office or medical, with signage frontage and visibility€¦ · st, the strip, downtown, and...

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Listing ID: 30138546Status: ActiveProperty Type: Office For LeaseOffice Type: Governmental, High-TechContiguous Space: 2,343 SFTotal Available: 2,343 SFLease Rate: $1 PSF (Monthly)Unit Price: $12 PSF (Annual)Base Monthly Rent: $2,343Lease Type: NNN

Overview/CommentsOverview/CommentsProfessional Office, Medical, Signage, Frontage, Visibility 89104.

Parking in front, rear, and street.

Qualifies for 10% down SBA loan for owner/user, 5.3% fixed for 20 years,

$2,100 monthly payments or only 89c per foot per month.

100% available for purchase or lease. All Vet equipment has been removed.

1208 S. Eastern is a 2,343’ professional office building.19 acres, on the

corner of Houston Dr., just south of E. Charleston, just north of Oakey.

Previously used as an animal hospital, but now can be re-purposed for a

new life. Could possibly be professional office, medical, urgent quick care,

chiropractor, check cashing, laboratory, financial services, employment

agency, tutoring center, adult day care, tax service, travel, immigration,

etc...??

Currently has reception room, waiting rooms, 4 private offices, many

countertops with sinks, 2 private restrooms, private storage, private

executive office, break room, many built-in cabinets, plenty of plumbing.

S. Eastern Ave. has over 35,000 cars per day. This corner building has

excellent frontage, signage, and visibility. Front and rear parking. Can add

additional parking. Mature landscaping. Easy access to Charleston, I-95,

Fremont St, The Strip, Downtown, and Boulder Highway.

APN: 162-02-517-019, built 1969, remodeled 1994,

City of Las Vegas zoned Professional Offices and Parking (P-R)

Clark County Land Use 41.335 - Offices, Professional and Business Services

For sale at $349,999 or only $149 per square foot.

Also available for lease at $1.00 base rent plus 33c operating expenses.

General InformationGeneral InformationTaxing Authority: City of Las VegasTax ID/APN: 162-02-517-019

Office or Medical, with Signage Frontage and VisibilityOffice or Medical, with Signage Frontage and Visibility1208 S Eastern Ave, Las Vegas, NV 89104

Prepared by Michael Hawkes, Great Bridge PropertiesJan 28, 2019 on Catylist

702-642-4235 [M] 702-642-4235 [O] [email protected] Real Estate License: BS.0145012

Page 1

Office Type: Governmental, High-Tech, Institutional, Medical,Net Leased, Office Building, Research &Development, Other

Zoning: CITY OF LAS VEGAS ZONED PROFESSIONALOFFICES AND PARKING (P-R)

Building Name: Office or Medical, with Signage Frontage andVisibility

Class of Space: Class CGross Building Area: 2,343 SFBuilding/Unit Size (RSF): 2,343 SFUsable Size (USF): 2,343 SFLand Area: 0.19 Acres

Available SpaceAvailable SpaceSuite/Unit Number: Complete BuildingSuite Floor/Level: 1Space Available: 2,343 SFMinimum Divisible: 2,343 SFMaximum Contiguous: 2,343 SFSpace Subcategory 1: Office ShowroomSpace Subcategory 2: Research & DevelopmentSpace Type: ReletDate Available: 08/01/2018

Lease Term (Months): 60 MonthsLease Rate: $1 PSF (Monthly)Lease Type: NNNConference Rooms: 1Offices: 3Kitchen/Breakroom: YesOperating Expenses: $3.60 PSF (Annual)Rent Escalators: Step-Up Lease

