Chad Coons, broker/owner of Gillmor Coons Real Estate Group in Genoa, successfully closed the largest industrial real estate transaction in Carson Valley for the past year.
The industrial building, located near the Minden-Tahoe Airport at 2379 Heybourne Road, consists of 79,000 square feet and 5.09 acres.
The building was originally constructed by the tenant in 1994 with expansions in 1997 and 2002. With one of the strongest tenants in the Carson Valley industrial market, North Sails, the net leased investment was listed at $5.95 million and sold at $5.3 million.
"The change of ownership in the building has had no effect on North Sails' operation," Coons said. "North Sails is very committed to the Minden area with a long-term lease in place with the new property owner."
According to the Douglas County Assessor's Web site, the seller was H2W Partnership, and the buyer was 2379 Holdings, LLC, based out of Evanston, Wyo. Transfer of the property was recorded on April 22.
A certified commercial investment member, Coons specializes in Minden, Gardnerville, Carson City and overall Northern Nevada industrial and retail properties.
For more information, call (775) 720-2115 or visit www.commercialrealestatenv.com.
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