9520 Prototype Court
Owner-User Opportunity in South Meadows Submarket | 3,124 SqFt
Marketing description
Colliers is pleased to present 9520 Prototype Drive in Reno, NV for sale. The 3,124 square foot single level office building is an ideal opportunity for a user looking to occupy space while receiving income. 47% leased to Sierra Therapy Group leaving 53% vacant. The building will generate $43,296 gross (rent +CAM) on 47% of the building. After expenses are deducted, the building generates $26,363 net income while an owner can occupy or backfill the vacant 1,675 square foot suite 200.
Built in 2002 but remodeled by the current owner with a heavy office build-out. The Prototype Court Association office park the property is located within is professionally managed and well maintained. The property has outstanding curb appeal and is visible and easily accessible from Gateway Drive and Prototype Drive. The Property is well located in the South Reno Submarket with access from Gateway Drive with easy access to I-580 as well as restaurants, hotels, other professional services, workforce, and executive housing.
Virtual Tour: https://my.matterport.com/show/?m=uxas95m2uy5i2s04db1ra43kb
Investment highlights
- 5 year lease on 40% of the property
- Seller Financing Available
- Partially Leased Investment
- NOI $26,363 estimated (12 Mo from ownership)
- Vacancy is 53% allowing it to qualify for SBA financing
- Fully built-out with heavy office layout
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