to DCG’s investment team to discuss more transaction details.