855 Mill St
Fully leased two-story medical office building at 855 Mill Street in Reno, Nevada, offered at $2,750,000 at a 6.50% cap ($178,800 NOI). The 100% occupied multi-tenant asset is strategically positioned in the heart of Reno, minutes from the main Renown Campus, with prominent visibility along the well-traveled Mill Street corridor.
Recently renovated, the property benefits from its central location providing easy access to Downtown Reno, major transportation routes, nearby residential communities, and established commercial developments. Zoned MUWM (Mixed Use Washoe Medical Regional Center), the two-story building is well-positioned to capitalize on Reno's continued growth and revitalization as one of Northern Nevada's most dynamic markets.
The location offers excellent transit connectivity, with nearby bus lines, commuter rail, and airport access supporting tenant recruitment and retention.
- 100% leased, fully occupied multi-tenant medical office
- Recently renovated two-story building
- 6.50% cap rate, $178,800 NOI
- Minutes from main Renown Campus in heart of Reno
- Zoned MUWM; positioned for continued market growth
- Strong transit access: bus lines, commuter rail, airport nearby
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Features & amenities
Location
855 Mill Street offers a compelling investment opportunity to acquire a strategically positioned, 100% leased commercial property in the heart of Reno, just minutes from the main Renown Campus. The property has recently undergone a comprehensive renovation and benefits from prominent visibility along the well-traaveled Mill Street corridor. Its central location provides easy access to Downtown Reno, major transportation routes, nearby residential communities, and established commercial developments. With Reno continuing to experience significant growth and revitalization, 855 Mill Street represents an attractive opportunity to acquire a well-located commercial asset in one of Northern Nevada’s most dynamic markets.