Listed by Logic Commercial Real Estate Reno, LOGIC Commercial Real Estate
$925,000
418 Cheney St.
Details
APN 013-116-13 & 14
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 1,542
Cap Rate 6.49%
NOI $60,000
Occupancy 100%
Tenancy Single
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Lease Options Two 3-year options
Price per SqFt $600
Zoning GC - General Commercial
Investment Type Net Lease
Owner/ User Office Opportunity in MidTown
Marketing description
- STNL property in the Wells Business District just east of MidTown
- Layout consists of three (3) private offices, reception area, restroom, breakroom, and a basement storage
- +/- 4,000 SF fenced yard, separately parceled for potential development
- Property is zoned GC (General Commercial)
- Located less than 2-miles from I-80 with easy access to S. Virginia St. connecting the property to central and South Reno
- Over +/- 650 businesses located within a 0.5-mile radius
- Traffic counts along S. Wells over +/- 15,800 CPD
- Parking on-site
Listing Contacts
Listed by Logic Commercial Real Estate Reno, LOGIC Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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