DCG’s Retail Team; Gary Tremaine and Amanda Brierton as well as principal, Tom Fennell, SIOR, CCIM represented the seller, Wells Fargo in the disposition of a former bank branch at 405 Idaho Street in Elko, Nevada. Previously occupied by Wells Fargo Bank, the 21,230 square foot freestanding building sold for $850,000.00. Built in 1970, the...
DCG Multifamily; Trevor Richardson and Chris Moton represented the buyer in the sale of two six-plex apartment buildings located at 3445 and 3485 Neil Road. The 18,608 square foot multifamily building was purchased by 3445/3485 Neil Rd, LLC for $3,000,000. The two multifamily properties are conveniently located near the Reno-Tahoe International Airport with direct access...
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.
DCG’s office team, Dominic Brunetti, CCIM, and Scott Shanks, SIOR represented the buyer in the acquisition of an 18,964 square foot office building located at 595 Double Eagle Court in Reno, NV. 14 Orchard Properties, LLC purchased the South Meadows office building for $4,475,000. The free-standing office building is located just north of South Meadows...
DCG’s Travis Hansen, SIOR, CCIM, represented Elizabeth & Jeffrey Steblay in the acquisition of 6340 Mae Anne Avenue, Suites 1 and 2, in Reno, Nevada in the Quail North West development. The 6,130 square foot retail property was purchased for $1,600,000 and is fully leased to Fortune Star Cuisine Chinese Restaurant and Stand Proud Dog...
DCG’s Travis Hansen, SIOR, CCIM, represented the National Baptist Convention in the sale of 406 California Avenue & 0 Lander Street in Reno, Nevada. This 3,558 square foot office building and parking lot parcel sale received multiple offers over the asking price and ended up closing for $1,950,000 which was $440,000 over the original asking...
DCG’s Industrial team, Joel Fountain, SIOR, Baker Krukow and Nick Knecht represented the seller, Unrivaled Brands, Inc, in the land sale located at 180 Design Place in Spanish Springs, NV. The 2.48-acre parcel sold for $435,000 and is located in the Spanish Springs Business Center. Nearby companies include U-Haul, SanMar, New Deantronics and Quality Bicycle...
DCG Multifamily; Trevor Richardson and Chris Moton represented the seller in the exchange of CasaBella Townhomes in Downtown Reno. JT Orchard LLC purchased the 16-townhomes, totaling 18,608 square feet for $8.5M. CasaBella is a symmetrical property with two rows of 8-townhomes, the units alternate from a 1,016 square foot one bedroom unit to a 1,310...
Reno-based Commercial Real Estate firm DCG recently announced the sale of the South Meadows Promenade Shopping Center, which was purchased by an investor in a 1031-exchange for $34M on December 15th, 2021. The center was 100% occupied at close of escrow and had an in-place cap rate of 5.00%. Tom Fennell, CCIM and Principal with...
DCG’s office team; Dominic Brunetti, CCIM, and Scott Shanks, SIOR, along with the land team; Dennis Bradley, and Heidi Chisholm represented the seller, Bruce Investment Group LLC of the 57.15-acre parcel along Highland Ranch Parkway and Pyramid Highway in northern Sparks, Nevada. The parcel is located directly across from the new 5 Ridges Development. Currently...
