Industrial Building at Tahoe Reno Industrial Center

Centennial Advisers is marketing a newly constructed 20,000-square-foot industrial building in the Tahoe-Reno Industrial Center (TRIC) in Storey County, Nevada, offered fee simple to Qualified Opportunity Fund sponsors and other buyers. The property is located in census tract 32029970200, an Opportunity Zone designated in 2018 that remains open for OZ investment through December 31, 2028. The asking price is $5,120,000, a 6.00% cap rate on year-one rent.

The building was completed in 2026 for United Rentals (NYSE: URI), the equipment rental company, which has leased it for five years with a corporate guaranty. Annual rent starts at $307,200 and increases 3.5% per year, and the tenant has two five-year renewal options. This will be United Rentals’ second location in TRIC, alongside its existing branch on Peru Drive. The building includes 1,000 square feet of office space, three 14' x 16' grade-level doors, 24' clear height, and a 21,780-square-foot secured, fenced yard.

The building is Phase 1 of a planned three-building project on the site, with two additional buildings of about 40,000 square feet each planned for later phases. A September 2026 loan quote obtained by Centennial shows financing of up to 58% loan-to-value.

TRIC spans roughly 100,000 acres east of Reno along Interstate 80. Its tenants include Tesla, Panasonic, Switch, Google, Walmart, and Redwood Materials, and data center developers including Tract, Vantage, and EdgeCore have large campuses built or under construction nearby. The site is about 2 miles from the I-80/USA Parkway interchange, 25 miles from downtown Reno, and 26 miles from Reno-Tahoe International Airport.