CapRock Partners has closed on 55 Vista Blvd., a 117,000-square-foot, free-standing industrial building in Sparks, Nev. The transaction marks CapRock’s third acquisition in northern Nevada, increasing the firm’s total statewide investment and development pipeline to 5.37 million square feet of industrial space.
Built in 1995, 55 Vista Blvd. is a single-tenant warehouse on a five-acre site within the Sparks industrial submarket. Fully leased to a national provider of commissary goods to prisons and jails, the property features 24-foot clear height, 26 dock-high doors, two grade-level doors, and a 0.50-acre trailer parking yard.
“55 Vista Blvd. represents an excellent value-add investment in one of Reno’s strongest submarkets, and we are excited to introduce another strategic asset to our Northern Nevada portfolio,” said Chad Ridenour, senior associate at CapRock Partners. “Reno’s industrial market is poised for continued growth, driven by strong demand f
