880 Ryland St. - LoopNet · Year Built: 2016 Building SF: 5,000 SF Price PSF: $300.00 CAP: 6.40%...

5345 Kietzke Lane, Suite 100Reno, NV 89511775 336 4676 telnaial l iance.com

For more informationDan Oster, SIORO: 775 336 [email protected]

Chase HoustonO: 775 336 [email protected]

880 Ryland St.Reno, Nevada 89502

Property Highlights• Medical Office single tenant investment

• Fully Leased through 2024

• Excellent long term tenant in place with significant investment in buildout

• Modern design and construction built in 2000

• Centrally located near Renown medical campus and proximity todowntown

Property DescriptionFully net-leased single tenant medical office building. Building is leased forthe next six years at a minimum to Reno Gastroenterology. Close proximityto downtown and Renown Medical Campus.

OFFERING SUMMARY

Sale Price $7,000,000

Lot Size 1.36 Acres

Building Size 15,285 SF

Zoning MUWM

DEMOGRAPHICS

Stats Population Avg. HHIncome

1 Mile 18,130 $34,682

2 Miles 134,380 $42,717

3 Miles 244,494 $49,491

For Sale

Medical Office Building$7,000,000


For Sale

Medical Office Building15,285 SF | $7,000,000

Investment Overview

Price $7,000,000

Approximate Square Footage 15,285

Price per Square Footage $457

CAP Rate 5.72%

Operating Data

Gross Operating Income $459,651Operating Expenses - $59,580

Net Operating Income $400,071Debt Service - $412,667

Pre-Tax Cash Flow -$12,595Cash-on-Cash Return % (yr 1) -0.90%

Principal Reduction (yr 1) + $107,346

Total Return (yr 1) $94,750Return on Investment % 6.77%

Financing Data

Loan Amount $5,600,000

LTV 80.00%

Interest Rate 5.500%

Debt Service $412,667

Debt Service Monthly $34,388

Amortization 25

For Sale




Income Summary Per SF

Rental Billings $422,474 $27.64

Insurance Billings $6,399 $0.42

Property Tax Billings $30,777 $2.01

Gross Income $459,651 $30.07

Expense Summary Per SF

Property Tax $39,757 $2.60

Insurance $6,399 $0.42

Management Fees $12,922 $0.85

Gen. Repair & Maintenance $500 $0.03

Gross Expenses $59,580 $3.90

Net Operating Income $400,071 $26.17

For Sale



Additional Photos

For Sale



Gastroenterology Consultants was established 32 YearsAgo. At GI Consultants we are dedicated to the diagnosis,treatment and care of digestive and liver diseases. Ournineteen physicians and three locations make us the largestand most experienced Gastroenterology practice inNorthern Nevada. Our locations include three clinics andthree endoscopy centers. Our endoscopy centers are allAAAHC accredited and we proudly offer the full spectrumof liver and gastroenterological care. Additionally, atGastroenterology Consultants we have our own pathologylab and on-site GI trained pathologist that specializes in thedetection and evaluation of gastroenterology diseases,which offers the benefit of faster and higher quality results.

A gastroenterologist is a physician who is trained in internalmedicine and who specializes in the diagnosis andtreatment of diseases of the digestive system. The digestivesystem includes the esophagus, stomach, small and largeintestine or colon, liver, pancreas and gallbladder.Gastroenterologists also have expertise in DigestiveWellness maintenance, such as advising patients aboutcolon cancer screening and prevention.

The physicians at our practice have highly-specializedtraining in endoscopy procedures of the digestive tract. Acomplete gastrointestinal evaluation may includespecialized studies in addition to a thorough interview andphysical examination. X-rays, labs, and other proceduresmay be ordered and reviewed to assist in evaluating yourdigestive and liver health.

We offer a wide variety of state-of-the-art procedures forthe treatment and diagnosis of gastrointestinal diseases.

Tenant Profile

Tenant Profile


Subject Property

880 Ryland St. | Reno, NV 89502

$7,000,000Sale Price: 1.36 AcresLot Size:

2000Year Built: 15,285 SFBuilding SF:

$457.97Price PSF: 5.72%CAP:

$400,071NOI:

1

604 W Moana LnReno, NV 89509

$2,680,000Sale Price: 41,382 SFLot Size:



10/12/2017Closed: 100%Occupancy:

1

2

9433 Double Diamond PkyReno, NV 89521





The tenant has 4 years left on a 5 year lease and there are 2 - 3 year extensions with 2 % increases each year. The higher thanarea average price per square foot for this property may be explained by this being a newer, high quality, leased property.

