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$2,750,000 – Rainbow Quail Plaza

Las Vegas, NV

$2,975,000

5765 S. Rainbow Boulevard
Las Vegas, NV

CAP RATE: 7.00%

SF: 16,668

TYPE: Office

STATUS: Available

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Property Highlights

  • Stable Cash Flows – Maintained average occupancy level over 90% for the last 5 years
  • Upside with Below Market Rents – Current rents over 15% below market
  • Retail Repurpose – Further upside in rents achievable by retenanting to retail usesDense Growing Residential Area – Population of over 130,800 residents within a 3-mile radius and projected to grow by 7%+ over the next 5 years
  • Strong Traffic Counts – over 47,521 cars per day
  • Valleywide Access – 1.1 miles to I-215 Beltway via the Rainbow Boulevard interchange
  • Excellent Condition – Seller painted the building & resurfaced the parking lot in 2016

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. is pleased to offer an exceptional opportunity to purchase Rainbow Quail Plaza, a single story office/ retail building located at 5765 S. Rainbow Boulevard in Las Vegas, Nevada. The site offers exposure on Rainbow Boulevard with convenient access to the I-215 Beltway.