The sale of a newly constructed, Tesla-leased industrial facility in the Tahoe Reno Industrial Center is another example of why Northern Nevada continues to attract institutional investment.Dickson Commercial Group recently represented the buyer in the acquisition of 1600 Peru Drive, a 410,750-square-foot Class A industrial facility located in McCarran, Nevada. The property, completed in 2024 and fully leased to Tesla, sold for $60.9 million following a competitive offering process.As demand for industrial real estate in Reno continues to grow, transactions like this demonstrate the long-term confidence investors have in Northern Nevada's industrial market.A Strategic Investment in a High-Growth MarketThe acquisition was driven by more than the quality of the asset. According to DCG Principal Tom Fennell, the investment process involved evaluating multiple markets and deal structures before identifying the right opportunity.Once the property emerged, the focus shifted to guiding the buyer through underwriting, negotiations, due diligence, and a successful closing.For investors evaluating industrial real estate in Reno, this transaction reflects the importance of combining market knowledge with strategic acquisition expertise.Why the Tahoe Reno Industrial Center Continues to Attract InvestmentLocated within the Tahoe Reno Industrial Center (TRIC), 1600 Peru Drive sits in one of the nation's largest and most established industrial parks. TRIC has become a national destination for advanced manufacturing, logistics, technology, and distribution companies because of its strategic location, business-friendly environment, and infrastructure designed to support large-scale operations.The property's location within Tesla's expanding Northern Nevada footprint, combined with its Class A construction and long-term tenant profile, made it a compelling investment opportunity.As more companies continue expanding operations throughout the region, industrial real estate in Northern Nevada remains one of the strongest-performing asset classes in the West.Institutional Investors Continue to See OpportunityAccording to DCG Principal Joel Fountain, the property's location, tenant profile, and building quality aligned closely with the buyer's long-term investment objectives."The Tahoe Reno Industrial Center continues to stand out from both a current demand and long-term growth perspective," Fountain said. "This property checked a number of boxes in terms of location, tenant profile, building quality, and long-term relevance within the market."Institutional investors continue to target assets that offer stable tenancy, modern construction, and locations positioned for long-term economic growth. Those characteristics continue to define industrial real estate in Reno and the broader Northern Nevada market.Northern Nevada's Industrial Market Continues to GrowNorthern Nevada has evolved into one of the country's leading industrial markets, supported by advanced manufacturing, logistics, e-commerce, battery technology, and distribution operations.The region's strategic access to Interstate 80, proximity to major West Coast markets, competitive business climate, and highly skilled workforce continue to attract companies ranging from global manufacturers to regional distributors.As demand continues to increase, industrial real estate in Northern Nevada remains well-positioned for continued investment, development, and long-term growth.Dickson Commercial Group's Industrial ExpertiseSuccessfully navigating institutional industrial acquisitions requires more than market knowledge. It requires an understanding of underwriting, due diligence, negotiations, and the factors that drive long-term value.Dickson Commercial Group's Industrial Team continues to advise investors, developers, owners, and occupiers throughout Northern Nevada, helping clients identify opportunities that align with their investment and operational goals.Whether you're looking to acquire, lease, develop, or invest, our team provides the local expertise and market insight needed to succeed in today's evolving market for industrial real estate in Northern Nevada.

When companies evaluate where to invest, expand, or relocate, they're looking for more than available space. They want a market that supports long-term success through a strong business climate, access to talent, strategic logistics, and an exceptional quality of life.Those are just a few reasons Commercial Real Estate in Reno continues to attract businesses across industries, from advanced manufacturing and logistics to technology, healthcare, and professional services.A Business-Friendly EnvironmentNevada consistently stands out as one of the nation's most business-friendly states thanks to its competitive tax structure and incentive programs. Businesses benefit from:No corporate income taxNo personal income taxNo franchise taxNo inventory taxNo capital gains taxIn addition, businesses may qualify for sales and use tax abatements, modified business tax abatements, Opportunity Zone incentives, and specialized programs supporting industries such as advanced manufacturing, aviation, and data centers.For companies evaluating Reno Commercial Real Estate, these advantages can significantly reduce operating costs while creating opportunities for long-term growth.Strategic Access to the Western U.S.Location remains one of Northern Nevada's greatest competitive advantages.Reno provides direct access to Interstate 80 and major West Coast markets, making it an ideal hub for manufacturing, logistics, and distribution. Companies can efficiently serve customers throughout the western United States while benefiting from lower operating costs than many neighboring markets.The region is also home to major employers including Tesla, Switch, Panasonic, Renown Health, Caesars Entertainment, and numerous advanced manufacturing companies that continue investing in Northern Nevada.As demand continues to grow, Commercial Real Estate in Reno remains a top choice for companies seeking scalability and operational efficiency.Quality of Life Attracts Top TalentBusiness growth starts with people. Northern Nevada offers an exceptional quality of life that helps companies recruit and retain talent. Highlights include:Approximately 300 days of sunshine annually18 ski resorts within one hourMore than 87 parks and 3,800 acres of public recreationApproximately 50 championship golf courses within 90 minutesLake Tahoe less than an hour awayAverage commute times of approximately 15 minutesResidents also enjoy a vibrant calendar of annual events including Hot August Nights, the Reno Rodeo, the Great Reno Balloon Race, Artown, Riverfest, and Burning Man.These lifestyle advantages continue to make Reno Commercial Real Estate attractive for businesses whose employees value both career opportunities and outdoor recreation.A Market Built for GrowthNorthern Nevada has evolved into one of the West's fastest-growing centers for advanced manufacturing, logistics, technology, and distribution.The Tahoe Reno Industrial Center alone has become one of the largest industrial parks in North America, attracting billions of dollars in investment and creating a diverse economic ecosystem that supports continued commercial development.Combined with continued population growth and ongoing business expansion, demand for Commercial Real Estate in Reno continues to remain strong across office, industrial, retail, and investment properties.Why Businesses Continue to Choose RenoWhether you're relocating a headquarters, expanding operations, investing in industrial assets, or searching for office space, Northern Nevada offers a unique combination of business advantages that few markets can match.From a competitive tax environment and strategic location to an unmatched quality of life, Reno Commercial Real Estate provides businesses with the opportunity to grow while positioning themselves in one of the West's most dynamic economic regions.At Dickson Commercial Group, we help businesses, investors, and developers navigate every stage of the commercial real estate process. If you're considering your next investment or business location, our team is here to help you find the right opportunity in Northern Nevada.

