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100% Leased Nnn Investment In 89148 5576 South Fort Apache Road, Las Vegas, NV 89148
Business Park
Medical Office
Property Description
Super Solid Cash flow since it was built in 2006, this single-story, direct-entry, three suite office building is a stable, solid investment, in a fantastic location. 89148 in the Las Vegas Valley, is the well known; hottest Office Market we have. The area has seen incredible population growth in the master-planned communities surrounding the property. Many aerial maps still show vacant land in the surrounding area, which no longer exists. Development has out-paced over-flights! We have 2 corporate Tenants, Edward Jones, and Stearns Lending(Just merged with Guaranteed Rate Mortgage), as well as Medical Excellence which has been in the property for over 5 years, and completed a renewal through 2026. Easy to self manage, or use a property manager while passing the cost to the Tenants through the existing NNN Leases. For detailed cash flow including actual and proforma, and a CCIM DCF Analysis we ask for a NDA to be executed for release. -Wes Drown, CCIM
Area Description
The SW Curve in the Las Vegas Valley is arguably the most sought after area for business owners. the population growth with Summerlin, Mountains Edge, and non-masterplanned subdivisions is incredible. Demands for goods and services, are the highest in the las Vegas Valley in 89148. Freeway On-ramp access from Diablo, will always make this a fully leased property. Southern Hills Hospital expansion, South Summerlin expansion, will continue to drive the SW Curve for years to come.
Highlights
- 100% Leased Stable Investment.
- Location cant be beat
- 2 corporate Tenants and one MD who has been here a long time.
- Built in escalations
- FMV Options if exercised havbe huge rent increase potential from current rates.
Full Address: 5576 South Fort Apache Road, Las Vegas, NV 89148
Listing Type: FOR SALE
Status: Sold
Occupancy Rate: 100
Building Class: B
Zoning: Professional
Region: W-WM
County: Clark County
Closest Cross Streets: Fort Apache and Russell
Use Type: Office
Property ID: 855553
Building Sf: 4600
Parcel Num: 163-29-410-022
Number Buildings: 23
Year Built: 2006
Year Renovation: 2020
Free Standing: Yes
Cap Rate: 4.38
Tenancy Type: Multi-Tenant
1: Edward Jones Occupied: 1080 SF Lease Expiration:
2: Stearns Lending-Guaranteed Rate Mortgage Occupied: 1811 SF Lease Expiration:
3: Medical Excellence Occupied: 1709 SF Lease Expiration: