TITLE:
Where the heck is Wabuska
CONTROL:
Partner
VALUE:
$3,500,000
LOAN:
$526,400
EQUITY:
$2,973,600
TYPE:
Industrial
HAVE:
58,000 SF industrial manufacturing facility with 7700 sf engineered mezzanine space on 48 acres in Wabuska Nevada. The property is on HWY 95a and has a rail spur. Located south of the 107 acre Reno Tahoe Industrial Center home to Tesla and 140 others
ADDRESS:
270 N HWY 95A, Yerington, Nevada
BENEFITS TO NEW OWNER:
Less than $60 per foot for building and 48 acres Industria for free. Tenant on yearly lease but has been there since 2015
GROSS SCHEDULED INCOME:
$155,830 Actual
VACANCY LOSS:
$10,000
GROSS EFFECTIVE INCOME:
$145,830
EXPENSES:
$55,149
NOI:
$90,681
DEBT SERVICE:
$90,936
CASH FLOW:
$-255
CAP RATE:
2.59%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$502,399
$5,978
8%
09/26/2033
Yes
LOAN 2
$240,000
$1,600
8%
12/31/2025
No
BENEFITS SOUGHT:
looking for something simpler. Will exchange and may carry.
CAN ADD:
SFR Pueblo, Co v175,000 L92,000 E83,000
Commercial lot Wilcox, AZ
REMARKS:
Property is a great owner user property. Hwy 95A is the shortest route south to Las Vegas and Southern Calif from the industrial park. Park has over 140 tenants for a list see https://tahoereno.com/clients/ Many with over 1 million sq ft of building.
COUNSELOR:
John Spinola
Atlas Red Realty
1925 E Prater Way
Sparks, Nevada, 89431
