CapRock acquires industrial buildings in Sparks

CapRock Partners announces its closing on two industrial assets totaling 177,100 square feet in Sparks.

The two buildings, located at 120 and 250 Greg St., are free-standing mid-bay warehouses within the Reno industrial real estate market’s Sparks infill submarket.

CapRock’s plan is to renovate the two buildings and implement capital improvements to enhance their functionality. Planned renovations include adding storefronts, building new offices, refreshing existing offices, installing LED lighting, new interior and exterior building paint, as well as making improvements to the site’s parking lots and landscaping.

The purchase transaction was facilitated by Brian Armon with NAI Alliance and his team, Tony Machabee and Derek Carroll. They are also leading the buildings’ leasing efforts.

For information, visit https://caprock-partners.com/.