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1.58 acres of commercial property land, located at 1155 Old Highway 40 West in Verdi, NV, is available for sale for $2,500,000.
The property is minutes from Nevada/California state line, 25 minutes to Truckee and 45 minutes to North Lake Tahoe. Other property highlights include:
View the complete listing here: https://www.svngdca.com/properties/?propertyId=543889-sale
An Office/Flex Industrial Space, located at 230 S. Rock Blvd in Reno, is available for lease for $1.25 SF/month (MG).
The 3,600 square foot space features multiple private offices, a conference room, reception area, warehouse and open workspace.
The space is centrally located in Reno’s airport industrial submarket, has easy access to Interstate I-80 and 580, and is close in proximity to the Reno/Tahoe International Airport.
View the complete listing here: https://www.svngdca.com/properties/?propertyId=520805-lease
SVN|Gold Dust Commercial Associates announced this week a merger with Community Ventures|RE, a move that grows the company to a total headcount of 19 advisers, property managers and support staff.
The two firms will be known as SVN|Gold Dust Commercial Associates moving forward, according to Sept. 3 press release provided by MNG Partners, Inc., on behalf of the company.
“For us, it is all about the culture. Cultural fit was at the forefront for every discussion with Community Ventures,” said Tomi Jo Lynch, managing director of SVN|Gold Dust Commercial Associates, in a statement. “This merger allows for instant growth while maintaining our unique and collaborative culture.
“Community Ventures will be gaining a host of tools and resources offered by SVN, allowing each advisor to better service their clients and accounts. SVN will be gaining industry expertise and increased market share thorough this merger.”
Commercial real estate advisory firm Community Ventures|RE was founded in Reno in 2018 a certified B-Corporation.
“We are excited to join such a strong group and national brand,” Community Ventures|RE Founder and Managing Partner Michael Schnabel said in a statement. “The synergies and alignment between our two firms are unique and will not only add significant value to our clients, but provide a competitive edge for our team members.”
SVN|Gold Dust Commercial Associates — affiliated with the SVN National Network — is based out of Northern Nevada and has offices in both Reno and Carson City.
We are pleased to welcome Wes Brogan to our team! We announced the hiring of Wes Brogan as an associate adviser. Brogan specializes in the sale and lease of office and industrial properties. Previously, Brogan served in the U.S. Air Force and earned a Bachelor of Science in finance from the University of Maryland.
Check out his announcement in the Northern Nevada Business View
SVN Gold Dust Commercial Associates, Managing Director, Tomi Jo Lynch CCIM and Daniel Buhrmann of CBRE were featured in the Northern Nevada Business View for the sale of a 107,338 square foot industrial space, Turner Air Crossing, located at 4690 Longley Lane in Reno, Nevada for $13,130,000.00.
In $13 million deal, sale of 107,338 sq. ft. industrial space closes in south Reno
RENO, Nev. — SVN Gold Dust Commercial Associates recently completed the sale of a 107,338-square-foot industrial space in southeast Reno for $13.13 million.
SVN Gold Dust Managing Director Tomi Jo Lynch, CCIM, and Daniel Buhrmann of CBRE co-listed the property — known as Turner Air Crossing, located at 4690 Longley Lane — and represented the seller, TREF Reno, LLC, in the transaction that closed July 31.
The transaction was purchased by a family out of California through a 1031 Exchange, according to an Aug. 20 news release provided by MNG Partners, Inc., on behalf of SVN Gold Dust
At the time of closing, the property was 98% occupied and traded at a 5.33% cap rate. The original listing price for Turner Air Crossing was $12.7 million, according to SVN Gold Dust.
“The influx of capital coming from out-of-state investors remains strong,” Lynch said in a statement. “We are seeing unprecedented activity in the industrial investment market where multiple offers and bidding wars have become the norm.”
TREF Reno, LLC originally acquired Turner Air Crossing out of receivership via an online auction for $3.4 million in 2012. Lynch assisted with that acquisition and has held the leasing for the past seven years
Further, SVN Gold Dust will retain the leasing for the new ownership.
The buyer was represented by William Severi, CCIM, of North Bay Property Advisors in Santa Rosa, California.
SVN Gold Dust Commercial Associates is pleased to present the inventory report for August 2019. New listings include:
New Listing Alert: Historic Retail/Hotel in Virginia City
This ± 10,470 square foot retail/hotel historical building is located in Virginia City. The bottom floor is 100% leased to various retail tenants, and the second floor is renovated into ±16 plus spacious accommodations with modern amenities with private bathrooms. This historical piece is a staple property within the Virginia City area and sits on the main road, next to many other museums and adventure opportunities. This property is full of history, as it has hosted many colorful characters in its historical past.
New Listing Alert: Professional Office Space in Reno
A 1,018 square foot professional office space is available for lease. The suite contains an entrance on Maestro, reception, two private offices, break room, open bullpen, restroom and IT/storage closet. The building is centrally location in between Longley Lan and South Meadows in South Reno.
Featured Listing for August 2019: Industrial Flex Space in Reno
A ± 3,600 square foot unit is available for lease. Office, flex, showroom and warehouse throughout five class A building. There are a variety of sizes and configurations available with tenant improvement packages. This building sits on a high traffic corner and is situated between two intersections with access to SouthEast Connector as well as access to downtown, south Reno and Sparks.
