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Property Information

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  • Price: $1,495,000
  • Property Size: 10,500 SF
  • Land Area: 0.93 Acres
  • $/SF: $142.38
  • Occupancy: 55%
  • Property Type: Office
  • Property Status: For Sale

Description

Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase a single story ±10,500 square foot office building. The building is 55% occupied and perfect as a value-add investment or for an owner/user. Flexible Seller currently occupies 4,148 SF and will either vacate for an owner/user or continue its lease back for an investor.

The property offers excellent exposure on Cheyenne Avenue with easy access to both the I-15 (3.2 Mi. East) and U.S. 95 (3.6 Mi. West) and directly across from the North Las Vegas Airport.

 

Highlights

  • 55% occupied with sale leaseback option
  • Flexible Seller will vacate or continue lease in current 4,148 SF they occupy
  • Ideal for Value-Add Investor or Owner/User
  • Below Replacement Cost
  • Easy Access to I-15, U.S. 95 and central Las Vegas 187 feet of frontage on Cheyenne Avenue with Excellent Visibility
  • High traffic counts of ±31,500 CPD on W. Cheyenne Avenue, W. off Simmons Street
  • Pride of ownership – well maintained
  • Cross access with adjacent properties
  • 3% annual rent increases on existing leases

Property Documents

Contact info

Michael T. Brazill
Michael T. Brazill
(702) 968-7306(516) 695-5902
Linkedin
Edward Bassford
Edward Bassford
(702) 968-7311(702) 480-8769
Linkedin

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