Office/Medical Building | 1225 Westfield Ave
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Office/Medical Building 1225 Westfield Ave
15,690 SF 100% Leased Office Building Reno, NV 89509 $4,906,880 CAD ($312.74 CAD/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Property
- Gerber Medical Clinic will lease back the top floor or vacate for an owner/user at COE
- Medical Office Building
- Partial Lease Back Possible - Terms Negotiable
EXECUTIVE SUMMARY
Gerber Medical Clinic would lease back (or vacate) the top floor at COE.
The property is currently occupied by 4 tenants:
- Gerber Medical Clinic (https://www.gerbermedical.com)
- Xavier Martinez, DC (https://www.renospinecare.com)
- William A. Van Meter (https://www.reno13.com)
- John F. Burgess, DPM
The building has 3 small vacancies that can quickly add to the NOI.
The property is currently occupied by 4 tenants:
- Gerber Medical Clinic (https://www.gerbermedical.com)
- Xavier Martinez, DC (https://www.renospinecare.com)
- William A. Van Meter (https://www.reno13.com)
- John F. Burgess, DPM
The building has 3 small vacancies that can quickly add to the NOI.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,690 SF
Building Class
C
Year Built
1963
Price
$4,906,880 CAD
Price Per SF
$312.74 CAD
Cap Rate
7.02%
NOI
$344,704 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,845 SF
Building FAR
0.55
Lot Size
0.66 AC
Zoning
NC
Parking
45 Spaces (2.87 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Kitchen
- Basement
- Central Heating
- Direct Elevator Exposure
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Burgess, John F Dpm
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Gerber Medical
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Gerber Medical Clinic
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- William A. Van Meter
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Xavier Martinez
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Burgess, John F Dpm | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Gerber Medical | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Gerber Medical Clinic | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| William A. Van Meter | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Xavier Martinez | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - |
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 010-201-02 | Improvements Assessment | $412,905 CAD (2024) |
| Land Assessment | $206,982 CAD (2024) | Total Assessment | $619,887 CAD (2024) |
PROPERTY TAXES
Parcel Number
010-201-02
Land Assessment
$206,982 CAD (2024)
Improvements Assessment
$412,905 CAD (2024)
Total Assessment
$619,887 CAD (2024)
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Office/Medical Building | 1225 Westfield Ave
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