LDK Ventures Acquires Industrial Property In Reno From GPR Ventures For $37.57M

LDK Ventures acquired an industrial property, a distribution center located at 4910 Longley Lane in Reno, NV, for a sale price of $37.57 million. The property encompasses 331,632 square feet, resulting in a price per square foot of $113. The asset is situated near Reno-Tahoe International Airport and features 22-foot clear heights, 20 dock positions, four drive-in doors, and office space.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $37,570,000
• Buyer: LDK Ventures
• Seller: GPR Ventures
• Broker: CBRE
• Market: Reno, NV
• Square Footage: 331,632
• Price per Square Foot: $113

CBRE acted as the broker in this transaction, representing both the buyer, LDK Ventures, and the seller, GPR Ventures. This acquisition highlights the continued interest in industrial properties in the Reno market.