DCG is pleased to announce the recent closing of two adjacent office buildings in the Airport Submarket of Reno, Nev. Dominic Brunetti, CCIM and Scott Shanks, SIOR represented the seller in the concurrent disposition of the buildings to two separate buyers.
The 9,797 square foot building located at 1465 Terminal Way was sold for $795,000 to Seven K properties as an investment sale. The adjacent building at 1475 Terminal Way was sold to NCS Terminal, LLC who plans to occupy the building with Reno-based property management company, Nevada Commercial Services. The 15,159-square foot building sold for $1,230,000.
The market for both investment and owner-user acquisitions in Reno/Sparks continues to improve and pricing and rents continue to slowly climb year-over-year.
Dickson Commercial Group (DCG) is a locally owned and operated, full-service commercial real estate firm headquartered in Downtown Reno and serving all of northern Nevada.