702-349-6041
, Las Vegas, NV for Sale
Office - FOR SALE
1/7
null | Request Cap Rate

South Rainbow Business Park
Las Vegas, NV
Spring Valley


HIGHLIGHTS

  • STABLE CASH FLOW INVESTMENT WITH STRONG UPSIDE POTENTIAL
  • HIGH IDENTITY FRONTAGE ALONG SOUTH RAINBOW
  • STRONG MARKET MOMENTUM IN PREMIUM SUBURBAN LOCATION IN THE SOUTHWEST LV MARKET

OVERVIEW

STABLE CASH FLOW INVESTMENT WITH STRONG UPSIDE POTENTIAL * Attractive cash flow with balanced rollovers. * Since November 2019 the assets have consistently remained stabilized with limited downtime between tenants ensuring predictable cash flows. * Since August 2024 four (4) new leases and two (2) renewals have been completed. * 100% leased with diversified tenancy from a range of professional and medical users. * Compelling mark to market to boost yields. STRONG MARKET LOCATION * High identity frontage along South Rainbow with 2023 annual average daily traffic count of 51,000. * South Rainbow Business Park is strategically located: Less than one (1) mile from Spring Valley Hospital Medical Center, a 364-bed hospital | Approximately 3.4 miles from Dignity Health - St. Rose Dominican Hospital, San Martin Campus, a 147-bed hospital | Approximately 3.9 miles from Southern Hills Hospital and Medical Center, a 265-bed hospital. * Exceptional location is approximately 1 mile from CC-215 access via the Rainbow interchange and is 2.85 miles from the Russell interchange. STRONG MARKET MOMENTUM * Premium suburban location in the Southwest submarket, Las Vegas’ fastest growing submarket. The South Rainbow corridor between CC-215 and Russell has experienced significant growth. * In the last five years, within a two-mile radius of South Rainbow Business Park, retail properties have increased 11.2%, factoring in under construction properties, the increase jumps to 14.1%. Current retail vacancy is 0.6%.

ASK ABOUT THIS PROPERTY

702-349-6041

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

702-349-6041

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