Space Description Professional Office, Medical, Signage, Frontage, Visibility 89104 Qualifies for 10% down SBA loan for owner/user, 5.3% fixed for 20 years, $2,100monthly payments or only 89c per foot per month. 100% available for purchase or lease. All Vet equipment has been removed. 1208 S. Eastern is a 2,343’ professionaloffice building.19 acres, on the corner of Houston Dr., just south of E. Charleston, just north of Oakey. Previously used as an animal hospital, but now can be re-purposedfor a new life. Could possibly be professional office, medical, urgent quick care, chiropractor, check cashing, laboratory, financial services, employment agency, tutoringcenter, adult day care, tax service, travel, immigration, etc...?? Currently has reception room, waiting rooms, 4 private offices, many counter tops with sinks, 2 privaterestrooms, private storage, private executive office, break room, many built-in cabinets, plenty of plumbing. S. Eastern Ave. has over 35,000 cars per day. This cornerbuilding has excellent frontage, signage, and visibility. Front and rear parking. Can add additional parking. Mature landscaping. Easy access to Charleston, I-95, FremontSt, The Strip, Downtown, and Boulder Highway. APN: 162-02-517-019, built 1969, remodeled 1994, City of Las Vegas zoned Professional Offices and Parking (P-R) ClarkCounty Land Use 41.335 - Offices, Professional and Business Services For sale at $349,999 or only $149 per square foot. Also available for lease at $1.00 base rent plus33c operating expenses

Area & LocationArea & LocationProperty Located Between: Charleston and OakeyProperty Visibility: Excellent

Building RelatedBuilding RelatedTotal Number of Buildings: 1Number of Stories: 1Typical SF / Floor: 2,343 SFYear Built: 1969Year Renovated: 1994

Parking Description: Front and back can add additional parkingLoading Doors: 0Loading Docks: 0Passenger Elevators: 0Freight Elevators: 0

LocationLocationAddress: 1208 S Eastern Ave, Las Vegas, NV 89104County: Clark

MSA: Las Vegas-Henderson-ParadiseSubmarket: Downtown



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T O T A L P R O J E C T F I N A N C I N G A V A I L A B L E

Note: Estimated Closing Costs/Fees will include but are not limited to Environmental, Appraisal, Title Insurance, and Other Std Costs. Financing may be available for these

items.

Total Square Footage

None

Pre-payment Penalty 3 year (5%,3%,1%)

Lender Points None

Director

Great Bridge Properties Advantage Capital Investments

702-Michael (642-4235) | [email protected] 425-358-3055 | [email protected]

*This is a sample rate used for illustration purposes. Individualized, formal rate quotes are provided with loan prescreenings and are dependent on many

credit/underwriting factors. Please call for rate options. This flyer is for information purposes only and does not represent a commitment to lend.

Interest Rate is based on Prime plus 2.75%, and is adjustable.

8.00%

F I N A N C I N G S C E N A R I O

Purchase Price $349,999

Down Payment (0%) $0

$349,999Loan Amount (100%)

Term of Loan in Years (fully amortizing)

Interest Rate* Variable Prime Plus

25

C O S T P E R S Q U A R E F O O T C O M P A R I S O N

Monthly Loan Payment $2,701

Broker and Salesman

Shawn Smith

2,343

PURCHASE: Monthly Cost for principal and interest per sq. ft. $1.15

Price Per Square Foot $149.38

Relocate or expand your business.

1208 S Eastern Ave, Las Vegas, NV 89104

To discuss this property To discuss financing options

Michael Hawkes

Processing Time Three Weeks

Balloon Payment

100% SBA 7A Loan Option Zero Down Payment

Michael Hawkes

Highlight

SBA 504 Loan Scenario1208 S Eastern Ave, Las Vegas, NV 89104 2,343 sf

Own the Business? Own the Building.

Purchase Price $160.05 psf $374,999

Improvements $0.00 psf $0

Equipment $0

Other $0

Total Project Costs $160.05 psf $374,999

Loan StructureBank 1st Mortgage 50% $187,500

SBA 504 2nd Mortgage* 40% $156,000

Down Payment 10% $37,500Total Project with Fees $380,999

Loan Amount Rate Term Amort Monthly Pymt Annual PymtBank 1st Mortgage 187,500$ 5.50% 10 Yrs 25 Yrs 1,151$ 13,817$ SBA 504 2nd Mortgage* 156,000$ 4.50% 20 Yrs 20 Yrs 987$ 11,843$

Total Financing 343,500$ 5.05% 2,138$ 25,660$

Assumptions:

For more information contact TMC:

Your SBA 504 ExpertChris HunterTMC FinancingSVP, Business [email protected] Scenario as of: 11/29/2017

90% SBA 504 Financing Example

● Bank rate, terms and fees are estimated and will vary depending on lender.

