702-349-6041
, Las Vegas, NV for Sale
Office - FOR SALE
1/9
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Brookhollow Eastern Plaza
Las Vegas, NV
South Las Vegas


HIGHLIGHTS

  • Stabilized Multi-Tenant Office Opportunity with Upside
  • Diversified, Low-Risk Rent Roll with Stable Cash Flow
  • Retail-Abundant Las Vegas Location with Eastern Ave. Frontage

OVERVIEW

Stabilized Multi-Tenant Office Opportunity with Upside * Projected 100% occupancy provides immediate stable cash flow with no current vacancy risk. Existing rents are ±7.15% below market, offering immediate upside potential for a new owner. * The property, given the average tenant size of ±1,380 SF, operates like an apartment complex with very little capital required for re-leasing. The average TI cost over the previous 5 years is $4.00/SF. * Exceptionally maintained low-rise office building with attractive curb appeal and diversified tenant mix of medical, legal and professional tenants. Diversified, Low-Risk Rent Roll with Stable Cash Flow * Multiple tenants have remained in the property for 5+ years. * Strong in-place cash flow with income growth. Existing rent roll offers an attractive income stream with annual increases between 3.00% - 4.00%. * Five leases were signed in the last year, reflecting strong leasing velocity at the property. Retail-Abundant Las Vegas Location with Eastern Ave. Frontage * Excellent location conveniently located less than one mile from CC-215 beltway and approximately 5 miles from Harry Reid International Airport. * 2024 average annual daily traffic counts for CC-215 at Eastern was 140,300 vehicles. * Located in an established corridor surrounded by an abundance of retail, quick-serve and sit-down restaurants, fitness, financial institutions and resort casino hotels. The properties enjoy this host of nearby amenities while residing in the less congested area north of CC-215.

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702-349-6041

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702-349-6041

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