Laguna Beach, CA – July 30, 2025 – Dornin Investment Group (“DIG”) is pleased to announce the off-market acquisition of 831 Deming Way, a 61,770-square-foot light industrial building located in the highly sought-after Sparks, Nevada industrial corridor. This increases DIG’s Reno/Spark industrial portfolio to over 21 buildings.
Built in 1979, the single-building asset spans 2.47 acres and features four flexible units ranging from 9,765 to 18,958 square feet. With clear heights of approximately 24 feet, 11 dock-high doors, and two ground-level roll-up doors, the property offers exceptional functionality and visibility. Currently 100% vacant, the building presents a compelling mark-to-market opportunity in a supply-constrained submarket.
“831 Deming Way represents a rare opportunity to acquire a well-located, functional industrial asset with significant upside,” said Chris Dornin, CEO of Dornin Investment Group. “The property’s vacancy and physical attributes allow us to reposition it and lease at current market rates, which aligns perfectly with our value-add strategy.”
DIG plans to invest $600,000 in capital improvements to unlock the property’s full potential. The business plan includes:
• Renovating existing infrastructure
• Demising the largest unit to create five total units
• Refreshing the exterior façade
• Delivering turnkey white-box spaces tailored to tenant demand
With a 4.5% vacancy rate and strong leasing fundamentals in the Sparks submarket, DIG’s repositioning strategy is designed to capitalize on favorable market conditions and drive rental growth.
Philip Smith, Director of Acquisitions at DIG, added, “This acquisition is a strategic addition to our portfolio. The property’s location, physical attributes, and market dynamics offer a unique opportunity to create value through thoughtful repositioning and leasing execution.”
The transaction was brokered by Mike Keating of Logic Commercial Real Estate, who has been a pleasure to work with on another successful deal. As Mike shared, “Thank you, Dornin Team, for working together on another successful transaction.”
The acquisition was capitalized through a combination of equity from a high-net-worth investor and debt financing from RRA Capital. Legal counsel was provided by Allen Matkins, while title and escrow services were facilitated by Fidelity National Title.
About Dornin Investment Group
Dornin Investment Group (“DIG”) is a fully integrated real estate investment firm with offices in Laguna Beach, CA, and Las Vegas, NV. DIG invests in commercial and residential real estate across the capital stack in partnership with a broad base of institutional and private investors. The firm specializes in distressed, opportunistic, and value-add investments across all major property types, focusing on office, flex, industrial, multifamily, and hospitality properties, in addition to non- and sub-performing loans. DIG’s full-service investment platform includes asset and property management, leasing, design services, construction management, and capital markets advisory services through its wholly owned subsidiary, Dornin Realty Advisors. Since 2010, DIG has completed more than $1.9B in investments across 83 transactions. For more information, visit www.dorningroup.com.
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