Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an exceptional executive suite office facility located at 3440 E Russell Road in Las Vegas, NV (“Property” or “Asset”). The building consists of +/- 7,507 SF and is situated on +/- 0.68 acre lot. This office building has 27 total suites of which 25 are currently occupied. The property provides convenient access to major roads and transportation routes making it an excellent choice for businesses seeking a strategic location in infill Las Vegas. Currently, the property is occupied by 23 tenants on month-to-month leases, offering immediate income while allowing for flexibility in future leasing strategies, or for an owner-user to immediately occupy. A clear value-add opportunity exists through minimal capital improvements, which would enhance the property’s appeal and allow for re-leasing at market rents. Currently, approximately 4,437 square feet of net private office area is leased as part of an executive office business operation. Therefore, approximately 3,070 square feet of the building area is identified as common area. The common area is shared by the existing tenants and includes two conference rooms, breakroom, restrooms, reception area, interior hallways, etc. Presently, the subject is demised or configured into approximately 27 individual suites and the property is being operated as executive suites. The executive office suites vary in individual size from approximately 122 square feet to approximately 485 square feet. The Property offers the advantage of being in a high-traffic area with over 10,000 vehicles per day driving by the Asset. Additionally, there is easy access to major highways, making it an ideal location for business visibility and customer convenience. Less than two miles from Harry Reid International Airport and less than five miles from the Las Vegas Strip ensures strong potential for both local and tourist clientele. Additionally, the location is in a growing commercial hub, with many national chain retailers including Smith’s and Walmart Supercenter and many national chain restaurants including Panera Bread and Starbucks.