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250 Bell Street Reno, NV 89501

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250 Bell Street Reno, NV 89501 LOCATED IN THE NEON DISTRICT OPPORTUNITY ZONE PROPERTY RECENTLY REDUCED PURCHASE PRICE FOR SALE > ±21,470 SF FREE-STANDING OFFICE/FLEX BUILDING PURCHASE PRICE: $3,400,000 | $159 PSF 250 Bell Street Reno, NV 89501 Located within the Downtown Reno Redevelopment Area MELISSA MOLYNEAUX, SIOR, CCIM RICHELLE DAVES Senior Vice President Associate Colliers International Executive Managing Director +1 775 823 4672 DIRECT 5520 Kietzke Lane, Suite 300 +1 775 823 4674 DIRECT +1 415 290 0995 CELL Reno, Nevada 89511 +1 775 762 7990 CELL [email protected] P: +1 775 823 9666 | F: +1 775 823 4699 [email protected] NV Lic S.0183310 www.colliers.com/reno NV Lic BS.0144599 INVESTMENT OVERVIEW PROPERTY AT A GLANCE Colliers International is pleased to present the opportunity to acquire 250 ADDRESS 250 Bell Street, Reno, NV 89501 Bell Street, a ±21,470 SF Free-Standing Office/Flex Building. The property is currently occupied by a number of tenants leasing smaller suites on a APN 011-021-09 month to month basis. This is an excellent opportunity for an owner/user or 1st floor Office: 11,517 SF SQUARE FOOTAGE value-add investor to own a unique building in the center of Downtown with 1st floor Storage/WH: 3,783 SF BREAKDOWN a number of redevelopment projects underway in the immediate vicinity. 250 2nd floor Office: 6,170 SF Bell Street is well known in the community as a unique, creative venue for SITE 15,742 Square Feet (0.361 Acre) various events; including, Democratic Presidential Candidate discussions with Elizabeth Warren and Julian Castro, City Council events, the Reno Climate Fair, NUMBER OF STORIES Two Conscious Capitalism events, and incubator events with the Reno Collective. YEAR BUILT 1976, Extensive remodel in 2006 $3,400,000 | $159 PSF Creative office, warehouse TYPE Purchase Price – $3,600,000 | $168 PSF and flex property MUDR (Reno - Mixed Use Downtown ZONING Regional Center) Property Highlights > Built in 1976, received extensive remodel in 2006 > Located in a Federal Qualified Opportunity Zone NORTH > Short term leases provide opportunity for owner/user or value-add Investor > Located in the heart of Downtown Reno near the Truckee River and close to amenities SITE > Located in the Neon District and one block from public city parking lot RENO-TAHOE INTERNATIONAL AIRPORT The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. CURRENT FLOORPLAN Office Space Warehouse REF. 1st Level REF. REF. 2nd Level The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. CONCEPTUAL SUITE LAYOUT FOR A MULTI-TENANT BUILDING SCENARIO 1st Level 2nd Level Warehouse Suite D 2,400 SF Office Suite A Flex Suite E Office Suite A 6,200 SF 4,200 SF 4,100 SF . F E R EF. R Common Space Office Suite C Office Suite F Common Space . F E R 970 SF 2,800 SF Office Suite B 800 SF Common Space Conceptual Leasing Scenario TARGET LEASE RATE TARGET ESTIMATED TOTAL ESTIMATED ESTIMATED SUITE SQUARE FEET (FULL SERVICE) MONTHLY RENT ANNUAL REVENUE SQUARE FEET MONTHLY RENT ANNUAL RENT Office Suite A 10,300 $1.70 $17,510.00 $210,120.00 21,470 $32,497.50 $389,970.00 Office Suite B 800 $1.75 $1,400.00 $16,800.00 *This scenario is only conceptual, any final deal Office Suite C 970 $1.75 $1,697.50 $20,370.00 points are to be handled directly with ownership Warehouse Suite D 2,400 $0.90 $2,160.00 $25,920.00 Flex Suite E 4,200 $1.15 $4,830.00 $57,960.00 Office Suite F 2,800 $1.75 $4,900.00 $58,800.00 The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. ADDITIONAL PROPERTY PHOTOS Entry/Reception The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. CITY PARKING LOT PROXIMITY NORTH ARLINGTON AVENUE CITY PARKING RALSTON STREET SITE WASHINGTON STREET WEST 2ND STREET Additional Open Street Parking The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. SURROUNDING AREA 29 21 79 30 49 66 28 76 W 4th St 78 E 2nd St 75 5 80 63 27 62 77 67 9 20 48 Holcomb Ave 81 74 56 50 69 22 19 64 65 55 24 68 26 57 54 17 73 25 SITE 72 70 51 38 52 47 16 15 23 53 46 60 59 4 W 2nd St 39 58 8 7 S Virginia St 81 E Liberty St 3 13 37 14 71 41 S Sierra St 6 40 2 42 1 45 43 18 44 34 35 S Arlington Ave 11 33 W Liberty St 12 32 10 California St 31 Nevada Museum of Art Wild Garlic Pizza, La Pizanos Pizza, Antonio's BANKING 11 25 Escape Room 67 Cal Neva & Chez Louie 39 Famiglia Italian, Blue Fin 53 Mexican Grill, The Stick 1 Meadows Bank 26 Crafted Palette Poke Sports Lounge 68 The Palladio 12 Sundance Bookstore Liberty Food & Wine 2 Nevada State Bank 27 Siri's Casino 40 Old Granite Street Eatery 54 69 Riverboat Hotel 13 Washoe County Library Exchange 3 US Bank 28 Cargo Concert Hall 41 RedRock Bar 70 The Ross Apartments 14 Discovery Museum 55 Silver Peak 82 Chase Bank 29 National Bowling Stadium 42 Royce 71 Park Tower 15 Patagonia Outlet 56 Thai Corner Café 4 Wells Fargo ATM 30 A an Art 43 Washoe Public House 5 Star Saloon, West Street 72 Arlington Towers Pioneer Center for 57 6 Wine Bar 5 Nevada State Bank Performing Arts 44 Pignic Pub & Patio 73 Plaza Resort Club EAT/DRINK The Jungle, Sierra Tap Great Basin Community 58 17 The Basement Saint James Infirmary, 45 House Colonial Garden Court COURTHOUSE 31 74 Food Co-Op Apt-Homes Arts for All Nevada at the Rubicon Deli 59 Our Bar Bruce R. Thompson 18 46 The Eddy 75 The Montage 6 Courthouse & Federal Lake Mansion 32 Cheese Board 60 Imperial Bar and Lounge Building 19 Bundox Bocce 47 Wild River Grille 76 Harrah's 33 Bibo Coffee Company Ichiban Japanese 7 Reno Justice Court National Automobile 62 Peg's Glorified 48 Foxy Olive Steakhouse & Sushi Bar 77 20 34 The Nugget Second Judicial District Museum Ham n Eggs 8 63 Bab Café, The Urban Market Court 49 Mellow Fellow 78 Whitney Peak Hotel 21 Greater Nevada Field 35 Fin & Filet 9 Reno City Hall 50 Pizza Reno LIVE/STAY 79 ElDorado Resort Casino 22 The Rack 37 Starbucks ENTERTAINMENT 51 Campo, Reef Sushi & Sake 64 City Center Apartments 80 3rd Street Flats ! 23 Century Riverside Theatre 38 See See Motor Coffee Co Sierra St Kitchen & 65 10 Arte Italia 52 The Renaissance 81 WorldMark Reno 24 Fitness For 10 Cocktails, Ole Bridge Pub 66 Courtyard Marriott The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents..
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