Dornin Investment Group Acquires Industrial & Retail Assets In Northern Nevada For $67.7M

The sale involved an industrial and select retail asset in Northern Nevada, including multiple properties across Sparks, Reno, and Northwest Reno. The portfolio comprised properties located at 50/150/240/260/340/360 Freeport Boulevard, 250 Cal Lane, 1080 Linda Way, 5401 Longley Lane, 5301 Longley Lane Building E, 5325 Louie Lane, 1575/1595 Robb Drive, 6300 Mae Anne Avenue, 6120 Mae Anne Avenue, and 745/755 East Greg Street. The transaction was between the buyer, Dornin Investment Group, and the seller, The Ribeiro Companies, for a total sale price of $67,700,000. The total square footage of the properties involved was 413,172, with a price per square foot of $164.

Summary of transaction details:

• Property Type: Industrial & Select Retail
• Transaction Amount: $67,700,000
• Buyer: Dornin Investment Group
• Seller: The Ribeiro Companies
• Market: Northern Nevada (Sparks, Reno, Northwest Reno)
• Contact for Leasing Inquiries: [email protected]

The deal was facilitated by Philip Smith, Chris Dornin, and Tyson Bryan on behalf of the buyer, Dornin Investment Group. The seller, The Ribeiro Companies, was represented by their team in the transaction.