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$3,300,000 – 7312 & 7324 W. Cheyenne Avenue

Las Vegas, NV

Undisclosed

7312 & 7324 W. Cheyenne Avenue
Las Vegas, NV

CAP RATE: n/a

SF: 25,806

TYPE: Office

STATUS: Available

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Property Highlights

  • Value-Add Office Opportunity – Current occupancy of 85% and all vacancies in 2nd generation condition
  • Long term Stable Tenant Base – Close to 50% of the existing tenancy has occupied the buildings for more than 5 years providing stability of current income
  • Growing Medical Corridor – DaVita completing their development directly behind and adjacent the subject property in 2015 and Mountain View Hospital (0.3 miles from the subject property) is performing a $90 million campus expansion which includes 64 additional hospital beds, a Level III NICU, and an expansion of the Emergency Department services
  • Newly Expanded Prominent Signage – Monument signage expanded in 2015 and is exposed to a daily traffic count on Cheyenne Avenue over 46,000 cars per day
  • Prime Access – Located 0.4 miles from the U.S. 95 providing quick access to the entire Las Vegas valley
  • Nearby Retail Amenities – Located near a strong variety of retail options for tenants to enjoy including, the 200K SF Cheyenne Commons shopping center, El Pollo Loco, Sonic, Target, Starbucks, and Subway

Contact an agent:

Cathy Jones
CEO Investment Services Group
Office: (702) 968-7320
Mobile: (702) 595-8765
CathyJ@suncommercialre.com

Roy Fritz
Senior Vice President Investment Services Group
Office: (702) 968-7322
Mobile: (702) 482-9675
RoyF@suncommercialre.com

Jessica Cegavske
Vice President Investment Services Group
Office: (702) 968-7321
Mobile: (702) 326-1590
JessicaC@suncommercialre.com

The Offering

Sun Commercial Real Estate Inc. has been retained on an exclusive basis for the sale of a two building single story office / medical office complex located in the Northwest Las Vegas Submarket, just off of the U.S. 95 at W. Cheyenne Avenue. The buildings contain a total of ±25,806 SF situated on 2.31 acres offering 342 feet of frontage along Cheyenne Avenue. Less than 0.3 miles southeast of the Property there is a prominent medical corridor anchored by Mountain View Hospital, a state-of-the-art, full-service medical facility and United Healthcare’s Las Vegas Campus. The property is currently 85% occupied.