CapRock Partners announced its acquisition of 3200 USA Parkway, a 707,010-square-foot cross-dock industrial warehouse in Sparks, Nev. The class A distribution building is within the Tahoe-Reno Industrial Center (TRIC), a premier industrial park within the land-constrained Reno industrial real estate market.
CapRock acquired the 48-acre property from an institutional investor in an off-market transaction.
"CapRock Partners is excited to acquire 3200 USA Parkway, a high-quality industrial facility well positioned within Reno’s TRIC business park for efficient distribution throughout the western U.S.," said Chad Ridenour, senior associate, acquisitions, at CapRock Partners. "3200 USA Parkway is ideal for companies looking to leverage Reno’s advantageous business climate; wide distribution reach; and readily available utilities, including power. After monitoring the region for some time, we are pleased to have secured a unique opportunity to purchase this high-quality