2

3

445 S Virginia StReno, NV 89501



$255.10Price PSF: 11/10/2016Closed:

100%Occupancy:

Single tenant 17,836 SF office building with 10 years remaining on an Absolute NNN lease.

3

For Sale



4

333 HolcombReno, NV 89502





The property was purchased as an investment but no cap rate was reported at the time of sale. Per the broker, the building wasfully occupied and tenants are all long-term. No sale condition was mentioned.

4

5

275 Hill StReno, NV 89501





5

6

6005 Plumas StReno, NV 89519





6

For Sale



Subject Property Price Bldg. SF Price/SF CAP

880 Ryland St.Reno, NV 89502

$7,000,000 15,285 SF $457.97 5.72%

Sale Comps Price Bldg. SF Price/SF CAP Close

1604 W Moana LnReno, NV89509

$2,680,000 13,380 SF $200.30 5.25% 10/12/2017

29433 Double Diamond PkyReno, NV89521

$1,500,000 5,000 SF $300.00 6.40% 03/09/2018

3445 S Virginia StReno, NV89501

$4,550,000 17,836 SF $255.10 - 11/10/2016

4333 HolcombReno, NV89502

$2,500,000 14,017 SF $178.35 6.82% 09/06/2017

5275 Hill StReno, NV89501

$3,956,119 17,916 SF $220.81 7.25% 02/23/2017

66005 Plumas StReno, NV89519

$6,900,000 33,507 SF $205.93 6.60% 06/28/2017

Totals/Averages Price Bldg. SF Price/SF CAP

$3,681,020 16,943 SF $226.75 6.46%

For Sale




Dan Oster, SIORSenior Vice President & Principal | Industrial & Office

Properties775.336.4665 tel775.240.7548 cell775.336.4605 [email protected]

Professional Background

Dan's primary responsibility is to listen to a client'srequirement then help them make the best decision possiblebased on the most relevant information available. Afterspending eight years managing corporate informationsystems, Dan entered the commercial real estate field in 2004specializing in the sale and leasing of industrial properties. Danhas participated in the sales and leasing of a wide variety ofIndustrial & Office Properties and Land in Northern Nevada.

Memberships & Affiliations

Dan is a past president of the Northern Nevada Roundtable of

the Council of Supply Chain Management Professionals

(CSCMP) and is an active member of Entrepreneur's

Organization (EO Reno/Tahoe), SIOR, EDAWN, and NNDA.

Clients he has represented include ProLogis, Panattoni

Development, McKenzie Properties, TDC Development

Company, Legacy Supply Chain Solutions, and many local

and regional organizations.

Education

Dan earned both a Bachelor of Science in Management and

his Master of Business Administration from the University of

Nevada, Reno, where he was also elected student body

president while an undergraduate. He is currently an adjunct

professor in the graduate School of Business at the University

of Nevada, teaching an advanced seminar on Supply Chain

Management.

For Sale



Chase HoustonSenior Associate775.336.4645 tel775.848.6007 [email protected]

Professional Background

Chase specializes in office and investment transactionsincluding tenant representation, project leasing, investmentsales, and owner/user sales. He provides his clients with “nextgeneration representation” by utilizing the leading tools andresources available to assist clients in making informed realestate decisions. Through a dedicated focus on clients’ goalsand the consistent monitoring of the market, Chase is highlyproficient in analysis and targeted marketing and possessesdynamic negotiation and execution skills.

Prior to joining NAI Alliance in 2016, Chase worked for theCoStar Group, the largest commercial real estate researchand marketing software company in the US. While there, hetrained clients on how to best conduct research and marketcommercial properties. He also worked directly withcommercial banks and investors to help value properties, findoff-market opportunities, and balance portfolio risk.

Memberships & Affiliations

Chase is an active member of: Economic Development

Association of Western Nevada, Young Professionals

Network, Reno Association of Downtown, and The National

Association of Industrial and Office Properties.

Education

Masters in Business Administration, University of Nevada,

Reno

BS in Economics with a minor in Japanese, University of

Nevada, Reno

For Sale


Dan Oster, SIORSenior Vice President & PrincipalIndustrial & Office PropertiesT +1 775.336.4665E [email protected]

NAI Alliance5345 Kietzke Lane, Suite 100Reno, NV 89511naialliance.com

Chase HoustonSenior AssociateT +1 775.336.4645E [email protected]

880 Ryland St. - LoopNet · Year Built: 2016 Building SF: 5,000 SF Price PSF: $300.00 CAP: 6.40%...

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