Auction Date: Tuesday, Nov 18th at 2:00pm on site

Property Address: 550 Mallory Way, Carson City, NV

Property Description:

Building Auction on November 18, 2008 @ 2PM. (see attached terms & conditions for the Auction). Property has a current Appraisal dated Sept. 30, 2008 putting "As Is" value of $4.8M. The Auction has a Minimum Acceptable Bid of $750,000/$6.00 per foot. The property consists of a 125,000 sq. ft. building on 5.77 acres. Building is demised into 3 sections, one 30,000 sq. ft. space, one 40,000 sq. ft. space & one 55,000 sq. ft. space. Currently the building is single metered for utilities, however this would make a great redevelopment project into individual units. The 55,000 sq. ft. section has approximately 10,000 sq. ft. of office/cubicle space, while the 30,000 & 40,000 ft. sections each have production office & restrooms. There is ample parking surrounding the building, and there is an overflow parking easement in place with the adjoining properties.

Location Description:

This light industrial property is located in the heart of Carson City, easy access to the downtown core of Carson City. Fairview Drive which is one block south of the subject property provides direct access to the on/off ramp off I-580, US Highways 395 & 50. Carson City is a short thirty minutes from Reno and Reno Tahoe International Airport. The immediate area consists of like kind light industrial properties and big box retailers, including Lowe's, Office Depot, and others.

Property Highlights:

• Building S.F.: 125,000

• No. of Ground Level Doors: 4

• No. of Dock High Doors: 5

• Land Acres: 5.77

• Cross Street: Roop St.

• Tax Parcel Number: 009-551-28

• Market: Northern Nevada

• Sub Market: Carson City

• No. of Buildings: 1

• No. of Stories: 1

• Year Built: 1969

• Year Renovated: 2002

• Percent Office Space: 8.00 %

• Percent Air Conditioned: 8.00 %

• Location Class: A

• Building Class: B

• Zoning Type: Limited Industrial

• Mixed Use: No

• Mezzanine: No

• Rail Access: No

• Airport Access: No

• Water Access: No

• Drive Thru Access: No

• Freeway Access: Yes

• Auction Brochure (pdf)

• For additional information, visit: http://Sale.SVN.com/malloryauction
   

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Terms:

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Sperry Van Ness/INTERSTATE AUCTION COMPANY

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