880 Ryland St
Reno, NV 89502
Bureau Propriété À vendre

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.