DCG agents represented both sides in the transaction of the standalone flex-building at 8690 Technology Way. DCG’s Chris Shanks, CCIM, represented the seller, while Tom Fennell, SIOR, CCIM, and Matt DeRicco represented the buyer in the single tenant sale-leaseback. The property sold for $5,400,000 and had an in-place cap rate of 5.00%.
This 17,701 square foot building stands on 1.23 acres of land in the South Reno Industrial Submarket. The property is situated east of Double R Boulevard near International Game Technology (IGT) and the newly developed Double R Luxury Living Apartments.