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4285 N Rancho Drive - Northbrooke Business Park - Building 5, Las Vegas, NV

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4285 N Rancho Drive - Northbrooke Business Park - Building 5

Las Vegas, NV 89130-3446 - Northwest Las Vegas Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:2005
Stories:1 Typical Floor:24,658 SF Building Size:24,658 SF
Smallest Space:2,930 SF Largest Space:2,930 SF Total Space Avail:2,930 SF Rent/SF/Yr:
$1.00
Parking:Free Surface spaces are available; Ratio of 3/1,000 SF Amenities:Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,930 SF
$1.00/SF/Yr
Vacant
Negotiable
Office
 
9439565
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,930 SF
$1.00/SF/Yr
Vacant
Negotiable
Office
This newly designed building is located in the upscale Northbrooke business park. The property is located on Rancho just south of Craig. There are seven single story buildings within the park. Excellent location with access to US 95 via Craig Road.

Sale Notes:
This is a great investment opportunity!!! 88% occupied, (only a 2930SF unit available) yet still offers plenty of upsides!!! The CAP rate is 7.43 and the current rents range from only $.80 to $1.16 so there are plenty of upsides as office market rents continue to rebound. Current leases have fixed annual increases ranging from 5% to over 6%!! Perfect investment for those looking for a stable, quality property and plenty of future value built-in! Original Purchase price was over $267PSF!
Northbrooke Business Park is a beautiful 7 building Office/Retail development located on Rancho just south of Craig Rd in the Northwest area of the Las Vegas Valley. This project features a beautiful landscaped island with waterfalls at the core and stunning landscaping throughout. Easy access to I-95 and the 215 Beltway.


Sun Commercial Real Estate
Timothy Behrendt
(702) 596-1165

Lisa Hauger
(702) 683-1801



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