SVN Gold Dust Commercial Associates has a client requirement for Automotive Glass Company. Our specifications include:

• Tenant: Automotive Glass Company looking for second location
• Submarket: South Reno preferred
• Needs: Flex Industrial/Retail space; 1 roll-up door minimum
• Square footage: 1,500 – 4,000 SF with retail entry/showroom
• Wants: High visibility/traffic counts
• Timing: Flexible; considering build-to-suit opportunities
• Term: 5-10 year lease for the right location

Please contact Heather Collins with any potential properties.

A ±2,941 square foot office space in Downtown Reno is available for lease with a reduced price of $1.80 PSF/Month. The office is located at 435 Court St. and overlooks the Truckee River.

The property features a first-floor lobby, 3 large offices, a bathroom and kitchen, a second floor with 5.5 office, 2 bathrooms, storage and covered balcony.

View the property listing here: http://www.svngdca.com/properties/?propertyId=347138-lease&tab=map

SVN Gold Dust Commercial Associates has a client requirement for a 1031 Buyer. Our specifications include:

• 1031 Buyer
• Needs to identify a property by September 18, 2018
• On or off-market properties welcome
• $1-$2MM Retail or Mixed-Use
• Investment properties only please
• Single or Multi-Tenant
• Midtown, Downtown, or Wells Ave areas preferred.  Will consider other parts of Reno/Sparks.

Please contact Tomi Jo Lynch with any potential properties.

A ±1,341 to ±1,712 square foot Class A Office is available for lease. The office is located in the Parkway Professional Center in Carson City.

The lease rate is $1.35 PSF/Mo and the property features flexible floor plans and ample parking.

To request more information or to download the property flyer, please visit the site’s listing page: http://www.svngdca.com/properties/?propertyId=24342-lease

SVN Gold Dust Commercial Associates is pleased to present the inventory report for September 2018. Multiple new listings are available, including an office space at 9400 Gateway Dr. in Reno and an Automotive, Industrial and Flex space with a yard at 5460 Highway 50E in Carson City.

SVN also closed numerous listings including a Retail and Industrial Flex space at 550 Mallory Way in Carson City and an Industrial Flex building on 155 E. Glendale Avenue in Sparks.

View and search the complete inventory here.

Just listed! A ±2,330 square foot Class A Office located at 9400 Gateway Dr. is available for lease. This space includes ±1,500 SF of secured yard space and a large common area and conference room.

To request more information or to download the property flyer, please visit the site’s listing page: http://www.svngdca.com/properties/?propertyId=368074-lease

Just listed! A ±4.38-acre piece of land in Spanish Springs Business Center is available for sale or Build-to-Suit. The land is located at 0 Ingenuity Ave in Spanish Springs and is listed for $668,000.

To request more information or to download the property flyer, please visit the site’s listing page: http://www.svngdca.com/properties/?propertyId=346939-sale

By Tomi Jo Lynch of SVN | Gold Dust Commercial Advisors

Opportunity zones are a new means by which real estate investors can defer capital gains tax, while simultaneously investing in low income communities. Opportunity zones are part of the recent Tax Cuts and Job Act signed on December 22, 2017 and offer investors an alternative to the traditional 1031 exchanges. The provision was largely supported by both sides of the aisle, therefore there was little to no media coverage about this new provision. Many of the rules and regulations are still being interpreted and defined by the IRS.

Six things you should know about Opportunity Zones:

1. The purpose is to deploy long term capital to low income communities in order to spur economic development.
2. Opportunity zones are defined by the Governor of each state and are subject to guidelines outlined in the Tax Cuts Job Act. For example, they must be located in low income census tracts or adjacent to low income census tracts, the areas must show some signs of positive momentum and job growth or have older housing stock that needs renovation.
3. Investors have 180 days from the sale of an asset to reinvest in an Opportunity Zone. Unlike 1031 exchanges there are no intermediaries, complex timelines, or the need to pre-identify the replacement asset. Opportunity zones are not intended to replace 1031 exchanges and do not suit all investor profiles.
4. In order to ensure the capital is deployed in these areas for the long term, there is an additional incentive of a step up in basis based on your hold period. There is a 10% step up in basis after a 5 year hold, a 15% step up in basis after 7 years, and the full benefit can be realized by complete deferment of any gains after the asset is held for 10 years.
5. An important caveat for real estate investors is the Substantial Improvement clause, which states that an asset must have substantial improvements made to the property within the 30 months following acquisition of the asset and that the total capital expenditures made must exceed the purchase price of the property. For example, a cash flowing shopping center with little deferred maintenance located in an opportunity zone would not qualify as it does not require any large capital expenditures. However, a vacant industrial building with an acre of yard that an investor would like to re-purpose into multi-unit housing might qualify nicely.
6. Last of all, there is a list of prohibited uses, such as liquor stores, massage parlors, racetracks, suntan facilities, and golf courses, that would negate the ability to qualify for the tax benefits of an opportunity zone investment.

This legislation is very new, and the rules of the road will continue to be defined and clarified over the coming years. For more information on opportunity zones, talk to your experienced commercial real estate advisor, accountant, and attorney.

**This article is not to be construed as legal or tax advice. Anyone interested in pursuing an opportunity zone investment should consult with an attorney and accountant.

A ±5,600 square foot industrial flex space located at 5460 Highway 50E in Carson City is available for lease. With a lease rate of $800 – $2,080 a month, this site has three units available and can be divided to ±1,000, ±2,000, and ±2,600 SF.

To request more information or to download the property flyer, please visit the site’s listing page: http://www.svngdca.com/properties/?propertyId=213951-lease

SVN Gold Dust Commercial Associates is pleased to present the inventory report for August 2018. Multiple new listings are available, including a parcel of land in Spanish Springs and an office space for lease in downtown Reno.

SVN also closed numerous listings, including two properties in Carson City with SVN Gold Dust Commercial Associates’ Tom Johnson and Jack Brower representing the buyer and seller, respectively. The transactions of an industrial and commercial site closed on July 6 for a combined value of $1,325,000.

View and search the complete inventory here.