Sparks, NV Property For Sale and Lease

-Vacant land located on Calle de la Plata in Sparks, NV

-19.85 SF Available

-$0.28/SF per year

- Minimum of 2 acres and maximum of 10 acres per tenant.

- Proposed Use: Horse Stables

Rare Industrial Property for Sale.

About the tenant

•Based in San Francisco, Fyrn combines classic principles ofwoodworking with modern build techniques to create products thatdefine the new shape of craft – timeless, elegant and resilientfurniture that complements the way you live. “Founded on a corephilosophy that the way something is made matters just as much asthe product itself, Fyrn takes a systems approach to design. Ourfoundation lies in Stemn, the defining architectural feature of ourpieces that enables us to produce high-quality craftsmanship atscale.”

Investment Details

• NOI: $346,424 (2023), 3% annual base rent escalations

• Cap Rate: 4.33%

• Occupancy: 100%

• Lease: NNN

• Term: 10/01/2021 to 10/31/2028

• Value add: Tenant is currently paying below market rate

- 5,000 SF

- NNN lease. Tenant responsible for all Cams

- Small office in the front (+/‐ 500 SF)

- Large warehouse in the back

- 2 drive‐in doors, 10 x 12 each

- 100 amps (480V) – 225 amps (208/120 V)

-NNN estimated at $0.22/SF/MO

-Tenant pays separately metered utilities in addition to base rent & NNN

-Most suites have 10'x10' grade level roll up doors

Vacant land located on Pyramid Way in Sparks, NV

0.39 Acres Available

$0.32/SF per month

Vacant land located on North McCarran Boulevard in Reno, NV

6.02 Acres Available

List price of $3,900,000