385-395 Freeport Blvd.

385-395 Freeport Blvd. Sparks, NV 89431

— For Sale —

Offering Price $6,800,000

Price Per Square Foot $166

Proforma Cap Rate 7.8%

Square Footage +/- 41,080 SF

Property Information

385-395 Freeport Blvd. is a multi-tenant flex industrial complex located in the industrial corridor of Sparks, Nevada. Originally constructed in 1974, this asset primarily consists of small flex industrial units targeting local credit tenant users. With a short WALT, desirable space type, and ideal location, this asset is poised for substantial rent growth. Low vacancy rates have resulted in 25% rent growth in this product type year over year. Rent growth is projected to continue growing with 385 & 395 Freeport Blvd. being an ideal asset to capitalize on this growth. Minimal landlord responsibility coupled with strong demand allow this asset to be a flexible addition to a commercial asset portfolio.

Contact

Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
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O 775.433.1104
C 775.386.9727
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Brokerage

Chase Houston, SIOR

Senior Vice President
Reno
License S.174274
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O 775.433.1124
C 775.848.6007
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Michael Dorn Logic Commercial Real Estate
Brokerage

Michael Dorn

Senior Associate
Reno
License S.189635
O 775.433.1109
C 775.453.4436
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