— For Sale —

Offering Price $1,946,000

CAP Rate 8%

NOI $155,775

Property Information

5975 Alpha Avenue is a leasehold investment opportunity located at the Reno-Stead Airport. The property is on an airport ground lease since 1997 and will be renewed, prior to close, on a 20-year ground lease with a 10-year renewal option. The building is currently leased to Tactical Air Support, which has three and a half (3.5) years remaining on its lease term, along with a five (5)-year renewal option. The lease includes 3% annual rent increases at the beginning of each calendar year.

Contact

Paul Evans Logic Commercial Real Estate
Brokerage

Paul Evans

Senior Vice President
Reno
License S.193234
C 775.745.8100
More Info
Brokerage

Rylee Buckmaster

Associate
Reno
License S.200156
O 775.433.1127
C 775.217.0297
More Info