3370 Palm Pky - Light Distribution FOR SALE


Las Vegas, NV 89104- Sunrise Manor
$2,995,000 USD
702-472-7731
3370 Palm Pky, Las Vegas, NV for Sale
$2,995,000 USD
Light Distribution - FOR SALE
1/33
null | 6.01% Cap Rate

3370 Palm Pky
Las Vegas, NV 89104
Sunrise Manor


HIGHLIGHTS

  • 3370 Palm Parkway is a 10,280-square-foot facility featuring 6,025 square feet of two-story office space and 4,038 square feet of warehouse space.
  • Renovated in 2025 with new interior/exterior paint, new HVAC, updated flooring, refreshed offices, upgraded lighting, and a resurfaced parking lot.
  • Fully leased to Smash My Trash, a growing franchise with 160+ locations, on a 6-year NNN lease for $180K in annual income with 4% yearly increases.
  • Situated on a 0.67-acre lot zoned “M-1” light industrial and includes a fenced and secured yard allowing for industrial outdoor storage.
  • Features four grade-level loading doors, a 16-foot clear height, and both 120/208V, 3-phase and 277/480V, 3-phase power.
  • Central Las Vegas is a top submarket for warehouses with a low 2.6% vacancy rate and a five-year average annual rent growth of 8.5% as of Q1 2025.

OVERVIEW

Secure a fully leased and renovated investment asset in one of Las Vegas’ most sought-after industrial submarkets with this acquisition opportunity at 3370 Palm Parkway. 3370 Palm Parkway is a 10,280-square-foot freestanding building comprising 6,025 square feet of two-story office space and 4,038 square feet of warehouse space. The property underwent a comprehensive remodel in 2025, upgrading interior and exterior paint, implementing new HVAC units, updating the flooring, refreshing office finishes, adding new lighting, and resurfacing the parking lot. 3370 Palm Parkway is zoned “M-1” light industrial and is situated on approximately 0.67 acres with a fenced and secured yard for outdoor storage. The warehouse features four grade-level doors, a 16-foot clear height, and both 120/208V, 3-phase and 277/480V, 3-phase power. Smash My Trash signed a six-year Triple Net (NNN) lease here in 2025, offering a stable and reliable income stream for investors with minimal landlord responsibilities. The lease brings in an annual income of $180,000 with 4% annual increases. Smash My Trash is a rapidly growing national franchise specializing in innovative waste management solutions for businesses. With over 160 independently owned locations across 41 states, the company provides on-site waste compaction services that significantly reduce dumpster volume, lower hauling costs, and improve sustainability efforts for its clients. This is an excellent opportunity to secure an industrial asset in the high-performing Central Las Vegas industrial submarket. Due to the concentration of builds, there is minimal room for new construction, and the vacancy rate as of Q1 2025 was a tight 2.6%, compared to the overall Las Vegas market at 10.2%. It historically outperforms the broader market in rent growth too, as the trailing five-year average rent growth is 8.5% and 7.5% for the 10-year average. Over 2024, about 460,000 square feet of industrial inventory traded, and no new industrial properties were built, underpinning the significance of acquiring industrial assets here. 3370 Palm Parkway’s convenient access to Interstate 15 and proximity to the Harry Reid International Airport further reinforce its value and long-term appreciation outlook. Enquire now to learn more.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.67

LAND SF

29,185

ZONING

M1, County

APN/PARCEL ID

162-01-703-018

ASK ABOUT THIS PROPERTY

Erik SextonNAI VegasMore Info
702-472-7731

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Erik SextonNAI VegasMore Info
702-472-7731

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