950 Sandhill Road, Reno, NV 89521

950 Sandhill Road, Reno, NV 89521

— For Sale —

Offering Price $13,550,000

Square Feet +/- 42,338 SF

Cap Rate 6.75%

Property Information

LOGIC Commercial Real Estate is pleased to present for sale 950 Sandhill Road. Located in south Reno, 950 Sandhill Road consists of +/- 42,338 square feet of Class-A professional office space which is leased by Light & Wonder and Lumos & Associates.

Light & Wonder, formerly Scientific Games, is a publicly traded (NASDAQ: LNW), internationally operating entity with a $5B market cap, specializing in the design and manufacturing of gambling and lottery machines. With over 40 locations and thousands of employees worldwide, the company is a pioneer in enterprise gaming platforms.

Lumos & Associates is a high regarded regional environmental sciences firm with five locations across Nevada and California. Originally founded in 1978, the company continues to support the rapid growth in Northern Nevada and the northwest region as a whole.

Ownership has invested approximately $1,500,000 into the asset. With a 7.5 year WALT, strong credit tenants, and minimal landlord responsibility, this asset is ideal for ease of management with long term cash flow. The property is situated on a +/- 2.93 AC parcel with ample parking and central access. Within a 5-mile radius, this asset services a population of +/- 97,490 people with an annual average household income of +/- $134,709.

Contact

Mike Keating Logic Commercial Real Estate
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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Chase Houston Logic Commercial Real Estate
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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