8879 W Flamingo Rd - Office FOR SALE


Las Vegas, NV 89147- Spring Valley
$3,575,000 USD
702-349-6041
8879 W Flamingo Rd, Las Vegas, NV for Sale
$3,575,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

8879 W Flamingo Rd
Las Vegas, NV 89147
Spring Valley


HIGHLIGHTS

  • Owner-User Opportunity in the Southwest Las Vegas Submarket with In-Place Income and Building and Monument Signage
  • Unrivaled Amenity-Rich Location in Southwest Las Vegas

OVERVIEW

Owner-User Opportunity in the Southwest Las Vegas Submarket with In-Place Income and Building and Monument Signage — CORPORATE USER OPPORTUNITY | This is an ideal corporate headquarter investment that provides an attractive lease-saving trade-off. The purchase provides protection against future rental market uncertainty and rate hikes. — OWNER-USER OFFICE OFFERING | Located in the Southwest Las Vegas Submarket 8879 W. Flamingo is situated approximately 1 mile from the CC-215 which offers efficient connectivity to the Las Vegas Valley. — BELOW MARKET RENTS | Current in-place rents are 41% below market; three tenants are MTM allowing a new owner to immediately bring these spaces to market rent. The fourth tenant expires December 31, 2026; beginning January 1, 2027, a new owner can lease up these spaces at current market rates. — FLEXIBLE OWNER-USER OCCUPANCY | The property offers an owner-user to the option to immediately occupy up to ±3,230 SF (across the first and second floor). Effective January 1, 2027, the new owner will have the option to occupy the entire building. Unrivaled Amenity-Rich Location in Southwest Las Vegas — CONNECTIVITY AND CONVENIENT COMMUTE. Located approximately 1-mile to the CC-215 at the Flamingo interchange this owner user opportunity provides superior regional connectivity and convenient commute for Las Vegas, Sky Canyon, and Henderson residents. — LOW VACANCY. The Southwest Las Vegas submarket enjoys the lowest total vacancy rate at 6.4% and the second highest lease rate in Southern Nevada at $3.02 / SF / Month FSG. — PRIME LOCATION WITH EXTENSIVE AMENITIES. W. Flamingo is an established office/retail corridor with proximity to nearby amenities. Within a 3-mile radius there are 150+ restaurant options, a population of ±177,666, and an average household income of $118,832.

FOR SALE DETAILS

PRICE

$3,575,000 USD

PRICE/SF

$358 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-P, County

APN/PARCEL ID

163-20-516-011

ASK ABOUT THIS PROPERTY

702-349-6041

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702-349-6041

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