Listed by Marcus & Millichap - Reno
$3,980,000
960 Caughlin Crossing
Details
Property Type Office
Sub Type Medical Office
Square Footage 6,120
Cap Rate 5.81%
NOI $231,088
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $650
Class A
Year Built 1995
Year Renovated 2018
Acreage 0.510
Investment Type Net Lease
960 Caughlin Crossing Medical Office | NNN Lease
Investment highlights
This Class “A” Medical Office Building is located at Caughlin Crossing, at the gateway to the Caughlin Ranch and Eaglesnest communities, which provide some of the highest income demographics for the entire Reno-Sparks MSA. The median home price in the one-mile radius of the property is $795,130. The average household income in the one-mile radius of the property is $183,070. The building sits on just over one-half acre and is part of the Caughlin Ranch master planned community and part of the owners’ association. There are acres and acres of greenbelts with walking trails, creeks, duck ponds, a full service tennis and athletic club and other professional office buildings servicing the community.
Listing Contacts
Listed by Marcus & Millichap - Reno
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,088.00
$19,257.33/mo
Valuation Metrics
0
DSCR
5.81%
Cap Rate
5.81%
ROI
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