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245 Coney Island Dr
71,427 SF 64% Leased Industrial Building Sparks, NV 89431 $15,911,499 CAD ($223 CAD/SF)
INVESTMENT HIGHLIGHTS
- Investment Opportunity at 64.24% Occupancy.
- Central Location, and Recently Completed a $1.8M Refresh/Upgrade.
- Owner user purchase can occupy of 25,545 SF Space.
- Ideal West Coast Distribution/Manufacturing Location.
EXECUTIVE SUMMARY
The 245 Coney Industrial offering offers the rare opportunity to acquire a highly-functional, dock-high, multi-tenant and infill industrial/warehouse facilitiy in the rapidly-growing Reno/Sparks market area.
Totaling 71,427 square feet, and 64.2.% occupied, the offering is located on a fee-simple parcel, including two suites (one at 45,884 square feet and the other at 25,543 square feet).
The property’s physical divisibility and build-out perfectly accommodates the dominant type of tenant demand in the local market, which is the mid-bay-sized (10,000-50,000 square foot), dock-high industrial/distribution and manufactuing users.
The property’s central location, attractive size, diversified tenant mix, under-market rents, and 22’-24' clear, dock-high front-loading space combine to provide a highly-compelling industrial investment at attractive yields and pricing relative to other west coast infill markets.
PROPERTY FACTS
| Price | $15,911,499 CAD | No. Stories | 1 |
| Price Per SF | $223 CAD | Year Built/Renovated | 1976/2016 |
| Sale Type | Investment | Parking Ratio | 0.7/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 23’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 7 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 2.96 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 71,427 SF |
| Price | $15,911,499 CAD |
| Price Per SF | $223 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.96 AC |
| Rentable Building Area | 71,427 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2016 |
| Parking Ratio | 0.7/1,000 SF |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
AMENITIES
- Fenced Lot
- Front Loading
- Signage
- Waterfront
- Storage Space
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- EXPANSIVE truck courts, driveways & extra +/- 16K SF fenced paved yard space for ample parking or storage - BRAND NEW OFFICE ±1,489 SF includes reception, showroom, open cubicle area, private offices, conference room, break room & restrooms - TENANTS CHOICE: two dock doors & one 12’x14’ drive-in door or three dock doors - $1.8M REMODEL COMPLETED including new office, new roof, new landscaping/curbing/island, new pavement, & additional docks / drive-in –additional custom BTS Tenant Improvements possible - HEAVY POWER: 400A/480V/3PH
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 101 | 25,545 SF | Industrial | Partial Build-Out | Now |
1st Fl - 101
| Size |
| 25,545 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 101
| Size | 25,545 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
- EXPANSIVE truck courts, driveways & extra +/- 16K SF fenced paved yard space for ample parking or storage - BRAND NEW OFFICE ±1,489 SF includes reception, showroom, open cubicle area, private offices, conference room, break room & restrooms - TENANTS CHOICE: two dock doors & one 12’x14’ drive-in door or three dock doors - $1.8M REMODEL COMPLETED including new office, new roof, new landscaping/curbing/island, new pavement, & additional docks / drive-in –additional custom BTS Tenant Improvements possible - HEAVY POWER: 400A/480V/3PH
PROPERTY TAXES
| Parcel Number | 034-362-22 | Improvements Assessment | $950,900 CAD |
| Land Assessment | $575,503 CAD | Total Assessment | $1,526,403 CAD |
PROPERTY TAXES
ZONING
| Zoning Code | I (Industrial building) |
| I (Industrial building) |
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245 Coney Island Dr
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