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880 Ryland St
Reno, NV 89502
Office Property For Sale
Investment Highlights
- ±15,285 SF Single-Tenant Medical Office Building
- Offering Price: $9,930,000 | CAP Rate: 6% | $650/SF
- Long-Term NNN Lease In Place | Lease Expiration: 4/30/2029
- ±1.36 AC Parcel | 5.15 Spaces/1,000 SF Parking
Executive Summary
LOGIC Commercial Real Estate is pleased to present for sale 880 Ryland Street, a ±15,285 SF single-tenant medical office building located in central Reno, Nevada. Situated directly adjacent to the Renown Regional Medical Center, the property is 100% occupied by Gastroenterology Consultants (GI Consultants) under a long-term NNN lease expiring April 30, 2029, with 4% annual rent increases, providing investors with stable, predictable cash flow. The asset is offered at $9,930,000, reflecting a 6% CAP rate and a net operating income of $595,658.
Built in 2000 and zoned PO (Professional Office), the property sits on a ±1.36-acre parcel with robust on-site parking at 5.15 spaces per 1,000 SF, plus an additional ±6,361 SF offsite employee parking lot. 880 Ryland Street is ideally positioned within close proximity to MidTown Reno, Downtown, Saint Mary's Regional Medical Center, the University of Nevada, Reno, and Reno-Tahoe International Airport. Within a 5-mile radius, the property serves a population of ±254,817 with an average household income of $95,501 — making this an exceptional opportunity to acquire a stabilized medical office asset in one of the West's fastest-growing metros.
Built in 2000 and zoned PO (Professional Office), the property sits on a ±1.36-acre parcel with robust on-site parking at 5.15 spaces per 1,000 SF, plus an additional ±6,361 SF offsite employee parking lot. 880 Ryland Street is ideally positioned within close proximity to MidTown Reno, Downtown, Saint Mary's Regional Medical Center, the University of Nevada, Reno, and Reno-Tahoe International Airport. Within a 5-mile radius, the property serves a population of ±254,817 with an average household income of $95,501 — making this an exceptional opportunity to acquire a stabilized medical office asset in one of the West's fastest-growing metros.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,285 SF
Building Class
B
Year Built
2000
Price
$13,805,381 CAD
Price Per SF
$903.20 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,285 SF
Building FAR
0.26
Lot Size
1.36 AC
Zoning
MUWM - PO – Professional Office
City of Reno, NV
Parking
69 Spaces (5.15 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Kitchen
- Central Heating
- Fully Carpeted
- High Ceilings
- Natural Light
- Reception
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
Property Taxes
| Parcel Number | 013-021-44 | Improvements Assessment | $1,504,182 CAD |
| Land Assessment | $588,584 CAD | Total Assessment | $2,092,768 CAD |
Property Taxes
Parcel Number
013-021-44
Land Assessment
$588,584 CAD
Improvements Assessment
$1,504,182 CAD
Total Assessment
$2,092,768 CAD
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