Investment Overview

This surgical center and medical of?ce building also provides incredible value-add potential with three ?oors of vacant space in a deferred maintenance condition. Located just blocks from the Las Vegas Strip and one block west of Maryland Parkway, the Sahara location serves a very dense population exceeding 182,481 residents in the surrounding 3-mile radius with an average household income of $51,180. The entire ?rst ?oor features a successful medical practice including multi-doctrine uses, including a Class B surgical center with one operating room, anesthesia and pain management equipment, an in-house radiology center including an open-sided MRI, CT, x-ray and ultrasound, and primary care patient rooms. The second through fourth stories are vacant. The elevator is not currently in working condition. Built in 1984 and situated upon .5 acres of land, this roughly ±34,736 square foot building also features an additional ±29,072 square feet in an above-ground, gate-secured, 3-story parking facility. A digital signboard is located at the front of the building on East Sahara. Although currently in need of maintenance, it is functional to some degree and provides additional visibility to the 50,000 vehicles per day who travel this busy corridor. Current ownership utilizes the ?rst ?oor while operating the Las Vegas Pain Institute, but in an effort to downsize its existing portfolio of businesses would like to sell the entire building and plans to cease business activity at this location once sold. Potential options include a sale of this and other buildings within the portfolio to an investor or to an owner/occupier, which would include opportunity for a consortium of physicians to essentially begin practicing across the valley immediately.