Mitchell Asset Group completes, sells 10,000 sq. ft. Sparks health center
NNBV staff report
SPARKS, Nev. — Mitchell Asset Group announced April 16 it closed the sale of a newly developed medical office facility in Sparks.
Located at 777 Vista Blvd., the 10,429-square-foot property is fully occupied by a new DaVita Kidney Care center, operated by Denver-based DaVita HealthCare Partners Inc.
In a news release announcing the sale, Fort Worth, Texas-based Mitchell Asset Group did not disclose the name of the buyer. Financial terms of the sale also were undisclosed.
DaVita reportedly signed a 15-year lease commencing at the completion of construction on the property, which was designed by Harriman Kinyon Architects and built by Reno-based Frank Lepori Construction.
Dax T.S. Mitchell, president of Mitchell Asset Group, the project’s developer, said ground broke in late 2017 and finished ahead of schedule in March 2019.
“We generally develop for our own account and do not sell, but in this case were approached by a private buyer who desired to close on the acquisition at completion,” Mitchell said in a statement.
The DaVita Kidney Care center joins a busy medical community along Vista Boulevard, which includes Renown Health Urgent Center, Northern Nevada Medical Center, Spine Nevada clinic, senior care and assisted living facilities.
The news comes on the heels of a luxury home report from Nevada State Bank that showed in 2019, Northern Nevada’s high-value real estate market accounted for 418 home sales in 2019, an increase of 4.8 percent over 2018. The average luxury home price was over $1.8 million in 2019.