DCG’s Investment Team, Principal Chris Shanks, CCIM, and Matt DeRicco, as well as Principal Tom Fennell, SIOR, CCIM, successfully represented the seller in the $2,350,000 disposition of 1195 Kietzke Lane to CKE Restaurants, Inc., with a cap rate of 5.13%. Carl’s Jr. exercised their option to purchase the property and will occupy the 4,227-square-foot building...
Category: <span>Investment</span>
DCG Investment Team Arranges 8-unit Northwest Reno Multifamily Sale
DCG’s Investment Team, Chris Shanks and Matt DeRicco represented the buyer and seller in the transaction of 1565 Carlin Street in Northwest Reno. The 6,272-square-foot, 8-unit multifamily complex sold for $616,000. The buyer plans to renovate the multifamily property to offer modern living while achieving competitive rental rates in the Northwest Reno submarket. Positioned near...
DCG Investment Team Represents Buyer in 36,112 SF Central/Airport Office Acquisition
DCG’s Investment team, Chris Shanks, CCIM, and Matt DeRicco, represented the buyer in acquiring a 36,112-square-foot freestanding office building at 1315 Financial Boulevard for $6,618,000.00. The ownership group intends to convert the building into an industrial/warehouse space. The property is located in the highly desirable Airport submarket, offering convenient access to Interstate 80 and 580...
DCG Announces the Promotion of Chris Shanks, CCIM to Senior Vice President
Chris Shanks has been recently elevated to Senior Vice President within Dickson Commercial Group (DCG). The promotion is a result of the combination of both recent transactional production and tenure in the marketplace. “This promotion helps recognize the success in Chris’s career with DCG. He is one of the only true investment brokers in our...
DCG Represents Buyer and Seller in Historic Downtown 4,407 SF Class A Office
DCG’s Dominic Brunetti, CCIM, and Patrick Riggs represented the seller, and DCG’s Tom Fennell, SIOR, CCIM, Chris Shanks, CCIM and Matt DeRicco represented the buyer of 491 Court Street in downtown Reno, Nevada. An undisclosed buyer purchased the single-tenant investment property in a 1031 exchange for $1,935,000. Recently renovated with high-end finishes in 2021, the...
DCG Represents Buyer and Seller in 21,235 SF North Valleys Retail Strip Mall
DCG’s Principals Dominic Brunetti, CCIM and Scott Shanks, SIOR, along with the investment team; Chris Shanks, CCIM and Matt DeRicco represented the seller of the three-tenant retail strip mall located at 1130 North Hills Boulevard. Selling for $5,750,000, this investment property is estimated to be at a 5.9% CAP rate. The 21,235-square-foot retail building is...
DCG’s Investment Team Represents Buyer in Sparks Industrial Sale
DCG’s Investment Team, Chris Shanks, CCIM, and Matt DeRicco represented the buyer, Hulda Way Investments, in the $4.53MM investment purchase of an industrial building located at 1425 Hulda Court in Sparks, NV. Built in 1994, this warehouse is 17,200 square feet and sits on a 2-acre fenced lot. The property is situated in the Sparks...
DCG Completes Sale of Downtown Reno Mixed-Use Property
DCG is pleased to announce the successful sale of 100 California Avenue, a 100% occupied mixed-use building in Downtown Reno that sold for $5,350,000. DCG’s Investment Team, Chris Shanks, CCIM, and Matt DeRicco, represented the seller, 100 Cal NV LLC, and DCG Principal Tom Fennell, SIOR, CCIM, represented the buyer. This mixed-use property comprises two...
DCG Represents Both Sides in Single Tenant Flex Sale-Leaseback
DCG agents represented both sides in the transaction of the standalone flex-building at 8690 Technology Way. DCG’s Chris Shanks, CCIM, represented the seller, while Tom Fennell, SIOR, CCIM, and Matt DeRicco represented the buyer in the single tenant sale-leaseback. The property sold for $5,400,000 and had an in-place cap rate of 5.00%. This 17,701 square...
DCG Represents the Seller in 6,716 SF South Reno Office
DCG’s Don Welsh represented the seller, RG Gillett LLC in the sale of 160 Country Estates Circle for $2,125,000. This 6,716 square foot free-standing office building sits on 0.155 of an acre. Located in South Reno, directly off of West Huffaker Lane, this fully leased garden office was purchased as an investment property.