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

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 5^th 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.

A fully built out professional spa and salon, located at 560 E Plumb Lane is available for lease. The property is complete with high end finishes, multiple private offices and treatment rooms. The space includes an open bullpen and work areas in addition to a reception, break room and laundry room. A new tenant will have signage options on Plumb Ln and a private parking lot of employee and customers.

The property is located on Plumb Lane east of Midtown. The property is situated between the Reno-Tahoe International Airport and the new Parklane development.

View the complete listing here: https://www.svngdca.com/properties/?propertyId=513329-lease

SVN Gold Dust Commercial Associates is pleased to present the inventory report for July 2019. New listings include:

New Listing Alert: Office for Lease in Reno

A fully built out professional spa and salon, located at 560 E Plumb Lane is available for lease. The property is complete with high end finishes, multiple private offices and treatment rooms. The space includes an open bullpen and work areas in addition to a reception, break room and laundry room. A new tenant will have signage options on Plumb Ln and a private parking lot of employee and customers.

The property is located on Plumb Lane east of Midtown. The property is situated between the Reno-Tahoe International Airport and the new Parklane development.

 New Listing Alert: Office for Sale in Reno

This 17,980 square foot Single Tenant property is fully leased to the U.S. Department of Homeland Security Citizenship and Immigration Services Office.

The property is situated on the North East end of the Magnolia Double R business park in the South Meadows submarket. It’s situated between professional office and industrial zoning and the property also includes a gated entrance and ample parking. The new Department of Motor Vehicles is to be built within one mile from this location.

Featured Listing for July 2019: Parkway Professional Center in Carson City

This ten-building office complex with individual suites is available for lease for professional office or medical use. This property is well located at the freeway bypass and is situated at the west end of Carson City. The space included flexible floor plans and attractive building designs.

Recently Closed Deal: 1375 & 1395 E Fremont Lane in Fernley, NV

Managing Directors Tomi Jo Lynch, CCIM and Thomas Y. Johnson, CCIM represented the seller, JohnNew LLC in the sale of 1375 & 1395 E Fremont Lane in Fernley, NV.

This transaction of 13.12 acres of land, located in the path of progress and surrounded by new retail development, closed on Tuesday, June 17 for $2,150,000. The land was acquired by a multi-family developer.

Recently Closed Deal: 0 Western Road

Senior Advisor Casey Prostinak of SVN | Gold Dust Commercial Associates, represented the buyer in the sale 7.48 acres of land located at 0 Western Road in Reno, Nevada. The land, purchased for development by an all-cash buyer, closed on Tuesday, June 12 for $1,270,000.

Prostinak specializes in investment sales of industrial and office properties.

Senior Advisor Casey Prostinak of SVN | Gold Dust Commercial Associates, represented the buyer in the sale 7.48 acres of land located at 0 Western Road in Reno, Nevada. The land, purchased for development by an all-cash buyer, closed on Tuesday, June 12 for $1,270,000.

Prostinak specializes in investment sales of industrial and office properties.