JUST SOLD – $2,974,500

25 Ponderosa, West Wendover, NV

Congratulations to Wes Brogan, Associate Advisor, on finding his client their next investment! “This was a very fast and smooth transaction and was over the asking price. Congratulations to my client.” Brogan said of the deal.

January 6, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of Westridge Corners at 5375 Mae Anne Avenue in Reno for $9,900,000.

Senior Advisor, Jack Brower, CCIM of SVN|Gold Dust Commercial Associates represented the seller in the transaction. Tom de Jong, MBA, SIOR and Melissa Molyneaux, CCIM, SIOR at Colliers International represented the buyer.

Through proactively marketing the property, Brower procured a substantial offer of $9,900,000. Westridge Corners is a stabilized, long standing neighborhood center. After holding this asset for 30 years, the seller decided it was time to maximize his returns and deploy his capital elsewhere. With upside in rents, this deal is beneficial for both seller and buyer. SVN| Gold Dust Commercial Associates prides itself on achieving the best result for all parties. With an emphasis on cooperation and collaboration, SVN| Gold Dust is able to accomplish more deals at a faster pace and optimize return and value for everyone involved in the transaction.

January 3, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 63 Keystone Avenue for $2,350,000.
Managing Director, Tomi Jo Lynch, CCIM, SIOR represented the buyer and the seller, while Associate Advisor Sean Field and Casey Prostinak represented the seller in the transaction. Utilizing our platform of cooperation and maximum exposure for the listing, SVN received multiple offers in a short period of time and ultimately achieved a deal above the asking price.
The building was fully leased at the time of the sale with several longstanding tenants and excellent property management, making it a highly desirable investment for the new owners. 63 Keystone has also been renovated over the past five years and features a large piece of Burning Man art in the front of the building, further elevating the office’s curb appeal. This is the second time Lynch has been involved on the sale of this asset. Lynch said of the transaction, “There is nothing better than repeat clients on both sides of the transaction and seeing an asset through all three laps of its lifecycle: acquisition, holding, and disposition. We are looking forward to assisting the new owners with leasing and management of this asset during their holding period.”
SVN is the only major commercial real estate brand that proactively markets all its qualified properties to the entire brokerage and investment community. Participating in approximately $12.5 Billion in sales and leasing transactions in 2020, SVN advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference that allowed our agents to close this sale quickly, and above asking.

Tomi Jo Lynch, SIOR, CCIM, Managing Director of SVN | Gold Dust Commercial Associates has achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,200 commercial real estate professionals who have earned the coveted SIOR designation.

To achieve the SIOR designation, Lynch, SIOR, CCIM completed at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.

Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 685 cities in 36 countries around the world. SIOR enforces a strict code of ethics and require designees to complete its ethics course within their first three years of membership.

Tomi Jo Lynch, SIOR, CCIM is a Managing Director with SVN® | Gold Dust Commercial Associates specializing in industrial properties with a focus on landlord representation and investment sales. Lynch’s responsibilities at SVN® are varied and include brokerage services, business development, and management of the brokerage team. Lynch has closed over $116 Million in transaction volume since beginning at SVN. Lynch has a passion for finding value-add opportunities for her clients, providing creative real estate solutions, and operates as a holistic solutions provider for clients.

“Tomi Jo is a prime example of an exemplary Commercial Real Estate professional. To achieve both the CCIM designation and the prestigious SIOR designation truly sets her apart in the Commercial Real Estate industry. These designations signify an ongoing commitment to practicing her craft at a high standard every day,” Thomas Y. Johnson, Co-Managing Director and Corporate Broker for SVN, said in a statement.

Lynch attended the University of Colorado, Boulder due to their outstanding business school and commercial real estate program where she learned the nuts and bolts of the industry. Lynch worked for several other brokerages, including CBRE, prior to joining SVN.

In addition, Lynch served on the NAIOP Board of Directors for three years where she played a role in sponsorship, programs, and overall recruitment. Lynch currently serves as President Elect of both CREW Northern Nevada and CCIM of Northern Nevada.

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SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability, and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,200 members in 685 cities and 36 countries. For more information, visit www.sior.com.

Senior Advisor, Jack Brower, CCIM, represented the Seller in the sale of this industrial distribution site. The 31-acre parcel will be home to a commercial bakery.

Senior Advisor, Casey Prostinak, represented the Buyer in this 1031 Exchange.

Senior Advisor, Gerrit Hillebrand, represented the Buyer in the acquisition of this single-story multifamily asset. The property is a Value-Add Opportunity with low vacancy. The close date was 4/16/2021.

SVN Gold Dust Commercial Assoistactes Senior Advisor Christopher Mann, MCR represented the tenant on an industrial lease of 4022 Technology Drive, a 15,675 square foot space located in Carson City. The long-term lease was obtained in record time after comprehensive market analysis.

The transaction was a cooperative effort between SVN Gold Dust Commercial Assoistactes and Gillmor Coons Real Estate Group. The industrial space is a high power, high feature production facility and is being leased by a leading-edge food grade manufacturer.

Managing Director, Tomi Jo Lynch, CCIM and Senior Advisor Christopher Mann, MCR represented the owner in the transaction of a 28,950 square foot industrial space at 14400 Lear Boulevard. The space is located in the North Valley’s submarket and is a freestanding building.

Managing Director, Tomi Jo Lynch CCIM represented the seller in the sale of a 5,368 square foot space located at 5875 Tyrone Road. This transaction included a cash buyer, received multiple offers, and spent minimal time on the market.