Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Spring Oaks Business Center. This prime commercial property, located at 3855 South Valley View Boulevard, boasts a spacious building spanning ± 42,067 square feet on a generous plot of ± 2.33 acres in the Spring Oaks Business Center. Originally constructed in 1979, the property underwent a full renovation in 2023, ensuring modern functionality and aesthetic appeal. With a comfortable clear height of 14-16 feet and equipped with 100A, 120/240V single-phase panels in each unit, this property offers versatility and convenience for various business operations. Strategically positioned, the property enjoys exceptional visibility, boasting ± 170 linear feet of frontage on South Valley View. A testament to its potential, approximately 25,700 vehicles travel Valley View daily, making it a high-traffic area ripe with opportunity. Situated near the bustling China Town District and within a highly coveted automotive area, the property benefits from its proximity to amenities and commercial hubs. Accessibility is another key advantage, with convenient access to major transportation arteries such as I-15 and Desert Inn arterial, as well as being just 2.2 miles away from Las Vegas Blvd. Zoned as Industrial Light (CC) with a MUD-1 overlay and Entertainment Mixed-Use District (EM), this property represents the most intensive land use type under Clark County’s General Plan, offering a variety of extensive development possibilities. Beyond its existing features, the property presents additional income opportunities, including the potential for parking space rental and leasing space on the monument sign. Moreover, its redevelopment potential for a resort, casino, or multifamily development adds potential to add further value. In the context of the industrial asset class, this property stands out as a promising investment opportunity. Small-bay warehouses, like this one, are in high demand, serving as facilitators for local distribution networks and solutions for supply chain disruptions. With historically low availability, development, and time on the market, industrial assets offer resilience against economic downturns. Coupled with diverse tenant profiles and low weighted average lease terms, they provide stability and protection. As demand continues to grow from onshore manufacturing and advancements in technology, coupled with a constrained supply chain, small-bay industrial assets are positioned for robust growth well into 2024 and beyond.