● SBA rate is as of Nov '17. Actual rate is set at debenture sale.

● SBA Fee is estimated at 2.15% plus a $2,500 legal fee. All SBA fees are financed in the 504 loan.

● Related costs including appraisal and environmental reports, escrow closing costs (including insurance and legal

closing costs) and other soft costs may be included in the loan.

● 90% LTV financing generally does not require additional collateral.

* Includes financed SBA fees of $6,000

50%

40%

10%

Bank Loan

SBA 504 Loan

Injection

Monthly payment equals 91c per square foot per month

mailto:[email protected]

Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Michael Hawkes

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Property ImagesProperty Images

21ae973c9b60439aa25fa1eba11babb6

Floor Plan



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1204 S Eastern Realist Report

20170701_140807

20170701_141047

70859957

70859958

70859959



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Gizmo High

Gizmo

70859953

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Map



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70859959

Small Aerial

Property ContactsProperty Contacts

Michael HawkesMichael HawkesGreat Bridge Properties

702-642-4235 [M]

702-642-4235 [O]

[email protected]



© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither the administrators of this site nor Catylist assume anyliability for errors or omissions.

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Radius: 1 mile 3 miles 5 miles

2023 Projection 43,072 339,773 793,2972018 Estimate 38,666 305,947 717,9042015 Estimate 36,974 294,254 694,324

2010 Census 32,399 259,400 604,105Growth 2018-2023 11.4% 11.06% 10.5%Growth 2015-2018 4.58% 3.97% 3.4%Growth 2010-2015 14.12% 13.44% 14.93%




Disclaimer:Disclaimer: While we believe this information (via GeoLytics) to be reliable, we have not checked its accuracy and make no guarantee as to its validity. By using the information provided on this page, the

user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using.

PopulationPopulation

Population (Male)Population (Male)

Demographics, Labor/Workforce, and ConsumerDemographics, Labor/Workforce, and ConsumerExpendituresExpenditures1208 S Eastern Ave, Las Vegas, NV




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Age 0 to 5 4,534 35,331 81,399Age 5 to 10 3,495 27,618 64,381

Age 10 to 15 2,977 24,273 57,454Age 15 to 20 2,538 21,046 50,452Age 20 to 25 2,317 19,270 46,525Age 25 to 30 2,326 18,866 45,065Age 30 to 35 2,359 18,645 44,285Age 35 to 40 2,360 18,586 43,818Age 40 to 45 2,402 18,742 44,057Age 45 to 50 2,566 19,473 45,270Age 50 to 55 2,384 17,932 41,864Age 55 to 60 2,223 16,273 38,065Age 60 to 65 1,869 14,004 32,657

Age 65 and over 4,316 35,888 82,612Total Population 38,666 305,947 717,904

Median Age 31.78 32.12 32.06


Age 0 to 5Age 5 to 10Age 10 to 15Age 15 to 20Age 20 to 25Age 25 to 30Age 30 to 35Age 35 to 40Age 40 to 45Age 45 to 50Age 50 to 55Age 55 to 60Age 60 to 65Age 65 and over

12% 12% 11%

9% 9% 9%

8% 8% 8%

7% 7% 7%

6% 6% 6%

6% 6% 6%

6% 6% 6%

6% 6% 6%

6% 6% 6%

7% 6% 6%

6% 6% 6%

6% 5% 5%

5% 5% 5%

11% 12% 12%


2010 Census 35.33 33.78 33.39


2010 Census 34.77 34.14 34.13


High SchoolGraduate (or GED)

