950 Grier Dr - Loft/Creative Space FOR SALE


Las Vegas, NV 89119- South Las Vegas
$8,058,600 USD
702-595-8765
950 Grier Dr, Las Vegas, NV for Sale
$8,058,600 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 BUILDING OR CONDO OPTIONS: Property is currently being utilized by a single tenant, but can be easily converted into two condo units.
  • 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/%c2%b1-26960-sf-single-story-office-industrial-flex-building-owner-user-investment-opportunity/ 950 Grier is a single story office/industrial flex building, totaling approximately ±26,862 SF on ±1.34 acres. The building was constructed in 1989 and is located within the Hughes Airport Center master-planned business park adjacent to Harry Reid International Airport. Additionally, the Property has excellent access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing an easy commute to the greater Las Vegas metropolitan area. This building is leased through August 31, 2026 to Cirque Du Soleil (S&P: B+) with possible early occupancy for an owner-user. This Property can also be subdivided into two condos for multiple owner-user opportunities. LINK TO OM: https://logiccre.com/1031_properties/%c2%b1-26960-sf-single-story-office-industrial-flex-building-owner-user-investment-opportunity/

FOR SALE DETAILS

PRICE

$8,058,600 USD

PRICE/SF

$299 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

100

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 Policy.