— For Sale —

Asking Price $2,400,000

Total Square Footage ± 8,388 SF

Price Per Square Foot $286

Three Parcels Combined ±1.24 AC

Property Information

LOGIC Commercial Real Estate is pleased to present a ±8,388 SF multi-tenant retail investment opportunity located at 2965 & 2975 Vista Blvd. and 1963 Baring Blvd. in Sparks, NV. Positioned at the signalized intersection of Vista Blvd. (28,700 CPD) and Baring Blvd., the asset is 88% occupied by a diverse mix of service and retail tenants, including a Wells Fargo ATM ground lease, and benefits from strong visibility and access within an established, densely rooftop-surrounded trade area. The property offers a value-add opportunity through lease-up of the remaining vacancy and continued mark-to-market of below-market rents, with pro forma NOI of $187,459 representing meaningful upside over current in-place income of $87,628.

Contact

Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
linkedin-square
O 775.433.1104
C 775.386.9727
More Info
Brokerage

Michael Dorn

Vice President
Reno
License S.189635
O 775.433.1109
C 775.453.4436
More Info
Brokerage

Michael Keating Jr.

Associate
Reno
License S.0200781
C 775.843.0125
More Info