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.

Senior Advisor Amanda Eastwick represented the owner on an industrial lease of 2555 Peru Drive in The Tahoe-Reno Industrial Center.

The 25,000 square foot industrial building will be used for a COVID-19 antibody development and manufacturing company. This listing spent minimal time on the market and is being leased by a California business relocating to Nevada.

Associate Advisor Wes Brogan of SVN | Gold Dust Commercial Associates, represented the tenant in the leasing of 875 E Patriot Blvd in Reno, Nevada for a 5-year term.  Brogan represented the tenant, a Packaging Company from L.A, looking to relocate to Nevada. The company benefits from Nevada’s tax advantages.

Brogan specializes in sales and leasing of industrial properties.

Senior Advisor Amanda Eastwick of SVN | Gold Dust Commercial Associates, represented the buyer, Just Refiners (USA) Inc., in the transaction. The property was an owner-user purchase for a long-term client expanding within Sparks, NV. This deal included a 20-day closing and is in an opportunity zone. The deal closed on October 12, 2019

Eastwick specializes in tenant representation for sales and leasing of industrial properties.

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.

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.

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.

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.

Associate Advisor Heather Collins represented both the buyer and seller in the sale of 878 Cottonwood Lane in the Sierra Vista Business Park in Fernley. The condo is located in the I-80 E. Corridor industrial submarket of the greater Reno/Tahoe area.

The transaction of the ±3,240 square foot Industrial Flex condo closed on April 15, 2019 for $357,500. The transaction also featured a 10-day closing, an all cash buyer and was an owner/user purchase.

Managing Director Tomi Jo Lynch, CCIM, and Senior Advisor Casey Prostinak represented the seller, Divine Rock, LLC in the sale of 1565 S. Stanford Way in Sparks.

This transaction of the ±1.0 acre of land at $12.63 per square foot, which is located in an Opportunity Zone in the Sparks Industrial Submarket, closed on April 1, 2019 for $550,000. The transaction was an owner user purchase.