5995 Edmond St - Office FOR SALE


Las Vegas, NV 89118- Spring Valley
$2,955,600 USD
702-325-9673
5995 Edmond St, Las Vegas, NV for Sale
$2,955,600 USD
Office - FOR SALE
1/20
null | 6.78% Cap Rate

5995 Edmond St
Las Vegas, NV 89118
Spring Valley


HIGHLIGHTS

  • Strong Occupancy History
  • Built-In Rent Growth
  • Standalone Office/Lab Facility
  • Modern Infrastructure & Turnkey Condition
  • Prime Southwest Las Vegas Location

OVERVIEW

5995 S Edmond St presents a rare opportunity to acquire a ±7,389 SF standalone flex office and laboratory building in the highly desirable Southwest Las Vegas submarket. Constructed in 2006 and located within Oquendo Office Park, the property is 100% leased to Angle Engineering, a long-term tenant that has continuously occupied the building since 2007, demonstrating operational stability and minimal turnover risk. The investment features an absolute NNN lease structure, providing passive ownership with no landlord responsibilities. The lease includes 5% annual rent escalations, delivering consistent above-market income growth and a pro forma NOI of $200,527, resulting in a 6.78% cap rate at the asking price of $2,955,600. Designed to support office, engineering, and laboratory users, the building offers modern infrastructure including high electrical capacity, robust data capabilities, and a well-maintained, turnkey interior. The property also features a strong parking ratio of 7.50:1,000 with six covered spaces, enhancing convenience for employees and visitors. Strategically located with excellent access to major freeways and the broader Las Vegas valley, the property benefits from strong surrounding amenities and continued growth in the Southwest submarket, making it an ideal acquisition for investors seeking stable cash flow with built-in rent growth.

FOR SALE DETAILS

PRICE

$2,955,600 USD

PRICE/SF

$400 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oquendo Business Park

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-P

APN/PARCEL ID

163-36-611-001,163-36-611-002,163-36-611-003,163-36-611-004,163-36-611-005,163-36-611-006

ASK ABOUT THIS PROPERTY

Ofir BarashyBarashy Group LLCMore Info
702-325-9673

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Ofir BarashyBarashy Group LLCMore Info
702-325-9673

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