— For Sale —

Offering Price $1,945,000

CAP Rate 8%

NOI $155,626

Property Information

5975 Alpha Avenue is a leasehold investment opportunity at the Reno-Stead Airport. The property has been on an airport ground lease since 1997 and will be renewed on a new 20-year ground lease prior to the close of escrow. The building is currently leased to Tactical Air Support with a lease term through August 2029 and a five- year renewal option. The tenant’s 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 O’Connell

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