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Office

Sahara Vista Professional Plaza

5440 W Sahara Ave, Las Vegas, NV 89146

Listing Price: $5,500,000

Cap Rate
5.74%
Gross SF
38,564
Rentable SF
38,564
Price/Gross SF
$142.62
Lot Size
1.88 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to exclusively present this opportunity to acquire Sahara Vista Professional Plaza, centrally located in Las Vegas, Nevada. Situated upon 1.88 acres of land and comprised of 38,564 square feet, the three-story office plaza features a variety of medical and professional tenants and has historically maintained high occupancy. Additional income streams such as building, monument and parking space rentals further enhance cash flow potential. The Las Vegas Office-Using sector is positioned for an 11.7% increase in job growth and the Las Vegas market tops rental growth forecasts nationally in the retail sector and is projected to realize the highest percentage of rental increase gains in the nation. Combine this with the building’s existing 14% vacancy as well as potential tenant roll-over, all of which lead to substantial appreciable growth in Net Operating Income upon lease-up and renewals, in addition to scheduled annual rent increases providing a hedge against inflation.

Investment Highlights

  • Excellent Visibility With 245 Feet of Frontage Along Heavily Traf?cked West Sahara Avenue
  • Poised to Benefit Significantly By Projected Top Rent Gains of Las Vegas Market
  • Office-Using Market is Amongst Leading Sectors of Job Growth Gain in Las Vegas
  • Priced Well-Below Replacement Cost at $143 Per Square Foot
  • Value-Add Potential With Existing 14%Vacancy and Below Market Rents Currently Averaging $1.03 FSG

Exclusively Listed By

Financing By

Office

Sahara Vista Professional Plaza

Listing Price: $5,500,000

Cap Rate
5.74%
Gross SF
38,564
Rentable SF
38,564
Price/Gross SF
$142.62
Lot Size
1.88 acres
Year Built
1998

Investment Highlights

  • Excellent Visibility With 245 Feet of Frontage Along Heavily Traf?cked West Sahara Avenue
  • Poised to Benefit Significantly By Projected Top Rent Gains of Las Vegas Market
  • Office-Using Market is Amongst Leading Sectors of Job Growth Gain in Las Vegas
  • Priced Well-Below Replacement Cost at $143 Per Square Foot
  • Value-Add Potential With Existing 14%Vacancy and Below Market Rents Currently Averaging $1.03 FSG

Investment Overview

Marcus & Millichap is pleased to exclusively present this opportunity to acquire Sahara Vista Professional Plaza, centrally located in Las Vegas, Nevada. Situated upon 1.88 acres of land and comprised of 38,564 square feet, the three-story office plaza features a variety of medical and professional tenants and has historically maintained high occupancy. Additional income streams such as building, monument and parking space rentals further enhance cash flow potential. The Las Vegas Office-Using sector is positioned for an 11.7% increase in job growth and the Las Vegas market tops rental growth forecasts nationally in the retail sector and is projected to realize the highest percentage of rental increase gains in the nation. Combine this with the building’s existing 14% vacancy as well as potential tenant roll-over, all of which lead to substantial appreciable growth in Net Operating Income upon lease-up and renewals, in addition to scheduled annual rent increases providing a hedge against inflation.

Exclusively Listed By

Financing By

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