8010 & 8020 W SAHARA
8010 & 8020 W SAHARA LAS VEGAS, NV 89117
MULTI-TENANT OFFICE PARK
FOR SALE
±48,256 SF
THE OFFERING:
PROPERTY DATA
Fee simple interest in a ±48,256 SF multi-tenant office park. The project is situated on 3.58 acres in Clark County, NV. Moneyworld Plaza is comprised of two (2) two (2) story buildings located on West Sahara Avenue just west of Cimarron Road in the Las Vegas central west office sub-market. The property was constructed in 2001 and is in excellent condition with no deferred maintenance. Units range in size from 475 square feet to 12,657 square feet and are either occupied or ready for immediate occupancy. The property is currently 89% occupied with two vacant units. • Value add property with below market rents, in the very desirable central west office market • Stable cash flow from day one, largest tenant just renewed for an additional 3 years • Net Income has grown by an average of 171% since 2012 • Extremely positive leasing momentum over the last 24 months, 16 new tenants, 12 renewals, with an average rate increase of 9%. • Separately parceled buildings can be sold individually • Over 175,000 people in a 3 mile radius • Traffic counts over 42,000 vehicles per day
Price:
$6,350,000.00
Addresses
8010 & 8020 W. Sahara Ave.
Number of Buildings
Two (2) buildings
Property Type
Professional office two story buildings
Jurisdiction
City of Las Vegas
Zoning
Office (O)
APN
163-04-805-005 & 163-04-805-004
Total Square Footage
±48256 SF
Land Area
3.58 Acres
Year Built
2001
Occupancy
89.72%
Fully Sprinklered
Yes
Parking
200 surface, 76 covered, 5.71/1000
Traffic counts
42,000 vehicles per day
For more information, please contact: NICK BARBER Director (702) 688 6937 [email protected]
JEREMY FOLEY Director (702) 688 6938 [email protected]
CUSHMAN & WAKEFIELD | COMMERCE 3773 Howard Hughes Parkway, Suite 100 S Las Vegas, Nevada 89169 (702) 796 7900 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: K:\1 - Projects\Las Vegas Office\nick jeremy\8010 - 8020 w sahara
8010 & 8020 W SAHARA Las Vegas, NV 89117
FOR SALE
For more information, please contact: NICK BARBER Director (702) 688 6937 [email protected]
JEREMY FOLEY Director (702) 688 6938 [email protected]
CUSHMAN & WAKEFIELD | COMMERCE 3773 Howard Hughes Parkway, Suite 100 S Las Vegas, Nevada 89169 (702) 796 7900 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: K:\1 - Projects\Las Vegas Office\nick jeremy\8010 - 8020 w sahara
MULTI-TENANT OFFICE PARK
FOR SALE
±48,256 SF
THE OFFERING:
PROPERTY DATA
Fee simple interest in a ±48,256 SF multi-tenant office park. The project is situated on 3.58 acres in Clark County, NV. Moneyworld Plaza is comprised of two (2) two (2) story buildings located on West Sahara Avenue just west of Cimarron Road in the Las Vegas central west office sub-market. The property was constructed in 2001 and is in excellent condition with no deferred maintenance. Units range in size from 475 square feet to 12,657 square feet and are either occupied or ready for immediate occupancy. The property is currently 89% occupied with two vacant units. • Value add property with below market rents, in the very desirable central west office market • Stable cash flow from day one, largest tenant just renewed for an additional 3 years • Net Income has grown by an average of 171% since 2012 • Extremely positive leasing momentum over the last 24 months, 16 new tenants, 12 renewals, with an average rate increase of 9%. • Separately parceled buildings can be sold individually • Over 175,000 people in a 3 mile radius • Traffic counts over 42,000 vehicles per day
Price:
$6,350,000.00
Addresses
8010 & 8020 W. Sahara Ave.
Number of Buildings
Two (2) buildings
Property Type
Professional office two story buildings
Jurisdiction
City of Las Vegas
Zoning
Office (O)
APN
163-04-805-005 & 163-04-805-004
Total Square Footage
±48256 SF
Land Area
3.58 Acres
Year Built
2001
Occupancy
89.72%
Fully Sprinklered
Yes
Parking
200 surface, 76 covered, 5.71/1000
Traffic counts
42,000 vehicles per day
For more information, please contact: NICK BARBER Director (702) 688 6937 [email protected]
JEREMY FOLEY Director (702) 688 6938 [email protected]
CUSHMAN & WAKEFIELD | COMMERCE 3773 Howard Hughes Parkway, Suite 100 S Las Vegas, Nevada 89169 (702) 796 7900 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: K:\1 - Projects\Las Vegas Office\nick jeremy\8010 - 8020 w sahara
8010 & 8020 W SAHARA Las Vegas, NV 89117
FOR SALE
For more information, please contact: NICK BARBER Director (702) 688 6937 [email protected]
JEREMY FOLEY Director (702) 688 6938 [email protected]
CUSHMAN & WAKEFIELD | COMMERCE 3773 Howard Hughes Parkway, Suite 100 S Las Vegas, Nevada 89169 (702) 796 7900 www.comre.com
©2015, Commerce Real Estate Solutions. Disclaimer: The above information is given with the obligation that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through Commerce Real Estate Solutions. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other encumbrances, withdrawal without notice, and to any special listing conditions imposed by the seller. Prospective buyers should conduct their own due diligence. Some aerial photography by DigitalGlobe or Aerials Express. path: K:\1 - Projects\Las Vegas Office\nick jeremy\8010 - 8020 w sahara
