CapRock has recently acquired a 707,010 sq. ft. Class A industrial warehouse in Reno, expanding their portfolio within the state of Nevada to approximately 5.0 million square feet of industrial space through acquisitions and developments since 2017.
The property, located at 3200 USA Parkway within the Tahoe Reno Industrial Center (TRIC), was obtained from an institutional investor in an off-market transaction. TRIC is one of the largest industrial parks globally and serves as a key hub for manufacturing and distribution operations with easy access to eight Western states encompassing over 60 million people.
Notable owners such as Prologis, Blackstone/Link, Majestic Realty, and GIC have invested in TRIC due to its prime location for institutional investment opportunities. The park also boasts major tenants including Tesla, Walmart,Tire Rack Home Depot,and Panasonic – further highlighting its strategic position as a highly efficient distribution center.
CapRock’s acquisition adds another significant asset to their growing portfolio while solidifying their presence in Nevada’s thriving commercial real estate market.
