1120 Shadow Ln - Medical FOR SALE


Las Vegas, NV 89102- Rancho Oakey
$3,400,000 USD
702-595-8765
1120 Shadow Ln, Las Vegas, NV for Sale
$3,400,000 USD
Medical - FOR SALE
1/8
null | 6.64% Cap Rate

1120 Shadow Ln
Las Vegas, NV 89102
Rancho Oakey


HIGHLIGHTS

  • INSTITUTIONAL MEDICAL DISTRICT LOCATION: Property is positioned in core of Las Vegas Medical District directly across UMC and UNLV School of Medicine.
  • NEW 10-YEAR LEASE AT CLOSE OF ESCROW: Tenant will execute an early 10-year lease extension with the sale of the building.
  • MISSION-CRITICAL OUTPATIENT FACILITY: Location serves as CrossRoads' dedicated outpatient treatment center.
  • MARKET-LEADING, SCALED OPERATOR: With 3 facilities, 300 beds, and thousands of patients treated annually, CrossRoads is a dominant healthcare provider
  • TAX-FREE STATE: Nevada is a tax-free state.

OVERVIEW

LINK TO OM: https://logiccre.com/1031_properties/1120-shadow-ln-las-vegas/ 1120 Shadow Lane is a ±10,000 square foot medical office building situated on ±0.90 acres within the Las Vegas Medical District. Built in 2000, the Property sits just across Charleston Blvd. from the University Medical Center of Southern Nevada, a 541-bed hospital and the region's leading leaching and trauma facility. The building is 100% occupied by CrossRoads of Southern Nevada, a well-established drug and alcohol rehabilitation care provider, who will execute an early 10 year lease extension in conjunction with the sale of the building. This location serves as CrossRoads' outpatient services center, while their main inpatient operations are located at 2121 W. Charleston Blvd. This location employs about 75 employees between licensed therapists, techs, clerical, claims, and more. A daily patient flow of 200-300 participate in group and/or individual therapy. The Property benefits from its prime location within the medical district, offering strong synergy with nearby hospitals. clinics, and specialty care providers. Its proximity to UMC provides excellent accessibility and a consistent flow of medical-related traffic, making it ideally suited for healthcare and outpatient uses. With stable tenancy and a location at the core of Las Vegas' healthcare hub, 1120 Shadow Lane represents a highly desirable medical office investment opportunity. LINK TO OM: https://logiccre.com/1031_properties/1120-shadow-ln-las-vegas/

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

6.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

T4-C

APN/PARCEL ID

162-04-112-004

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.