Owner/User Industrial Flex Building w/Income
52,676 SF | 67% Leased | Flex Building | Las Vegas, NV 89119 | $13,950,000 ($265/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $13,950,000
- Property Type
-
Industrial
- Price / Square Foot
- $265
Listing Contacts
Geoffrey West
Verified Profile
- Property Info
Property Overview
Location in Hughes Airport Center south of Airport within high-image 420-acre, 3.3 million SF business park easily accessible to LAS Airport, I-215/I-15 freeways, the Strip/Resort Corridor, and all major convention facilities
High-image +52,676 SF office/warehouse building consisting of 4 units, two of which are leased generating $31,677/month in tenant income (including NNN reimbursements) with WALT of 1.8y remaining and extension options of 3y/5y at 95% of FMV. New roof in 2023.
Existing vacancy is a former telco switch and configured with 1200 amps, over 180 tons of HVAC, 1000kW backup generator, secure interior dock loading, adequate office and training area and when combined with upcoming vacancy (1/31/25) provides a combined +27,695sf space with 4 oversized grade level loading doors (including 2 interior loading docks – 1 temp filled)
This rare acquisition opportunity within Hughes Airport Center provides an owner/user with additional income to offset occupancy cost, provides additional upside, and potential for future expansion while qualifying for low-cost SBA financing which reduces occupancy cost by almost 40% over leased space
High-image +52,676 SF office/warehouse building consisting of 4 units, two of which are leased generating $31,677/month in tenant income (including NNN reimbursements) with WALT of 1.8y remaining and extension options of 3y/5y at 95% of FMV. New roof in 2023.
Existing vacancy is a former telco switch and configured with 1200 amps, over 180 tons of HVAC, 1000kW backup generator, secure interior dock loading, adequate office and training area and when combined with upcoming vacancy (1/31/25) provides a combined +27,695sf space with 4 oversized grade level loading doors (including 2 interior loading docks – 1 temp filled)
This rare acquisition opportunity within Hughes Airport Center provides an owner/user with additional income to offset occupancy cost, provides additional upside, and potential for future expansion while qualifying for low-cost SBA financing which reduces occupancy cost by almost 40% over leased space
Property Details
- Class
- B
- Year Built
- 1986
- Stories
- 1
- Property Subtype
- Flex, Distribution, Manufacturing, Warehouse, Telecom Hotel/Data Hosting
- Lot Size (sq. ft)
- 146,362 SF
Highlights
- STRATEGIC AIRPORT SUBMARKET LOCATION
- OWNER/USER PROPERTY WITH INCOME
- SPECIALIZED BUILDOUT AND EQUIPMENT
- RARE HUGHES AIRPORT CENTER ACQUISITION OPPORUTNITY
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