Equus Capital Partners Acquires Greg Center Industrial Portfolio In Sparks Nevada For $95.9M
150 East Greg Street
$95,900,000
$186/SF
Building Size
514,900 SF
Asset Type
Industrial
Closing
Feb 3, 2026
AI
The property asset involved in the transaction is the Greg Center industrial portfolio located at 150, 50 East Greg Street, 955 & 995 South McCarran Boulevard, Sparks, NV. The total sale price for this industrial property is $95,900,000, encompassing a square footage of 514,900. The property boasts an impressive average occupancy rate of 95% and consists of four mid- and shallow-bay buildings within the Class A category.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $95,900,000
- Buyer: Stephen M. Spaeder, Rob Butchenhart & Michael Riordan - Equus Capital Partners
- Seller: Luke J. Petherbridge - Link Logistics
- Lender: BMO Bank
- PPSF: $186
An affiliate of Equus Capital Partners has completed its first industrial acquisition in the Reno market with this transaction, successfully acquiring the property from Link Logistics. The sale was financed by BMO Bank, marking a significant entry for Equus in the industrial sector.
Players
Sparks Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93