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.
Third-Party Listings Disclaimer
All commercial and investment properties shown are sourced from Crexi and are listed by third-party brokers, as indicated by the Broker Reciprocity logo. Lillian Wong provides buyer representation for these and similar commercial properties. Contact Lillian to schedule showings, request offering memoranda, or discuss investment strategy.
Information is supplied by listing brokers and other third parties and has not been verified. All pricing, property details, and availability are subject to change without notice. Interested buyers should contact Lillian directly to verify current status and arrange due diligence.
Source: Crexi. All listings represented by third-party brokers. Lillian Wong represents buyers in commercial transactions.