6,802 52,817 121,702

Some College, NoDegree

4,090 36,190 92,318

Associate orBachelor's Degree

1,018 7,563 22,080

Master's Degree 381 3,428 9,778Professional School

Degree380 2,438 5,860

Doctorate Degree 139 1,346 3,631Total High School

Graduates Age 25+12,810 103,782 255,369


High SchoolGraduate (or GED)Some College, NoDegreeAssociate orBachelor's DegreeMaster's DegreeProfessional SchoolDegreeDoctorate Degree

53% 51% 48%

32% 35% 36%

8% 7% 9%

3% 3% 4%

3% 2% 2%

1% 1% 1%

Population (Female)Population (Female)

Population by AgePopulation by Age (2018 Estimate)

Median Age (Male)Median Age (Male)

Median Age (Female)Median Age (Female)

High School Graduates Age 25+ by Educational AttainmentHigh School Graduates Age 25+ by Educational Attainment (2018 Estimate)




Page 8Page 8





2023 Projection 2.92 3.06 3.12018 Estimate 2.92 3.06 3.12015 Estimate 2.89 3.04 3.08

2010 Census 2.86 2.99 3.04Growth 2018-2023 0% -0% 0%Growth 2015-2018 0.92% 0.84% 0.62%Growth 2010-2015 1.23% 1.66% 1.32%

HouseholdsHouseholds

Average Household SizeAverage Household Size




Page 9Page 9


Family Households 7,650 62,463 154,167Married-couple

family4,247 36,280 92,690

With ownchildren

under 18years

2,280 19,177 47,582

No ownchildren

under 18years

1,967 17,103 45,108

MaleHouseholder:

no wife present1,277 8,916 20,942

With ownchildren

under 18years

563 4,213 9,888

No ownchildren

under 18years

714 4,703 11,054

FemaleHouseholder:no husband

present

2,126 17,267 40,535

With ownchildren

under 18years

1,172 9,973 23,046

No ownchildren

under 18years

954 7,294 17,489

NonfamilyHouseholds

6,659 41,651 86,703

1 Personhouseholds

5,117 31,744 64,824

2+ Unrelatedpeople

1,542 9,907 21,879

Total Households 14,309 104,114 240,870


Family HouseholdsMarried-couplefamily

With ownchildrenunder 18yearsNo ownchildrenunder 18years

MaleHouseholder:no wife present


FemaleHouseholder:no husbandpresent


NonfamilyHouseholds

1 Personhouseholds2+ Unrelatedpeople

53% 60% 64%

30% 35% 38%

16% 18% 20%

14% 16% 19%

9% 9% 9%

4% 4% 4%

5% 5% 5%

15% 17% 17%

8% 10% 10%

7% 7% 7%

47% 40% 36%

36% 30% 27%

11% 10% 9%

Households by Household Type and Size and Presence of ChildrenHouseholds by Household Type and Size and Presence of Children (2018 Estimate)




Page 10Page 10


Less than $25,000 6,001 35,845 69,685$25,000 to $49,999 4,392 33,964 74,675$50,000 to $74,999 2,544 18,067 48,688$75,000 to $99,999 619 8,616 24,099

$100,000 to$124,999

319 3,343 10,523

$125,000 to$149,999

275 1,767 5,880

$150,000 to$199,999

121 1,653 4,759

$200,000 or more 38 859 2,561Total Households 14,309 104,114 240,870

Average HouseholdIncome

$40,413.99 $45,414.67 $51,635.94

Median HouseholdIncome

$33,901.80 $39,673.73 $45,885.54


Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to$124,999$125,000 to$149,999$150,000 to$199,999$200,000 or more

42% 34% 29%

31% 33% 31%

18% 17% 20%

4% 8% 10%

2% 3% 4%

2% 2% 2%

1% 2% 2%

0% 1% 1%


Less than $25,000 6,541 39,216 76,209$25,000 to $49,999 4,830 37,357 82,073$50,000 to $74,999 2,818 19,936 53,398$75,000 to $99,999 695 9,548 26,378

