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10619 Professional Circle
Reno, NV 89521
Office Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Medical Leased Investment
- Long-term Lease
- Single Tenant
EXECUTIVE SUMMARY
LOGIC Commercial Real Estate is pleased to present for sale 10619 Professional Circle. Located in south Reno, 10619 Professional Circle consists of +/- 17,631 of medical office space which is solely leased by Gastroenterology Consultants and offers a full endoscopy center. The asset is situated on a +/- 2.01 parcel with ample parking and visibility from US Highway 395. 10619 Professional Circle is in close proximity to Renown's South Meadows Medical Center and the newly completed Northern Nevada Sierra Medical Center. Within a 5-mile radius, this asset services a population of +/- 100,890 people with an annual average household income of +/- $141,110.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
17,631 SF
Building Class
B
Year Built
2007
Price
$13,988,918 CAD
Price Per SF
$793.43 CAD
Cap Rate
6%
NOI
$839,335 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
17,631 SF
Building FAR
0.20
Lot Size
2.01 AC
Zoning
PUD - Planned Unit Development
Parking
60 Spaces (3.4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 160-060-28 | Improvements Assessment | $1,746,521 CAD |
| Land Assessment | $553,135 CAD | Total Assessment | $2,299,654 CAD |
PROPERTY TAXES
Parcel Number
160-060-28
Land Assessment
$553,135 CAD
Improvements Assessment
$1,746,521 CAD
Total Assessment
$2,299,654 CAD
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