GPR Ventures purchases third property in growing Northern Nevada market

By Devon Walls.
Updated Aug 24, 2021

CARSON CITY, Nev. (PRWEB) August 24, 2021 - GPR Ventures has purchased a 144,000-square-foot manufacturing building located at 101 Evans Ave. in Dayton, just 12 miles east of Carson City. The building is 100 percent leased by Bruce Aerospace, an elite producer of leading-edge plug and play aircraft interior lighting systems, which has occupied the facility since moving its operations from Southern California to Nevada in 1987. The new purchase is the commercial real estate investment firms third in Northern Nevada and its 31st acquisition overall.

GPR Ventures is committed to expanding its presence throughout the West Coast, and the fast-growing business hub of Northern Nevada is an important part of our strategy, said GPR Ventures co-founder and Managing Principal Glen Yonekura. More and more companies are looking to locate here because of the states favorable business climate, and much of that growth is driven by technology and advanced manufacturing. This property fits that profile extremely well.

TWEET THIS: Real estate investment firm #GPRVentures has purchased its third property in Northern Nevada. The 170,000 sq ft industrial facility is fully occupied and features dedicated manufacturing space as well as 25,600 sq ft of office space. https://gprventures.com/

Co-founder and managing principal Phillip Rolla said investing in Northern Nevada is a sound decision. The region is one of the fastest-growing areas in the country and was rated among the nations top metro areas in a recent Milken Institute report, Rolla said. The propertys strong tenant base was very attractive to us, and we plan to make several building improvements, including exterior painting, asphalt improvements and upgraded lighting to increase the value.

About 101 Evans Ave. The concrete tilt-up building is situated on an 11.73-acre parcel at the Dayton Airpark. The building is mainly dedicated to open manufacturing space, and it also includes 25,600 square feet of office space with a break room and cafeteria, multiple private and executive offices, locker rooms and document storage rooms.

Building features include three dock-high doors, two drive-in doors, and 26-foot ceilings in the industrial space. Interior lighting is provided by skylights, Metal Halide High Bay lighting fixtures, and energy-efficient T5 LED tube lighting.

For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/.

About GPR Ventures Founded in 2011, GPR Ventures is a privately held real estate investment firm with offices in Silicon Valley and Sacramento that specializes in providing real estate opportunities for a select group of sophisticated investors. GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results. GPRs portfolio includes 86 industrial and office buildings totaling over 3 million square feet and an additional 26 acres of industrial and mixed-use residential land. For additional information, please visit GPRVentures.com or call (408) 559-3300.