Dickson Commercial Group is pleased to announce the successful sale of 500 University Way, a unique multifamily asset located in the heart of Downtown Reno. Gerrit Hillebrand, CCIM proudly represented the seller in this transaction, bringing a well-positioned property to market and connecting it with a buyer seeking opportunity in one of Northern Nevada's most dynamic neighborhoods.As demand continues to grow for well-located housing and redevelopment opportunities, this transaction reflects the ongoing strength of the Reno multifamily property market and the appeal of assets located near major employment, education, and entertainment hubs.A Strategic Downtown Reno LocationSituated at the intersection of E. 5th Street and University Way, 500 University Way offers a location that is difficult to replicate. The property sits within walking distance of the University of Nevada, Reno, Greater Nevada Field, The ROW, and numerous restaurants, entertainment venues, and downtown amenities.Its proximity to Interstate 80 and North Virginia Street provides convenient regional access while maintaining a strong connection to Reno's urban core. For investors evaluating a Reno multifamily property, location remains one of the most important drivers of long-term value, and this asset checked many of the boxes that continue to attract interest in the market.A Property Built for PossibilityThe 6,807-square-foot multifamily complex features two-story block and masonry construction, 14 on-site parking spaces, and renovations completed in 2019. Built in 1966, the property offered investors a combination of existing improvements and future potential.Located within the Mixed-Use Downtown Entertainment District, the site presented a range of possibilities. Whether viewed as a multifamily investment Reno opportunity, a student housing concept, or a future revitalization project, the property's flexibility contributed to its appeal among prospective buyers.For many investors, identifying assets with multiple potential paths forward is a key part of building value. This multifamily investment Reno opportunity stood out because of its location, zoning, and proximity to one of the region's largest student populations.Why Investors Continue to Target Downtown RenoDowntown Reno has experienced significant transformation over the past decade. Public and private investment, population growth, and continued economic diversification have strengthened investor confidence throughout the region.As a result, demand for Northern Nevada multifamily real estate has remained strong, particularly for properties located near major employment centers, entertainment districts, and educational institutions. Assets that offer redevelopment potential or repositioning opportunities often generate substantial interest from buyers seeking long-term growth.This transaction demonstrates how investors continue to recognize the value of Northern Nevada multifamily real estate in strategic urban locations. With limited inventory and increasing demand, opportunities like 500 University Way continue to attract attention from both local and out-of-state buyers.Delivering Results for OwnershipSuccessfully marketing and selling investment properties requires more than simply listing an asset. It requires understanding how to position a property's strengths, communicate its potential, and connect with the right audience of qualified buyers.For the ownership of 500 University Way, our focus was on highlighting the property's unique combination of location, zoning, accessibility, and future opportunity. Those characteristics resonated strongly within the market and ultimately contributed to a successful outcome.Transactions like this reinforce why investors continue to seek Reno multifamily property opportunities and why multifamily investment Reno remains a highly searched and competitive segment of the commercial real estate market. They also underscore the continued demand for quality Northern Nevada multifamily real estate as the region grows and evolves.We are grateful for the opportunity to represent the seller in this transaction and look forward to helping clients navigate future investment opportunities throughout Reno and Northern Nevada.Whether you're considering the sale of a multifamily asset, evaluating redevelopment opportunities, or looking to expand your investment portfolio, our team can help you navigate the Northern Nevada market with confidence. Contact Dickson Commercial Group to learn how our market expertise and strategic approach can help you maximize value in your next transaction.

• Travis Hansen, SIOR, CCIM, Fred Miller, Josh Menante, and Magalee Curiel Lomeli of DCG represented the seller, The Brown 2012 Trust.• 1C Inglewood Drive in Fernley, NV, sold for $645,000.• Located between The Meadows at Inglewood, Fernley’s newest retail and office development, and the Pioneer Crossing Casino.• Excellent visibility from U.S. Highway 50A and only 1.5 miles to I-80.

2588 Precision Dr in Minden, NV was acquired for $425,000 Zoned Light Industrial Land within the Carson Valley Business Park near Hwy 395 ±20,000 SF proposed building  Flexible design to accommodate single or multi-tenant users10,000 SF Available for Lease

DCG’s Dominic Brunetti and Patrick Riggs represented the seller, Madjack Properties LLC, in the $610,400 sale of 320 W Liberty St. Professional free-standing office building, located in Reno’s financial districtWalking distance to the Courthouses and Federal Buildings, the NV Museum of Art, and various Downtown & Midtown eateries