Details
| APN | 007-530-13 | Property Type | Land, Office |
| Sub Type | Medical Office | Square Footage | 3,264 |
| Price per SqFt | $408 | Year Built | 1983 |
| Lot Size (SqFt) | 28,793 |
Land | 28,793 SqFt
Marketing description
NAI Alliance is pleased to present this unique opportunity to purchase a net-leased medical building along with additional land for expansion or redevelopment, right in the core of the Saint Mary’s Hospital/ROC Medical Center submarket. Close to all the downtown amenities and serving the UNR submarkets as well, this established and well-located business is a stable investment with an opportunity to grow as an expanded development.
O’Gara Dental is a net-leased investment opportunity with a corporate lease from Signature Dental. Just through the initial Term which ran from 3/6/2019 – 2/29/2024 (5 years) @ $7,416.67/ mo. Now in term 2: (March 1, 2024 – February 28, 2029) @ $7,787.50/mo (105% of 1st Term) ($2.39 psf, Gross). Tenant also has a 2nd option for 5 years at end of 2nd term (same increase to 105% of previous term rent). Holdover Rent: 105% The Landlord responsibilities are Taxes, Insurance, Maintenance, Snow Removal, Landscaping, Repairs and Replacements and Management. The Tenant responsibilities are electricity, water, sewer, gas, telephone, cable and other utility charges/trash.
Investment highlights
- Leased Building Value @ 6.5% Cap $1,032,271.85
- Land Value $305,000
- Mixed-Use Zoning allows for multiple uses on this well-located lot.
