255 Glendale Ave - Medical FOR SALE


Sparks, NV 89431
$5,500,000 USD
775-530-8842
255 Glendale Ave, Sparks, NV for Sale
$5,500,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

255 Glendale Ave
Sparks, NV 89431


HIGHLIGHTS

  • 28,490 SF multi-tenant medical/office/lab property in the flex industrial submarket in Sparks, NV
  • Frontage on Glendale Avenue

OVERVIEW

Sale Price Reduced. The property has a long history of stable 100% occupancy but will now be sold with 12,050 square feet of office/lab space expected to go vacant in 2024. Concentra Health is the anchor tenant with 17 years of operating history on the site and 7 years remaining on the existing lease. Juniper Services occupies approximately 5,400 square feet with 4 years remaining. Alpha Analytical plans to vacate 12,050 square feet of office and lab space in 2024. The property provides an excellent opportunity for upside by bringing vacant office rents to market. Zoning on the property is Industrial, providing flexibility to convert to flex industrial.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

I

APN/PARCEL ID

034-342-16

ASK ABOUT THIS PROPERTY

Matt GrimesCBRE, Inc.More Info
775-530-8842

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Matt GrimesCBRE, Inc.More Info
775-530-8842

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