10619 Professional Cir Reno, NV 89521
For Sale
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Exceptional investment opportunity featuring a portfolio of two Class B medical office buildings totaling 32,916 square feet, situated in prime Reno, Nevada locations. The portfolio is 100% occupied by GI Consultants under absolute NNN leases, offering significant long-term stability. 880 Ryland Street, a 15,285 square foot building constructed in 2007, is located in central Reno adjacent to the Renown Medical Campus, offering convenient access to downtown and ample parking on a 1.36-acre parcel. The lease has approximately 55 months remaining. 10619 Professional Circle, a 17,631 square foot building constructed in 2000, is located in South Reno, featuring a full endoscopy center and boasting excellent visibility from US Highway 395. This building sits on a 2.01-acre parcel with ample parking and is near Renown's South Meadows and the Northern Nevada Sierra Medical Center. The lease on this property has approximately 96 months remaining. Both properties benefit from MU and PD zoning. The asking price for this exceptional net lease investment is $21,064,000. This portfolio presents a compelling opportunity for investors seeking strong cash flow and long-term appreciation in a thriving medical market. The properties are single-story buildings with a combined total of two buildings.
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Eric Osgard Physician
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Jay Krishnan Physician
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Anna Kerfoot Physician
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Liver Transplant Program in Reno, 10619 Professional Circle Medical Clinic
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Dr. Tom Fang Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PD · Reno, NVCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.