Freeport Blvd. & Linda Way

380-390 Freeport Blvd., Sparks, NV 89431

— For Sale —

Offering Price $9,000,000

Total Square Footage ± 39,731 SF

NOI $610,000

CAP Rate 6.8%

Property Information

LOGIC Commercial Real Estate is pleased to present for sale 380 & 390 Freeport Blvd. Located in Sparks, the property is well situated in the industrial core submarket and consists of ± 39,731 SF of desirable flex industrial space.
With extensive capital improvements completed throughout the past twelve months including paint, lighting, air conditioning, interior renovation, and roof, the asset is now situated to provide steady, long-term cash flow. Additional stabilization improvements have also been completed, including a professional management team and BOMA survey.
Low vacancy and high demand for flex industrial space has continued to drive rent growth throughout the Reno/Sparks market. This asset is poised to continue to take advantage of this growth with further value-add ability. High demand has allowed over 70% of leases to be turned in less than 18 months.

Contact

Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
linkedin-square
O 775.433.1104
C 775.386.9727
More Info
Michael Dorn Logic Commercial Real Estate
Brokerage

Michael Dorn

Senior Associate
Reno
License S.189635
O 775.433.1109
C 775.453.4436
More Info