Updated Aug 13, 2026
Panattoni Development Co. Acquires Industrial Asset In Reno For $20,500,000
400 East Parr Blvd.
$20,500,000
Units
169,030
Asset Type
Industrial
Closing
Jun 26, 2025
About this deal
AI
The property asset involved in the transaction is located at 400 East Parr Blvd., in the Reno, NV market. The asset is categorized as industrial, encompassing a total of 169,030 square feet. The transaction was completed for a price of $20,500,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,500,000.00
- Address: 400 East Parr Blvd.
- Market: Reno, NV
- Units: 169,030
- Buyer: Panattoni Development Co.
The transaction was facilitated without mentioning additional representatives or other parties involved. The buyer, Panattoni Development Co., is recognized for its involvement in industrial real estate transactions.
Players
Reno 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93