October 19, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 550 Mallory Way, Carson City, NV.

Jack Brower, CCIM, and Wes Brogan represented the Seller of this ± 119,500 SF industrial building located in the heart of Carson City. 550 Mallory sports close proximity to Highway 50, Highway 395, Interstate 580, and Carson City’s two busiest thoroughfares. The building offers a range of clear height from 12 feet to 20 feet, as well as several dock-high and at-grade doors. The property is also well situated in the Northern Nevada industrial market which boasts one day truck service to eight states and two-day truck service to 11 western states.

This class C industrial facility is one of the largest of its kind in Carson City and will be used by the owner. The remaining space not occupied by the owner is currently available for lease.

October 18, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 401 Los Altos Parkway, Sparks, NV, for $1,900,000.  Managing Director, Tomi Jo Lynch, CCIM, SIOR, represented the Seller of this ± 1.079 acre pad site.

401 Los Altos is one of the last available pad sites on the highly trafficked retail corridor of Los Altos Parkway. Over 13,000 vehicles travel Los Altos Parkway daily, making this corridor incredibly desirable for retailers and restaurants, alike. Centrally located in the Spanish Springs Town Centre, 401 Los Altos boasts a population of over 81,000 within only three miles. This pad site also offers excellent visibility and signage for the new owner.

August 29, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 1190 Corporate Boulevard, Reno, NV.  Senior Advisor, Christopher Mann, MCR, completed the disposition of this ± 4,088 SF flex industrial building on 1.194 acres in Reno, NV. The disposition took thirty days and elicited multiple offers.

Mann serves the warehouse, distribution, e-commerce & manufacturing asset classes for both owners and occupiers, leveraging extensive experience in corporate real estate, brokerage, industrial development, and land use entitlements.

To experience CRE service at the highest level, please contact SVN Industrial Markets Group / Christopher Mann / 775.224.9935 / Christopher.mann@svn.com.

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.

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.