multi tenant office building multi tenant office … · 2018. 2. 28. · las vegas, nv 89130 the...

The information above has been obtained from sources we deem reliable and is submitted subject to errors, omission and changes..While we do not doubt its accuracy, we have not verified it and make no guarantee warranty or representa-

tion about it. The recipient prior to lease, purchase, exchange or execution of legal documents should verify all information.

3658 N Rancho Dr # 101

Las Vegas, NV 89130

www.albrightcallister.com

Douglas Albright Bryan Houser

Broker Senior Associate

[email protected] [email protected]

Office: 702-732-1000 Fax: 702-395-9462

MULTI TENANT OFFICE BUILDING MULTI TENANT OFFICE BUILDING 1550 E SAHARA AVE Las Vegas, NV 891041550 E SAHARA AVE Las Vegas, NV 89104

VALUE ADD

INVESTMENT OPPORTUNITY

The information above has been obtained from sources we deem reliable and is submitted subject to errors, omission and changes..While we do not doubt its accuracy, we have not verified it and make no guarantee warranty or representation about

it. The recipient prior to lease, purchase, exchange or execution of legal documents should verify all information.


Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462

FOR SALE MULTI TENANT OFFICE BUILDING

1500 E Sahara Ave Las Vegas, NV 891041500 E Sahara Ave Las Vegas, NV 89104

The value add asset for sale located just East of Maryland Pkwy and front on E Sahara Ave is a great price point and has upside with

flexible leasing options and rates. The total building size is 6,317 SF and it has a healthy rent roll with a diversified tenant mix. Ample

parking and minutes from Las Vegas Blvd. A new owner can benefit from adding value to the property with increased rents and filling the

small vacancy in the building. Suites are ready to be leased. The building was built in 1965 and has been maintained by current

Ownership for a number of years. The building is prime for a 1031 exchange or investor looking to be in the market under a million

dollars. Property has a billboard on site and can provide additional income upon the lease expiration in 2022.

THE BUILDING:

FEATURES:

Price: $695,000.00 or $110.02SF

CAP Rate: 6.7% CAP based on NOI

Total Building Square Footage: 6,317 SF

Zoning: (C-1) Limited Commercial District

Currently 78% Occupied with value add in placing Tenants and increased

rent

Potential income from the Billboard sign at the lease expiration in 2022

anticipated at $7-9,000/ yr average for this area.




Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462



BUILDING PHOTOS:




Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462



BUIILDING AERIAL PHOTO




Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462

RENT ROLL AND INVESTMENT SUMMARY




Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462



Operating Costs:




Las Vegas, NV 89130





Office: 702-732-1000 Fax: 702-395-9462



ALBRIGHT CALLISTER & ASSOCIATES

LISTING DETAIL SHEET

OFFICE

Listing Agent (s): Douglas Albright

Bryan Houser

Beth Adam

Phone: 702-732-1000

Fax: 702-395-9462

Address: 3658 N Rancho Dr #101

Las Vegas, NV 89130

Last Update: 2/26/18

Property Name: Multi Tenant Office Building

Address: 1500 E Sahara Ave Las Vegas, NV 89104

Cross Streets: Maryland Pkwy and E Sahara Ave

County: Clark

Zoning: Limited Commercial (C-1)

APN: 162-02-410-140

Building Area: 6,317 SF

Year Built: 1965

Flood Zone: Property not in 100 yr Flood Zone

LOCATION

Located on E Sahara about 1/2 mile East of Maryland Parkway.

Property Square Footage Sales Price Price/SF CAP RATE

1500 E Sahara 6,317 $695,000.00 $110.02/SF 6.7%

multi tenant office building multi tenant office … · 2018. 2. 28. · las vegas, nv 89130 the...

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