865-871 Deming Way

865-871 Deming Way, Sparks, NV 89431

— For Sale —

Offering Price $5,725,000

Total Square Footage +/- 23,845 SF

Price Per Square Foot $240 PSF

CAP Rate 5.90%

Property Information

865-871 Deming Way is a +/- 23,845 SF multi-tenant industrial property located within the Sparks industrial submarket. Built in 1978, this property recently underwent an interior and exterior renovation including paint, parking lot resurfacing and restripping, new roof, and interior full tenant improvements in 2022/2023. This property is situated on a +/- 1.11 AC parcel with on-site parking, (3) drive-in doors, and (1) dock-high door.

This property is located on the north end of the Sparks industrial submarket with over 500 businesses within a 1-mile radius and a daytime population over 9,500. A majority of the businesses in this area are service-based industries and include automotive, construction, manufacturing, and transportation. This submarket sees a historically low vacancy rate averaging 2.68% over the past 12 months based on CoStar market data.

Contact

Ian Cochran Logic Commercial Real Estate
Brokerage

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
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Greg Ruzzine Logic Commercial Real Estate
Brokerage

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
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Brokerage

Sam Meredith

Senior Associate
Reno
License S.189257
O 775.433.1111
C 775.737.2939
More Info