380-390 Freeport Blvd 2 Flex Properties Offered at $12,041,931 CAD in Sparks, NV
INVESTMENT HIGHLIGHTS
- Flex Industrial Asset Class
- Low Vacancy
- Diverse Tenant Mix
- NNN Investment
- Recent Capital Improvements Completed
- No Traditional Automotive Tenants
EXECUTIVE SUMMARY
LOGIC Commercial Real Estate is pleased to present for sale 380 & 390 Freeport Blvd. located in Sparks. The property is well situated in the industrial core submarket and consists of +/- 39,731 SF of desirable flex industrial spaces. With extensive capital improvements completed throughout the past twelve months including paint, lighting, air conditioning, interior renovation, and roof, the asset is now situated to provide steady, long-term cash flor. Additional stabilization improvements have also been completed including a professional management team and BOMA survey.
PROPERTY FACTS
| Price | $12,041,931 CAD |
| Price / SF | $304.30 CAD / SF |
| Cap Rate | 7.01% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 39,572 SF |
| Total Land Area | 3.98 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 380 Freeport Blvd, Sparks, NV 89431 | Flex | 22,016 SF | 1975 | - |
| 390 Freeport Blvd, Sparks, NV 89431 | Flex | 17,556 SF | 1974 | - |
