DCG’s Investment team, Chris Shanks, CCIM, and Matt DeRicco, and principals, Scott Shanks, SIOR, and Dominic Brunetti, CCIM, represented the seller in the disposition of The Shops at Bartley Ranch, located at 6135-6147 Lakeside Drive. James & Catherine McAllister Trust purchased the 34,464-square-foot multi-tenant neighborhood retail center for $9,800,000, with Scott Beggs and Cathy Shanks...
DCG’s Investment team, Matt DeRicco and Chris Shanks, CCIM, represented the buyer, Jensen Precast, in the $15,000,000 ($103.97 per sq. ft.) acquisition of 14291 Lear Boulevard. This was an owner-user transaction, as Jensen Precast, a concrete manufacturer in Reno, will occupy the space beginning in Q2 2024. Located in the North Valleys submarket, the 144,278-square-foot...
DCG (Dickson Commercial Group) arranged the $1.55 million investment sale at 240 Linden Street, a 65-unit self-storage facility with an additional 6,043 square feet of office space. DCG’s Principal Tom Fennell, SIOR, CCIM, alongside DCG’s Investment Team, Matt DeRicco, and Chris Shanks, CCIM, represented the seller. The buyer, REA Properties, LLC, was represented by DCG’s...
DCG (Dickson Commercial Group) arranged the $1.71 million sale of 5280 Longley Lane, a 4,188 square-foot retail strip property. The seller, Fujimori, LLC, was represented by principals Scott Shanks, SIOR, and Dominic Brunetti, CCIM, alongside DCG Investment team Matt DeRicco and Chris Shanks, CCIM. The stand-alone retail pad is situated within the Longley Town Centre...
DCG’s Dominic Brunetti, CCIM, and Patrick Riggs represented the seller, and DCG’s Tom Fennell, SIOR, CCIM, Chris Shanks, CCIM and Matt DeRicco represented the buyer of 491 Court Street in downtown Reno, Nevada. An undisclosed buyer purchased the single-tenant investment property in a 1031 exchange for $1,935,000. Recently renovated with high-end finishes in 2021, the...
DCG’s Principals Dominic Brunetti, CCIM and Scott Shanks, SIOR, along with the investment team; Chris Shanks, CCIM and Matt DeRicco represented the seller of the three-tenant retail strip mall located at 1130 North Hills Boulevard. Selling for $5,750,000, this investment property is estimated to be at a 5.9% CAP rate. The 21,235-square-foot retail building is...
DCG’s Investment Team, Chris Shanks, CCIM, and Matt DeRicco represented the buyer, Hulda Way Investments, in the $4.53MM investment purchase of an industrial building located at 1425 Hulda Court in Sparks, NV. Built in 1994, this warehouse is 17,200 square feet and sits on a 2-acre fenced lot. The property is situated in the Sparks...
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...
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...
Reno-based Commercial Real Estate firm DCG recently announced the sale of the South Meadows Promenade Shopping Center, which was purchased by an investor in a 1031-exchange for $34M on December 15th, 2021. The center was 100% occupied at close of escrow and had an in-place cap rate of 5.00%. Tom Fennell, CCIM and Principal with...
