Vacant-User
4047 Ponderosa Way
4047 Ponderosa Way, Las Vegas, NV 89118
Listing Price: $3,050,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an exceptional industrial outdoor storage site located at 4047 Ponderosa Way in Las Vegas, Nevada (“Property” or “Asset”). The Asset consists of a +/- 9,338 SF office, situated on +/- 1.49 acre. The office building is wood framed single-story, and the entire lot is fully fenced and secured. The property offers ample space for a variety of industrial and storage uses, with easy access to major roads and transportation routes, making it an ideal location for businesses in need of storage and operational flexibility.
The Asset is currently owned and operated by LV All in Shuttle, which specializes in all-encompassing shuttle service, but who will be vacating at the time of sale. The secured outdoor storage yard is currently utilized as parking for the fleet of shuttles and the office building for administrative work and as a break room area for employees. This opportunity provides a future investor with a wide array of business plans given the Asset’s versatility and Industrial Light zoning which accommodates low- and moderate-intensity industrial and manufacturing activities, and indoor/outdoor storage uses with supporting office spaces. Permitted uses below:
- Auctions
- Brewery or Distillery
- Equipment Rental Sale and Service
- Food Processing
- Light Manufacturing or Artisan
- Mini-Warehouse and/ or self-storage
- Outdoor Storage
- Parking Lot
- Plant Nursery
- Tour Guide or Transportation Service
- Warehouse and Distribution
- Wholesale
In addition to the capabilities and potential within the +/- 9,338 SF office, there is significant value in the +/-1.49-acre IOS yard and the buildings limited lot coverage of 14%. Over the last 20+ years, the supply of land zoned for industrial outdoor storage uses has generally decreased in infill locations due to up zoning to higher and better uses or jurisdictions seeking to distance the property type from residential areas. Since 2019, industrial outdoor storage rents have increased by over 30%, and the vacancy rate for IOS properties has declined to as low as 3% over the past two years.
4047 Ponderosa Way
Investment Highlights
- Versatile asset with ample future uses due to it's flexible in-place Industrial Light (IL) zoning.
- Irreplaceable infill location with the asset being strategically located 0.75 miles west of th I-15, the north/south arterial serving Las Vegas
- The asset is located in the desirable Southwest Industrial Submarket, which is the metro's second-largest submarket after North Las Vegas, with more than 37 million SF of industrial space.
Listing Price: $3,050,000
Investment Highlights
- Versatile asset with ample future uses due to it's flexible in-place Industrial Light (IL) zoning.
- Irreplaceable infill location with the asset being strategically located 0.75 miles west of th I-15, the north/south arterial serving Las Vegas
- The asset is located in the desirable Southwest Industrial Submarket, which is the metro's second-largest submarket after North Las Vegas, with more than 37 million SF of industrial space.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an exceptional industrial outdoor storage site located at 4047 Ponderosa Way in Las Vegas, Nevada (“Property” or “Asset”). The Asset consists of a +/- 9,338 SF office, situated on +/- 1.49 acre. The office building is wood framed single-story, and the entire lot is fully fenced and secured. The property offers ample space for a variety of industrial and storage uses, with easy access to major roads and transportation routes, making it an ideal location for businesses in need of storage and operational flexibility. The Asset is currently owned and operated by LV All in Shuttle, which specializes in all-encompassing shuttle service, but who will be vacating at the time of sale. The secured outdoor storage yard is currently utilized as parking for the fleet of shuttles and the office building for administrative work and as a break room area for employees. This opportunity provides a future investor with a wide array of business plans given the Asset’s versatility and Industrial Light zoning which accommodates low- and moderate-intensity industrial and manufacturing activities, and indoor/outdoor storage uses with supporting office spaces. Permitted uses below: - Auctions - Brewery or Distillery - Equipment Rental Sale and Service - Food Processing - Light Manufacturing or Artisan - Mini-Warehouse and/ or self-storage - Outdoor Storage - Parking Lot - Plant Nursery - Tour Guide or Transportation Service - Warehouse and Distribution - Wholesale In addition to the capabilities and potential within the +/- 9,338 SF office, there is significant value in the +/-1.49-acre IOS yard and the buildings limited lot coverage of 14%. Over the last 20+ years, the supply of land zoned for industrial outdoor storage uses has generally decreased in infill locations due to up zoning to higher and better uses or jurisdictions seeking to distance the property type from residential areas. Since 2019, industrial outdoor storage rents have increased by over 30%, and the vacancy rate for IOS properties has declined to as low as 3% over the past two years.
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