865 Tahoe Blvd
Incline Village, Nevada
Acquired: August 2010
Property description: 41,088 square foot A-frame redwood building in the heart of Incline Village
History: Centerpoint has been used as an office building since it was constructed in 1980. Tenants included a county courthouse, wedding chapel, and property management company.
Redevelopment: ODI replaced the carpet, repainted, re-paved the parking lot, and developed several 150-300 square foot plug-and-play executive offices featuring state-of-the-art telecommunications and amenities.
Current status: The office space was sold in 2016. The owners enjoy Nevada tax advantages and are minutes from Lake Tahoe.