Sale of Westridge Corners in Reno, NV for $9,900,000
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.