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2/06/25
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CapRock Partners purchased 55 Vista Boulevard, a 117k sf, free-standing industrial building in Sparks, NV. The price was not disclosed.
Built in 1995, 55 Vista Boulevard 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 Boulevard is well-positioned for efficient logistics and distribution. North of Interstate 80, a key east-west corridor connecting the San Francisco Bay Area to the East Coast, and close to Interstate 580, which links northern and southern Nevada, the location provides convenient access to regional and national markets and is within a day’s drive to major cities like Sacramento, San Francisco, Los Angeles, and Portland. 55 Vista Boulevard is approximately six and a half miles from Reno-Tahoe International Airport and approximately seven miles to Downtown Reno.
The 55 Vista Boulevard purchase transaction was facilitated by Joel Fountain and Nick Knecht with Dickson Commercial Group as well as Jeff Huberman with Lee and Associates. The pruchase marks CapRock’s third acquisition in Northern Nevada, increasing the firm’s total statewide investment and development pipeline to 5.37 msf of industrial space.
Reno’s industrial real estate market is a national leader in rent growth historically with demand driven by its modern logistics and distribution facilities, competitive leasing costs, and strong rail and air connectivity, as well as limited regional land availability and federal land ownership. Boosted by Nevada's supportive economic approach and skilled workforce, Reno has drawn many Fortune 500 companies such as Panasonic and Tesla, and it continues to attract more corporations seeking an efficient, cost-effective location in the Western U.S.
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