Recently Closed Deal: The Twaddle Mansion, 485 W 5th Street in Reno
Senior Advisor Amanda Eastwick represented the seller, Laurence P. Digesti and Robyn McKinley Digesti, in the sale of the Twaddle Mansion, located at 485 W 5thSt. in Reno for $640,000. This transaction closed on Tuesday, July 16 for $640,000 and featured a 35-day closing. This historic building, located in a redevelopment area, was acquired by a local business owner.
The Mansion was constructed for Eben Twaddle who was a Reno Fire Marshall and a rancher in Washoe Valley. The building is perhaps the finest example of the Colonial Revival style in Reno. The ornamentation is outstanding in its variety and application. The lower floor, in particular, expresses a flamboyance rarely seen in a vernacular building outside of a large city. The porch, arched facade window and pedimented porch are unmatched in Reno in dramatic elegance. The Twaddle Mansion has been listed on the National Register of Historic Places Since 1983.
Recently Closed Deal: Turner Air Crossing, 4690 Longley Lane in Reno
Managing Director, Tomi Jo Lynch CCIM and Daniel Buhrmann of CBRE, co-listed the property and represented the seller, TREF Reno, LLC, in the transaction which closed on Wednesday, July 31, 2019. Bringing multiple buyers to the table, Lynch and Buhrmann negotiated the sale well above the original listing price of $12,700,000. The transaction was purchased by a family out of California through a 1031 Exchange. At the time of closing the property was 98% occupied and traded at a 5.33% cap rate.
The seller originally acquired Turner Air Crossing out of receivership via an online auction for $3,400,000 in 2012. Lynch assisted with that acquisition and has held the leasing for the past seven years. SVN | Gold Dust Commercial Associates will also be retaining the leasing for the new ownership.
SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of a 107,338 square foot industrial space, Turner Air Crossing, located at 4690 Longley Lane in Reno, Nevada for $13,130,000.00.
Managing Director, Tomi Jo Lynch CCIM and Daniel Buhrmann of CBRE, co-listed the property and represented the seller, TREF Reno, LLC, in the transaction which closed on Wednesday, July 31, 2019. Bringing multiple buyers to the table, Lynch and Buhrmann negotiated the sale well above the original listing price of $12,700,000. The transaction was purchased by a family out of California through a 1031 Exchange. At the time of closing the property was 98% occupied and traded at a 5.33% cap rate.
“The influx of capital coming from out of state investors remains strong. We are seeing unprecedented activity in the industrial investment market where multiple offers and bidding wars have become the norm, ” said Lynch.
The seller originally acquired Turner Air Crossing out of receivership via an online auction for $3,400,000 in 2012. Lynch assisted with that acquisition and has held the leasing for the past seven years. SVN | Gold Dust Commercial Associates will also be retaining the leasing for the new ownership.
The buyer was represented by William Severi, CCIM of North Bay Property Advisors in Santa Rosa, California.
SVN |Gold Dust Commercial Associates is proud to announce Wes Brogan as an associate advisor.
Brogan specializes in the sale and lease of office and industrial properties. Previously, Brogan served in the United States Air Force and earned a Bachelor of Science in finance from the University of Maryland.
SVN | Gold Dust Commercial Associates is an independently owned and operated SVN® office located in Reno, Nevada. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outside value for all stakeholders. For more information, visit www.svn.com
Senior Advisor Amanda Eastwick represented the seller, Laurence P. Digesti and Robyn McKinley Digesti, in the sale of the Twaddle Mansion, located at 485 W 5th St. in Reno for $640,000.
This transaction closed on Tuesday, July 16 for $640,000 and featured a 35-day closing. This historic building, located in a redevelopment area, was acquired by a local business owner.
The Mansion was constructed for Eben Twaddle who was a Reno Fire Marshall and a rancher in Washoe Valley. The building is perhaps the finest example of the Colonial Revival style in Reno. The ornamentation is outstanding in its variety and application. The lower floor, in particular, expresses a flamboyance rarely seen in a vernacular building outside of a large city. The porch, arched facade window and pedimented porch are unmatched in Reno in dramatic elegance. The Twaddle Mansion has been listed on the National Register of Historic Places Since 1983.
Amanda Eastwick is a Senior Advisor at SVN | Gold Dust Commercial Associates, specializing in industrial and office properties with a focus on tenant and buyer representation.
Mike Gallegos CCIM, was featured in the Northern Nevada Business View. SVN | Gold Dust Commercial Associates announced Mike Gallegos CCIM as sales manager.
In his new role, Gallegos will be responsible for training and onboarding new agents as well as coaching and elevating the success of the existing team. Gallegos will be creating and implementing accountable measurements for the brokerage team and analyzing and tracking sale statistics.
Gallegos earned his Certified Commercial Investment Member (CCIM) designation in 2010. Gallegos’ industry experience includes key market growth roles with firms ranging from publicly traded institutional format to boutique-sized brokerage powerhouses. He received a Bachelor of Arts in international relations from the University of Southern California.
