PECOS GOWAN COMMERCIAL CENTER
FOR SALE
PECOS GOWAN COMMERCIAL CENTER 3523 N PECOS RD / N LAS VEGAS, NV 89115
The Offering
Investment Highlights
Cushman & Wakefield is pleased to present the opportuni-
•
Located in a dense industrial corridor with national tenants like Amazon, Bed Bath & Beyond, & CDW
•
Over a million square feet of industrial space located across the street
•
Population counts are over 123,172 in a 3 mile radius
•
Only 40.76% occupied, significant upside potential
•
Leases structured with annual increases providing
ty to acquire Pecos Gowan Commercial Center, a ±14,000 square foot retail center. The property is located on the hard signalized corner of North Pecos Road and East Gowan Road. It is located block away from the College of Southern Nevada and across from Prologis Park North a 513,000 SF industrial park with tenants that include CDW, Bed Bath and Beyond, and Amazon. A further 594,000 SF of industrial space is under construction due to be completed by mid-2016 adding a significant amount of new jobs and day time traffic.
future rent growth
Offering Summary
The single story building was constructed in 2008 and is
Price:
$2,350,000
situated on 1.15 acres in Clark County, Nevada. It is in excel-
Price PSF:
$167.85
lent condition, with no deferred maintenance. The units
2016 NOI:
$124,683.00
range in size from 1,050 square feet to 4,648 square feet.
Cap Rate:
5.31%
Pecos Gowan Commercial Center tenants include Mercado
Pro Forma NOI:
$257,916.00
De Alegria and Cell Toys wireless store. The center is cur-
Occupancy:
40.76%
rently 40.76% occupied by two tenants, providing stable
Ownership Type:
Fee Simple
cash flow with annual increases, and upside potential.
Financing:
Cash or Cash to New Loan
Jeremy Foley Director (702) 688 6938 [email protected]
Nick Barber Director (702) 688 6937 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
3773 Howard Hughes Pkwy., Suite 100 S Las Vegas, NV 89169 Main +1 702 796 7900 Fax +1 702 796 7920 comre.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
PECOS GOWAN COMMERCIAL CENTER 3523 N PECOS RD / N LAS VEGAS, NV 89115
SITE
Jeremy Foley Director (702) 688 6938 [email protected]
Nick Barber Director (702) 688 6937 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
3773 Howard Hughes Pkwy., Suite 100 S Las Vegas, NV 89169 Main +1 702 796 7900 Fax +1 702 796 7920 comre.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
PECOS GOWAN COMMERCIAL CENTER 3523 N PECOS RD / N LAS VEGAS, NV 89115
The Offering
Investment Highlights
Cushman & Wakefield is pleased to present the opportuni-
•
Located in a dense industrial corridor with national tenants like Amazon, Bed Bath & Beyond, & CDW
•
Over a million square feet of industrial space located across the street
•
Population counts are over 123,172 in a 3 mile radius
•
Only 40.76% occupied, significant upside potential
•
Leases structured with annual increases providing
ty to acquire Pecos Gowan Commercial Center, a ±14,000 square foot retail center. The property is located on the hard signalized corner of North Pecos Road and East Gowan Road. It is located block away from the College of Southern Nevada and across from Prologis Park North a 513,000 SF industrial park with tenants that include CDW, Bed Bath and Beyond, and Amazon. A further 594,000 SF of industrial space is under construction due to be completed by mid-2016 adding a significant amount of new jobs and day time traffic.
future rent growth
Offering Summary
The single story building was constructed in 2008 and is
Price:
$2,350,000
situated on 1.15 acres in Clark County, Nevada. It is in excel-
Price PSF:
$167.85
lent condition, with no deferred maintenance. The units
2016 NOI:
$124,683.00
range in size from 1,050 square feet to 4,648 square feet.
Cap Rate:
5.31%
Pecos Gowan Commercial Center tenants include Mercado
Pro Forma NOI:
$257,916.00
De Alegria and Cell Toys wireless store. The center is cur-
Occupancy:
40.76%
rently 40.76% occupied by two tenants, providing stable
Ownership Type:
Fee Simple
cash flow with annual increases, and upside potential.
Financing:
Cash or Cash to New Loan
Jeremy Foley Director (702) 688 6938 [email protected]
Nick Barber Director (702) 688 6937 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
3773 Howard Hughes Pkwy., Suite 100 S Las Vegas, NV 89169 Main +1 702 796 7900 Fax +1 702 796 7920 comre.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
PECOS GOWAN COMMERCIAL CENTER 3523 N PECOS RD / N LAS VEGAS, NV 89115
SITE
Jeremy Foley Director (702) 688 6938 [email protected]
Nick Barber Director (702) 688 6937 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
3773 Howard Hughes Pkwy., Suite 100 S Las Vegas, NV 89169 Main +1 702 796 7900 Fax +1 702 796 7920 comre.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
