29,000 SF Manufacturing Facility with Expansion Possible0

Posted by Thomas Miller, CCIM

Located in the heart of the Stead (Reno), NV industrial area, the Lear Industrial Center is just a short distance off US 395 and ten minutes from I-80. The area is home to Fortune 500 neighbors, including Dupont, Mercedes, General Motors, Firestone, and J.C. Penney.

  • Close to local labor.
  • Airstrip and golf course nearby.
  • Excellent location for a west coast manufacturing facility.

Details:

  • Available Immediately
  • Located Near US 395
  • Minutes From Reno/Sparks
  • Corner Lot in Lear Industrial Park
  • Freestanding
  • Expandable

For more information on this available property, visit Miller Industrial Properties.

Download PDF Flyer.

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The Weyerhaeuser Company teamed with Miller Industrial Properties0

Posted by Thomas Miller, CCIM

The Weyerhaeuser Company teamed with Miller Industrial Properties
The Weyerhaeuser Company teamed with Miller Industrial Properties

After shutting down their manufacturing operations in Sparks, Nv, the Weyerhaeuser Company teamed with Miller Industrial Properties to divest of their excess asset at 600 Spice Islands Drive. In April, 2012 a viable buyer was located and on June 8, 2012 escrow was closed and the deed transferred on the 72,500 sf., 10 acre facility.

The team at Miller consisted of Brad Lancaster, Carole Brill and Tom Miller and we wish to thank Weyerhaeuser for the confidence shown in selecting our firm to sell your property.

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Featured in the Northern Nevada Business Weekly
June 11, 2012 by NNBW Staff
Coatings manufacturer buys Dayton building for plant

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Rail Served Cross Docked Warehouse for Lease – Sparks, NV0

Posted by Thomas Miller, CCIM

East Spice Industrial Park for Lease 133,000 SF
1750 Purina Way – Sparks, Nevada

Rail Served Cross Docked Warehouse for Lease

1750 Purina Way – Sparks, Nevada

Details:

  • Cross Dock Configuration
  • Close to Labor Pool
  • Ample Parking
  • Close to Freeways

Specifications

  • 133,000 SF
  • 4,310 SF of Office Space
  • 40’X50′ column spacing
  • .50/2500 Sprinkler Rating
  • 800A / 480/277V / 3 Phase Power
  • 19 Dock High Doors
  • 2 Drive-In Doors
  • 24′ Eave Height
  • Skylights
  • Metal Halide Lighting
  • Built in 1979
  • Rail Available

Office Plan

  • 5,447 SF of Total Office Space
  • 310 SF Warehouse Office
  • 1,137 SF Back Office Space
  • 4,000 SF of Front Office Space

For more information on this property, contact Brad Lancaster.
Phone: (775) 828-4665
brad@mipnv.com

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Manufacturing Building for Sale – 350 South Rock Reno NV0

Posted by Thomas Miller, CCIM

8,140 -27,324SF For Sale or Lease with .5AC Paved Yard
350 South Rock, Reno, NV –  for more information about this industrial property for sale, visit Miller Industrial Properties

350 South Rock Reno NV Industrial Building for Sale or Lease
350 South Rock, Reno NV – Manufacturing Building for Sale or Lease

Details

  • 27,324 SF Paved Yard with Lighting
  • Located on Major Arterial Street with 16,500 Cars Daily
  • Excellent “First Impression” business location
  • Solar Carport Supplimenting Power from Grid
  • Perfect Owner / User / Investment w/$14,000/Mo. Income & Long Term Church Tenant in 16,000SF

Specifications

  • Wash Drain w/ Sand-Oil Separator
  • Wash/Paint Bay
  • 3 Drive-In Doors
  • .20/1490 Sprinklers
  • 400A/208V/3PH
  • 1,800 SF of Office Space
  • 30 Parking Spaces
  • 18′ Clear Ceiling Height
  • (Exclusive use of yard not included in lease rate)

Description of Area & Map

Located on Rock Blvd major arterial street with traffic count of 16,500 cars daily.  Very easy access from McCarran, I-80, & HWY395.  Very close proximity to Reno-Tahoe International Airport & private terminals.

Contact Brad Lancaster
Miller Industrial Properties
PH: (775) 828-4665 #17

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Market Status & Forecast – Reno – Sparks, Nevada and surrounding markets0

Posted by Thomas Miller, CCIM

Current Market: The local industrial market grew a huge 9% during 2007, to 68,500,000 sf. The net absorption continued to slow during the second half of 2007. With new construction and vacancies in existing space on the rise, the vacancy rate ended 2007 at just over 9%, almost double as compared to the start of the year. The market balance is now tipped toward a tenant friendly market for big box users and a well balanced market for most other sizes. Al-though vacancy rates in some smaller sized properties remains slightly tight. Reno’s over-night/next day distribution to the 11 western states remains a strong factor for relocations with tax advantages, friendly business climate, favorable weather, high availability of trucking and reasonable workmen’s comp rates closely following. The continually escalating cost of doing business in California continues to funnel a steady stream of business to Nevada. Midwest and Eastern firms seeking western distribution hubs is also a strong market for growth.

Lease Rates: Due to market vacancy rates climbing throughout 2007, asking lease rates have not increased in 2007, with some softening of concessions by developers for larger users to help fill these new and existing, big box properties. Overall availability is currently good with new and second generation product coming on line and should be adequate across size ranges. We anticipate competition between landlords will sustain lease pricing at their current levels but only until the vacancies start to fal again; then we anticipate price escalations, as the market finds better balance. Average Pricing: 5-15ksf: $.72, 15-40ksf: $.38, 40-60ksf: $.35, 60-100ksf: $.34, 100ksf+: $.335/sf/mo./nnn. Taxes, Insurance and maintenance charges on new space are about $.075/sf/mo. Expect rents to maintain until vacancy drops; then increase in 2008.

Land Prices: Demand for land has fallen off in 2007. Lenders increased scrutiny of loans and a general slowing of the economy has slowed interest in smaller parcels. Truckee Meadows land saw over $9/sf. Larger tracts had better sales totals as developers bought to add building inventory. Pricing has maintained in this sector as well at $3.50-$4.00+/sf.. We anticipate further rising land costs due to supply and demand and increasing water rights values in 2008 and beyond.

2007 Recap: 2007 was a decent overall year, but with continued slowing as the year advanced. 3.4 million sf of new construction was added. 6 million sf was absorbed, finishing the year with a 9.2% vacancy factor, the highest vacancy rate in many years. Demand has slowed and caught developers with new and existing inventory, resulting in the high vacancy in big box sizes. Landlord concessions in bid box are available, however in the other sizes have not been prevalent.
2008, 1st half forecast: The Northern Nevada region experienced slowing in 2007, with developers putting up record new construction. If vacancy rates go into a balanced 8% range, anticipate pricing to have upward pressures.

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