Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to offer for auction, 1100 E Bridger Avenue (Office Buildings) and 200-213 S 11th Street (Off-Site Secured Parking) (the “Property”), an attractive owner-user or investment opportunity located in historic downtown Las Vegas. The Property sits at the corner of East Bridger and S 11th Street consisting of two adjacent office buildings: a three-story building totaling 21,900 square feet and another two-story building totaling 14,000 SF building. Both buildings sit on a 0.63-acre parcel zoned Professional Office (P-R). Also being offered in this auction are three parcels less than a block away on S 11th Street totaling 0.58 acres that are currently being utilized as off-site parking for the office buildings (±66 secured spaces). Located at 200-213 S 11th Street, the off-site secured parking is currently zoned R-4, multiple-family residential district. The R-4, Multiple Family Residential District is established for the development of high-density residential use, including apartments and allows for up to 25 units per gross acre. Per CoStar, the downtown Las Vegas submarket office vacancy rate is 8.3%. Average submarket office rental rates are around $25.80/square foot gross, with year over year rent growth of 7.1%. With a growing population of over 207,000 residents within a three-mile radius, this Property presents an excellent long-term investment. The Property is located in the heart of downtown Las Vegas and is close to both the Clark County and Federal Courthouses; the US Court of Appeals, and the US District Court of Nevada. The Investment also benefits from an abundance of surrounding amenities with lots of restaurants/bars, the DTLV Event Center featuring concerts/music festivals, and the Fremont Street Experience, an incredible entertainment and gaming destination in the heart of the Entertainment Capital of the World, Las Vegas.