Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase ±2.33 AC of fully entitled land in East Las Vegas. The property is located in the Sunrise Manor area, just east of North Lamb Blvd. This is a rare opportunity to acquire raw land with entitlements for the development of a ±51,237 SF gross buildable and +/- 49,774 SF net rentable feet self-storage facility. The proposed facility has approved plans for three storage buildings and a +/- 701 SF common area for an office. The subject property is located one block from the Prologis Sunrise Industrial Park and the Carey Industrial Park. The property has excellent visibility with 166 feet of frontage on E. Carey Ave. with traffic counts of over 9,000 cars per day. The current 3-mile population density of over 200,000 is expected to increase by 7% over the next 5 years and the area has seen a surge in land acquisition with over 20 sales of raw land within an immediate 2-mile radius trading within the past year. Nearby points-of-interest include Nellis Air Force Base, Las Vegas Motor Speedway, Apex OHV Recreational Area and Nellis Dunes.