645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B & 106 …...645 sierra rose drive, suites 104, 105a,...

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645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B & 106 RENO, NV 89511 QUAIL CORNERS SOUTH MAINTENANCE ASSOCIATION THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS. EXCLUSIVELY LISTED SALE OPPORTUNITY EDWARD G. YUILL B.0018931.LLC [email protected] CALL US TODAY AT 775.825.7979 This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies www.ribeirocorp.com OFFICE HOURS: Monday-Friday 8:00 AM—5:00 PM 6490 S. McCarran Blvd., Bldg. E Reno, NV 89509 www.ribeirocorp.com PROFESSIONAL OFFICE SPACE FOR SALE OWNER/OCCUPANT OR SELLER LEASE BACK OPTION SALE PRICE: $1,600,000.00 Design/Development: Johnny A. Ribeiro Project Mgt./Brokerage: Edward G. Yuill

Transcript of 645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B & 106 …...645 sierra rose drive, suites 104, 105a,...

  • 645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B & 106 RENO, NV 89511

    QUAIL CORNERS SOUTH MAINTENANCE ASSOCIATION

    THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.

    EXCLUSIVELY LISTED SALE OPPORTUNITY

    EDWARD G. YUILL B.0018931.LLC

    [email protected]

    │ │CALL US TODAY AT

    775.825.7979

    This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the

    information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies

    www.ribeirocorp.com

    OFFICE HOURS: Monday-Friday

    8:00 AM—5:00 PM

    6490 S. McCarran Blvd., Bldg. E

    Reno, NV 89509

    www.r ib e i ro c or p .c o m

    PROFESSIONAL OFFICE SPACE FOR SALE

    OWNER/OCCUPANT OR SELLER LEASE BACK OPTION

    SALE PRICE: $1,600,000.00

    Design/Development: Johnny A. Ribeiro

    Project Mgt./Brokerage: Edward G. Yuill

  • THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.

    EXCLUSIVELY LISTED SALE OPPORTUNITY

    EDWARD G. YUILL B.0018931.LLC

    [email protected]

    │ │CALL US TODAY AT

    775.825.7979

    This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the

    information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies

    www.ribeirocorp.com

    OFFICE HOURS: Monday-Friday

    8:00 AM—5:00 PM

    6490 S. McCarran Blvd., Bldg. E

    Reno, NV 89509

    www.r ib e i ro c or p .c o m

    PROPERTY INFORMATION

    645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B, 106 ● RENO, NV 89511

    Design/Development: Johnny A. Ribeiro

    Project Mgt./Brokerage: Edward G. Yuill

    Asking Price: $1,600,000.00 ($196.54 p.s.f.)

    CAP Rate: 6.34%

    Property Type: ALL—PLANNED UNIT DEVELOPMENT (PUD)

    Class: B Garden Style

    Lease Type: Modified Gross

    Tenancy: Multi

    Square Footage: 8,141 sq. ft.

    Year Built: 2005

    Broker 2%

  • THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.

    EXCLUSIVELY LISTED SALE OPPORTUNITY

    EDWARD G. YUILL B.0018931.LLC

    [email protected]

    │ │CALL US TODAY AT

    775.825.7979

    This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the

    information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies

    www.ribeirocorp.com

    OFFICE HOURS: Monday-Friday

    8:00 AM—5:00 PM

    6490 S. McCarran Blvd., Bldg. E

    Reno, NV 89509

    www.r ib e i ro c or p .c o m

    PROPERTY INFORMATION

    645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B, 106 ● RENO, NV 89511

    Design/Development: Johnny A. Ribeiro

    Project Mgt./Brokerage: Edward G. Yuill

    2019 Expenses

    Management Fee: $6,099.27

    Gas: $251.75

    Electric: $480.26

    Water: $219.84

    Sewer: $375.33

    Repairs/Maintenance: $360.69

    Lock & Key: $54.25

    Association Dues: $26,269.48

    Property Tax: $8,743.20

    Taxes/License: $350.00

    Total: $49,303.28

    Year to Date Expenses — 8-31-20

    Management Fee: $3,661.48

    Gas: $215.52

    Electric: $458.26

    Water: $149.88

    Sewer: $197.70

    Repairs/Maintenance: $89.85

    Lock & Key: $366.98

    Unit Clean: $2,044.00

    Flooring: $3,009.20

    Association Dues: $20,412.05

    Property Tax: $4,538.79

    Taxes/License: $350.00

    Total: $34,493.21

  • Tenant sq. ft. Annual Base

    Increase Option Expiration State Date

    GLA

    Kenyon & Associates 3,311 $57,612 No No 11-30-2022 10-1-2015 40.7

    Seller Lease Back #105A 2,545 $42,756 No No TBD TBD 31.3

    Behavioral Health Solutions 890 $18,696 No Yes 10-31-2022 11-1-2020 10.9

    Conigilo & Ideker 1,395 17.1 9-1-2020 8-31-2023 No $25,308 Yes

    Tenant % of NOI Expiration Lease Signature Original Term

    Kenyon & Associates 40% 11-30-2022 Personal 84 months

    Seller Lease Back #105A 30% TBD - 24 month

    Behavioral Health Solutions 13% 10-31-2022 Corporate 24 months

    Conigilo & Ideker 17% 36 months 8-31-2023 Personal

    2021 Projections

    Projected Income $146,484.00

    Projected Expense $45,000.00

    Projected NOI $101,484.00

    THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.

    EXCLUSIVELY LISTED SALE OPPORTUNITY

    EDWARD G. YUILL B.0018931.LLC

    [email protected]

    │ │CALL US TODAY AT

    775.825.7979

    This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the

    information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies

    www.ribeirocorp.com

    OFFICE HOURS: Monday-Friday

    8:00 AM—5:00 PM

    6490 S. McCarran Blvd., Bldg. E

    Reno, NV 89509

    www.r ib e i ro c or p .c o m

    PROPERTY INFORMATION

    645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B, 106 ● RENO, NV 89511

    Design/Development: Johnny A. Ribeiro

    Project Mgt./Brokerage: Edward G. Yuill

  • THE RIBEIRO COMPANIES HAVE SPECIALIZED IN COMMERCIAL PROPERTIES FOR OVER 50 YEARS.

    EXCLUSIVELY LISTED SALE OPPORTUNITY

    EDWARD G. YUILL B.0018931.LLC

    [email protected]

    │ │CALL US TODAY AT

    775.825.7979

    This information has been secured from sources we believe to be reliable, however, we make no representations or warranties, expressed or implied, as to the accuracy of the

    information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2014 The Ribeiro Companies

    www.ribeirocorp.com

    OFFICE HOURS: Monday-Friday

    8:00 AM—5:00 PM

    6490 S. McCarran Blvd., Bldg. E

    Reno, NV 89509

    www.r ib e i ro c or p .c o m

    PROPERTY INFORMATION

    645 SIERRA ROSE DRIVE, SUITES 104, 105A, 105B, 106 ● RENO, NV 89511

    Design/Development: Johnny A. Ribeiro

    Project Mgt./Brokerage: Edward G. Yuill

    VACANT SUITE