Robert Rivani Sells Retail Property In Reno, Nevada For $4.75M With Buyer's Rep Ian Cochran & Seller's Rep Jeff Berg
195 KIETZKE LANE, RENO NV
Building Size
77,185 SF
Asset Type
—
Closing
Feb 13, 2023
About this deal
AI
The retail property located at 195 Kietzke Lane in Reno, Nevada has been sold in a closed transaction. The property spans a total of 77,185 square feet, with a price per square foot of $62. The sale price for the property was $4,750,000. The transaction took place on February 13, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,750,000
- Address: 195 Kietzke Lane, Reno, Nevada
- Square Footage: 77,185 square feet
- Price per Square Foot: $62
The seller of the property was Robert Rivani. Representing Robert Rivani as the seller's representative was Jeff Berg from Adelphi Property Advisors. The buyer of the property was represented by Ian Cochran from LOGIC Commercial Real Estate.
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93