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    8355 Double R Blvd Reno, NV 89511

    Sponsored
    For Sale
    $8,000,000

    Reno Industrial Investment, 5.25% Cap Rate

    Property size:
    18,633 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, 18,633 square foot industrial property in Reno, Nevada. The property, built in 2004 and renovated in 2018, consists of six buildings on a 4.776-acre lot, including a 7,041 square foot office building, a 2,625 square foot service repair garage, and multiple material shelters totaling approximately 9,000 square feet. The property benefits from a prime South Reno location, near retail, housing, and amenities, including the new Northern Nevada Sierra Medical Center. Currently leased to Piedmont Truss & Lumber Company under an absolute NNN lease with a remaining term of approximately 3.7 years (expiring August 1, 2028), the lease provides a stable income stream of $35,000 per month, with annual rent increases. The lease commencement date is at the close of escrow. The property boasts a strong 5.25% cap rate and a net operating income (NOI) of $420,000. The property is zoned IC, allowing for industrial, office, and retail uses. This is a rare opportunity to acquire a high-performing, net-leased industrial asset in a rapidly growing area of Reno. The asking price is $8,000,000, representing a price per square foot of $429.35. The property's address is 8355 Double R Blvd, Reno, NV 89511.

    Property Features for 8355 Double R Blvd

    General Information

    Property type
    Life science properties
    Square Feet
    18,633 SF
    Class
    B
    Lot Size
    208,043 SF

    Building Details

    Year Built/Renovated
    2004/2018
    Buildings
    6
    Stories
    1

    HighLights

    • Master lease with Piedmont Truss and Lumber Company.
    • Excellent location near the new Northern Nevada Sierra Medical Center.
    • $420,000 annual net operating income (NOI).
    • 5.25% capitalization rate (Cap Rate).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dan Mills Construction ... General Contractor PIEDMONT TRUSS & LUMBER, ... Lumber Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7669085
    Latitude
    39.462533

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    FAQs

    What type of property is this?
    Life science property - Reno Industrial Investment, 5.25% Cap Rate
    Where is this life science property located?
    The property is located at 8355 Double R Blvd Reno, NV.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Master lease with Piedmont Truss and Lumber Company.; Excellent location near the new Northern Nevada Sierra Medical Center.; $420,000 annual net operating income (NOI).
    Request Owner's contact information
    8355 Double R Blvd Reno, NV 89511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8355 Double R Blvd Reno, NV 89511
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