100 N Sierra St - Office FOR SALE


Reno, NV 89501
$10,500,000 USD
775-321-4459
100 N Sierra St, Reno, NV for Sale
$10,500,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

100 N Sierra St
Reno, NV 89501


HIGHLIGHTS

  • In the heart of the downtown business and entertainment district.
  • Three-story mixed use building includes the Liberty Food & Wine Exchange & Reno Axe and Social.
  • Value-add opportunity with existing cash flow in place.
  • In 2020 ownership completed major building renovations.

OVERVIEW

100 N. Sierra is in the heart of the revitalized River District in Downtown Reno. 100 N Sierra is located on the heavily traveled corner of W. 1st Street and N. Sierra Street with excellent visibility and signage opportunities. This is the heart of the downtown business and entertainment district, the property is a short walk from a wide range of restaurant, retail and hotel amenities. The three-story mixed use building includes the Liberty Food & Wine Exchange owned and operated by local celebrity Chef Mark Estee on the 1st floor, along with Reno Axe & Social, a popular entertainment concept. The 2nd floor consists of four completely renovated modern office suites ranging from 1,535 SF to 5,019 SF. The 3rd floor totals 13,875 SF and is in shell condition and ready for improvements. The basement of the property is 100% occupied and includes a large-scale commercial kitchen to prep foods for Liberty Artisan Meats. A newly renovated passenger elevator provides access to all floors from a secured lobby. In addition, there is a freight elevator that provides access to all floors with easy alley access for loading. Parking for the building is located directly across the street in the City of Reno owned parking garage that consists of approximately 650 parking stalls, with more than ample availability during normal business hours. Parking agreements with the City of Reno can be secured for tenants of the building as well.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100 North Sierra Street

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

650

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

MD-RD

APN/PARCEL ID

011-061-09

ASK ABOUT THIS PROPERTY

David WoodsCBRE, Inc.More Info
775-321-4459

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David WoodsCBRE, Inc.More Info
775-321-4459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.