255 Glendale AveSparks, NV 89431

This single-story, 28,490 square-foot office building in Sparks, Nevada, presents a compelling investment opportunity. Located at 255 Glendale Ave., this property boasts a prime location in Washoe County (APN: 034-342-16), zoned I - All Industrial, offering flexibility for future use. Built in 1981 on a 2.29-acre lot, the building currently houses multiple tenants, including a long-term anchor tenant, Concentra Health, with a lease extending for seven more years. Another tenant, Juniper Services, occupies approximately 5,400 square feet with a four-year lease remaining. However, approximately 12,050 square feet of office/lab space is expected to become vacant in 2024, presenting a significant opportunity to increase rental income by leasing at market rates. The asking price is $5,500,000, translating to $193.05 per square foot. The property is available for occupancy on December 7, 2023. Its diverse tenant mix and flexible zoning make this a strong investment prospect with potential for significant return. The property's history of 100% occupancy demonstrates its desirability and strong location within the Sparks flex industrial submarket. This is a rare chance to acquire a well-situated, multi-tenant office building with immediate and long-term income potential.