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1408 Pittman Ave 8,866 SF Industrial Building Sparks, NV 89431 $3,455,875 CAD ($389.79 CAD/SF) 6% Cap Rate
Investment Highlights
- 8,866 SF Building
- 100% Leased
- 2.47 AC of Land Area
- Near I-80, I-580 & McCarran Blvd
Executive Summary
1408 Pittman Avenue presents a rare industrial investment opportunity in the heart of the Sparks submarket, featuring a low coverage, 2.47-acre fenced and secured site with stabilized income in place. The property is improved with approximately 8,866 square feet of industrial space across multiple buildings of varying size and configuration, offering functional utility for yard intensive users. The asset is fully leased to Cal-Nevada Towing under a triple net lease, providing dependable cash flow with no known environmental concerns, no below-ground tanks, and no visible environmental issues. See flyer for more details.
Property Facts
| Price | $3,455,875 CAD | Rentable Building Area | 8,866 SF |
| Price Per SF | $389.79 CAD | No. Stories | 2 |
| Sale Type | Investment NNN | Year Built | 1965 |
| Cap Rate | 6% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.48/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 21’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 2.47 AC | Opportunity Zone |
Yes
|
| Zoning | I - Zoned Industrial | ||
| Price | $3,455,875 CAD |
| Price Per SF | $389.79 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.47 AC |
| Rentable Building Area | 8,866 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Tenancy | Single |
| Parking Ratio | 2.48/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I - Zoned Industrial |
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Yard
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 032-302-33 | Improvements Assessment | $107,520 CAD |
| Land Assessment | $563,378 CAD | Total Assessment | $670,899 CAD |
Property Taxes
Parcel Number
032-302-33
Land Assessment
$563,378 CAD
Improvements Assessment
$107,520 CAD
Total Assessment
$670,899 CAD
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1408 Pittman Ave
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