950 Grier Dr - Loft/Creative Space FOR SALE


Las Vegas, NV 89119- South Las Vegas
$7,350,000 USD
702-595-8765
950 Grier Dr, Las Vegas, NV for Sale
$7,350,000 USD
Loft/Creative Space - FOR SALE
1/8
null | Request Cap Rate

950 Grier Dr
Las Vegas, NV 89119
South Las Vegas


HIGHLIGHTS

  • PRIME LOCATION: Subject Property is located adjacent to Harry Reid Intl Airport with easy access to I-15, I-215, and the Airport Connector.
  • FULL OR PARTIAL BUILDING OPTIONS: The building is available as a full building or condo acquisition opportunity.
  • OPPORTUNITY ZONE: 950 Grier is located within an Opportunity Zone, offering several monetary benefits due to tax incentives.
  • INCOME TAX FREE STATE: Nevada has no state income tax.
  • CAPEX INVESTMENT: $100,000+ has been invested in landscaping renovations & an additional $25,000 has been invested in repainting the building exterior

OVERVIEW

LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr/ 950 Grier is a single-story flex office building totaling approximately ±26,862 SF situated on ±1.34 acres within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. Cirque du Soleil currently occupied ±49% (±12,987 SF) of the building. The remaining 51% (±13,875 SF) on the west end of the building includes a 1,585 SF warehouse, and is available for use by an owner-user of the building or for lease. The Property offers excellent access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing convenient connectivity throughout the greater Las Vegas metropolitan area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location. This offering represents the opportunity to acquire the entire building. Ownership is currently in the process of demising the property into two condominium units, and the occupied and vacant suites are also being marketed separately, providing flexibility for buyers seeking either a full building acquisition or a more tailored condo opportunity. LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr/

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

IL, Clark County

APN/PARCEL ID

177-03-510-005

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.