$100,000 to$124,999

352 3,648 11,487

$125,000 to$149,999

309 1,930 6,371

$150,000 to$199,999

137 1,775 5,108

$200,000 or more 41 874 2,685Total Households 15,723 114,284 263,709

Average HouseholdIncome

$40,355.56 $45,485.93 $51,511.17

Median HouseholdIncome

$34,607.84 $40,769.76 $46,879.59


Less than $25,000$25,000 to $49,999$50,000 to $74,999$75,000 to $99,999$100,000 to$124,999$125,000 to$149,999$150,000 to$199,999$200,000 or more

42% 34% 29%

31% 33% 31%

18% 17% 20%

4% 8% 10%

2% 3% 4%

2% 2% 2%

1% 2% 2%

0% 1% 1%


2018 Estimate $14,119.68 $15,381.14 $17,129.252015 Estimate $14,145.05 $15,551 $17,278.76

Growth 2015-2018 -0.18% -1.09% -0.87%


2018 Estimate 8.59% 7.9% 7.21%2015 Estimate 16.51% 16.91% 15.73%

Growth 2015-2018 -47.98% -53.29% -54.16%

Households by Household IncomeHouseholds by Household Income (2018 Estimate)

Households by Household IncomeHouseholds by Household Income (2023 Projection)

Per Capita IncomePer Capita Income

Unemployment RateUnemployment Rate




Page 11Page 11


Labor Force 15,917 128,643 316,912Civilian,

Employed14,558 118,463 294,305

Civilian,Unemployed

1,359 10,180 22,607

Not in Labor Force 11,149 85,233 186,254Total Population Age

16+27,066 213,876 503,166


Labor ForceCivilian,EmployedCivilian,Unemployed

Not in Labor Force

59% 60% 63%

54% 55% 58%

5% 5% 4%

41% 40% 37%


Agriculture, forestry,fishing and hunting,

mining andconstruction

1,296 14,719 35,160

Manufacturing 549 4,196 10,214Wholesale & retail

trade2,164 15,787 38,342

Transportation andwarehousing, and

utilities316 4,106 12,289

Information 129 1,593 4,352Finance, insurance,

real estate andrental and leasing

412 2,408 6,354

Professional,scientific, and

technical services1,381 12,331 29,554

Educational, healthand social services

1,218 10,415 30,639

Arts, entertainment,recreation,

accommodation andfood services

6,133 42,804 99,689

Other services(except public

administration)767 7,998 20,897

PublicAdministration

193 2,106 6,815

Total EmployedCivilian Population

Age 16+14,558 118,463 294,305


Agriculture, forestry,fishing and hunting,mining andconstructionManufacturingWholesale & retailtradeTransportation andwarehousing, andutilitiesInformationFinance, insurance,real estate andrental and leasingProfessional,scientific, andtechnical servicesEducational, healthand social servicesArts, entertainment,recreation,accommodation andfood servicesOther services(except publicadministration)PublicAdministration

9% 12% 12%

4% 4% 3%

15% 13% 13%

2% 3% 4%

1% 1% 1%

3% 2% 2%

9% 10% 10%

8% 9% 10%

42% 36% 34%

5% 7% 7%

1% 2% 2%


Vacant HousingUnits

4,544 43,040 75,951

Occupied HousingUnits

14,309 104,114 240,870

Owner-Occupied

3,213 37,968 105,347

Renter-Occupied

11,096 66,146 135,523

Total Housing Units 18,853 147,154 316,821


Vacant HousingUnitsOccupied HousingUnits

Owner-OccupiedRenter-Occupied

24% 29% 24%

76% 71% 76%

17% 26% 33%

59% 45% 43%

Population Age 16+ By Employment StatusPopulation Age 16+ By Employment Status (2018 Estimate)

Employed Civilian Population Age 16+ by IndustryEmployed Civilian Population Age 16+ by Industry (2018 Estimate)

Housing Units by TenureHousing Units by Tenure (2018 Estimate)




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office or medical, with signage frontage and visibility€¦ · st, the strip, downtown, and...

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