Case Study

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The Ridge

Location

5000 Smithridge Dr. Reno, NV 89502

Sale Price:

$14,000,000

Total Size:

± 46,834 SF

Sale Price PSF:

$299 PSF

Representation: Seller

The Ridge is a ± 46,834 SF anchored shopping center located at one of the highest-traffic intersections in the Reno/Sparks market. Situated on +/- 5.81 AC of land, the property is comprised of four in-line retail building surrounding Goodwill (NAP), Chili’s (NAP), and Pep Boys/Autozone (NAP). LOGIC represented the seller in the initial acquisition of the property in July of 2021, assisted in the leasing while the center underwent a full renovation, and then represented the seller in the disposition.