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5975 Alpha Ave 13,000 SF Industrial Building Reno, NV 89506 $2,646,504 CAD ($203.58 CAD/SF) 8% Cap Rate
EXECUTIVE SUMMARY
5975 Alpha Avenue is a leasehold investment opportunity located at the Reno-Stead Airport. The property is on an airport ground lease since 1997 and will be renewed, prior to close, on a 20-year ground lease with a 10-year renewal option. The building is currently leased to Tactical Air Support, which has four (4) years remaining on its lease term, along with a five (5)-year renewal option. The lease includes 3% annual rent increases at the beginning of each calendar year.
-8% CAP
-NNN Lease Structure
-Four years remaining on the lease term with a five year renewal option.
-3% annual increases
-long term ground lease on federal land, no property tax
-8% CAP
-NNN Lease Structure
-Four years remaining on the lease term with a five year renewal option.
-3% annual increases
-long term ground lease on federal land, no property tax
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 086-850-03 | Improvements Assessment | $7,563,176 CAD (2025) |
| Land Assessment | $2,455,960 CAD (2025) | Total Assessment | $10,019,137 CAD (2025) |
PROPERTY TAXES
Parcel Number
086-850-03
Land Assessment
$2,455,960 CAD (2025)
Improvements Assessment
$7,563,176 CAD (2025)
Total Assessment
$10,019,137 CAD (2025)
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5975 Alpha Ave
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