One of our core covenants at SVN is “Honor my commitments”. A career in commercial real estate requires commitment, and it most certainly requires honoring the promises we’ve made- to our clients, our colleagues, and ourselves.

Commercial real estate transactions take time. Deals don’t come together overnight. Building relationships with clients and colleagues takes time. Closing deals can sometimes take years, requiring tenacity, and perseverance.

One of my latest sales took almost two years to complete. Talk about tenacity and commitment! During the time 401 Los Altos Parkway in Sparks, Nevada, was on the market, multiple offers were made, and multiple offers fell through. 401 Los Altos is a pad site on a highly trafficked corridor in Sparks, Nevada, and was one of the last available in that area. The pad was encumbered with a ground lease to a large corporation, who had first right of refusal to purchase the property. In this case, the lessee had 45 days to respond after each offer was made by a third party. We diligently presented and responded to each offer. Unfortunately, time kills all deals and waiting for the lessee to respond often got in the way of opening escrow.

Eventually, the lessee decided to purchase the site and after two years, a successful deal was reached.

Although this deal took time, patience, and tenacity, I knew I needed to honor my commitments and see this deal through. SVN and its members are committed to getting the deal done. Through perseverance, problem solving, and a whole lot of dedication, we make deals like this come together. 

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

SOLD | 3 INDUSTRIAL LOTS
North Deer Run Road, Carson City, NV

Tomi Jo Lynch, SIOR, CCIM, represented the Seller and orchestrated the sale of three lots on N Deer Run Road. The three lots have sold to two separate buyers for a total of $623,238 and 3.18 acres.

Four lots are still available for sale and can be bought separately or together. Located in the Deer Run Industrial Park in the northeastern urban area of Carson City, NV, with easy access to Highway 50 and Interstate 395.

This brand new business has decided to put down roots in the Midtown area of Reno, and has leased 908 SF in 24 California. The Wheyfarer offers gourmet, hard to find cheeses and ingredients from both local sources and all over the world, all handpicked by their knowledgeable “cheesemongers”. Not only is The Wheyfarer a gourmet meat and cheese counter, they will also offer catering, grab and go snacks and meals, specialty beverages, and so much more! We can’t wait to have a charcuterie board at the Wheyfarer upon their opening later this summer.

Four spaces are still available in 24 California. This historic and newly renovated building offers ± 1,328 – 6,389 SF of available retail and office space on the bustling corner of Virginia Street and California Avenue. Find your space today!

CREW of Northern Nevada is in great hands this year with a stacked board of directors and Tomi Jo Lynch, SIOR, CCIM as president. Congratulations to the 16 professionals selected for this year’s board!

See the article in Northern Nevada Business Weekly here.