Polaris Commerce Center Industrial FOR SALE


Las Vegas, NV - Chinatown
$3,545,000 USD
702-250-3392
, Las Vegas, NV for Sale
$3,545,000 USD
Industrial - FOR SALE
1/19
null | 5.5% Cap Rate

Polaris Commerce Center
Las Vegas, NV
Chinatown


HIGHLIGHTS

  • Three buildings situated upon .93 acres of land fully occupied with commercial and industrial tenants
  • Immediate proximity to Interstate 15 on Spring Mountain Road at the entrance to Chinatown
  • Located within an Opportunity Zone
  • Adjacent to the unique retail and dining experiential destination that is the Chinatown and Asian District frequented by locals and visitors alike
  • Significant daytime and nighttime traffic from both Las Vegas residents and tourists with +/- 53,500 VPD on Spring Mountain Road
  • High demand industrial and commercial submarket with limited availability - opportunity to enhance revenues with mark-to-market rents

OVERVIEW

VALUE-ADD POTENTIAL! PROPERTY SUMMARY Marcus & Millichap is pleased to present this exciting opportunity to purchase a fully occupied industrial/commercial park situated upon .93 acres of land located at 3430-3450 Polaris Avenue in the Chinatown District of Las Vegas. Opportunity exists to increase rents to market with near-term lease expirations. Each building features two 12' roll-up doors and one well dock. LOCATION AND ACCESSIBILITY The offering is centrally located in Las Vegas just west of Interstate 15 (I-15) and minutes to the Las Vegas Strip. Spring Mountain Road is a major east/west thoroughfare that is amongst the most heavily trafficked Las Vegas roadways and connects with the Strip and I-15. It has also recently been announced that the future Vegas Loop has received County approval to add a station nearby. SURROUNDING AMENITIES & ECONOMIC DRIVERS The immediate surrounding area is complemented by casino & resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas as well as the Fashion Show Mall. Las Vegas has a strong economy, a growing population, and a limited supply of available centrally located land. Additionally, Nevada offers a number of tax advantages to commercial real estate owners. ** Also see available listing for adjacent property located at 3355 Pollux Avenue: https://www.loopnet.com/Listing/3355-Pollux-Ave-Las-Vegas-NV/36517281/

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Candace BareMarcus & MillichapMore Info
702-250-3392

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Candace BareMarcus & MillichapMore Info
702-250-3392

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