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Off Market
1/7

375 E Warm Springs Rd
Las Vegas, NV 89119


HIGHLIGHTS

  • 375 Warm Springs is a 98% occupied multi-tenant office building being offered at a 7.0% cap rate on in-place income
  • The tenancy consists of a healthy mix of traditional office tenants ranging from government, financial services, and marketing/advertising
  • 42% of the property is leased to government tenants
  • The owner recently made several improvements to the property including renovating the lobby, painting the building, and upgrading the restrooms
  • IN PLACE NOI: $1,057,382

OVERVIEW

375 Warm Springs recently underwent a major renovation, limiting near-term capital improvements costs. The improvements included renovating the lobby, painting the building, and upgrading the restrooms. In addition to upgrading the restrooms, there is currently an above average amount of restrooms in the Property making this an appeal to the tenants. Also, 50% of the suites have been renovated/modernized. The purchase of 375 Warm Springs will give an owner the opportunity to own a stabilized office property in an established part of the Las Vegas MSA.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

375 Warm Springs

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

68353

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

308

LAND DETAILS

LAND ACRES

3.68 AC AC

LAND SF

160,301 SF

ZONING

-

APN/PARCEL ID

177-09-514-002