DCG Presents New Listing For Sale at 5470 Reno Corporate Dr

DCG Presents New Listing For Sale at 5470 Reno Corporate Dr

DCG is pleased to present the office property at 5470 Reno Corporate Drive, in Reno’s Meadowood Submarket. The 13,352 square foot property is located near the corner of Double R Boulevard and Reno Corporate Drive and features multiple occupancy configurations for an owner-user or investor. The first-floor leases have intentionally been converted to month-to-month to allow for a multitude of different purchase scenarios. An owner user has the ability to occupy all, or half, of the first floor with the benefit of receiving income on the excess space. An investor can work on either negotiating long term leases with the current tenants or find a tenant for any portion of the first floor. The two scenarios in the OM represent a current scenario NOI and a stabilized proforma NOI assuming $2.00/sf/mo FSG leases being negotiated for the entire first floor.

Across the Street from 5470 Reno Corporate, Northern Nevada Health System (NNHS)is building Reno’s newest, full-service hospital. The project is the first full-service hospital to be built in the region in nearly a century and is expected to open in 2022. Upon completion of the initial phase of the project, the hospital campus is projected to include 350,000 square feet of hospital and medical office space. The new hospital will feature nearly 200 private patient rooms and will employ an estimated 1,000 new healthcare jobs at completion.


PRICE: $3,200,000

PICE P/SF: $236

SIZE: 13,352 SF

CAP RATE: 6.40%