Las Vegas Retail Portfolio Retail FOR SALE


Las Vegas, NV - Paradise Valley East
$20,000,000 USD
775-800-4100
, Las Vegas, NV for Sale
$20,000,000 USD
Retail - FOR SALE
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Las Vegas Retail Portfolio
Las Vegas, NV
Paradise Valley East


HIGHLIGHTS

  • Three value-add retail opportunities in the Las Vegas area
  • Properties range from 35 - 70% vacant with below-market rents
  • Priced below replacement cost with deferred maintenance accounted for

OVERVIEW

LOGIC is pleased to present this portfolio sale of three value-add retail properties in Las Vegas, NV. Gold's Plaza is a +/- 90,732 SF anchored shopping center located in central Las Vegas southeast of downtown at the signalized intersection of E. Flamingo Rd. and S. Sandhill Rd. This value-add property sits at 35% vacancy including a +/- 11,900 SF junior-anchor opportunity with frontage along Sandhill Rd. The center has high traffic with over 48,000 CPD along Flamingo Rd. positioned between I-15 and I-11. Many tenants in place are at below-market rent with an average $1.19 PSF monthly rental rate across the property. Weighted average lease term remaining is 24 months with an opportunity to re-lease expired and upcoming expirations. Tonopah Plaza is a +/- 36,407 SF anchored shopping center located in north Las Vegas at the signalized intersection of N. Rancho Dr. and W. Cheyenne Ave. This value-add property sits at 70% vacancy including a +/- 18,670 SF junior-anchor opportunity. Lone Mountain Plaza is a +/- 61,450 SF anchored shopping center located in north Las Vegas at the signalized intersection of W. Lone Mountain Rd. and N. Decatur Blvd. This value-add property sits at 67% vacancy including a +/- 25,350 SF junior-anchor opportunity.

ASK ABOUT THIS PROPERTY

Ian CochranLogic Commercial Real EstateMore Info
775-800-4100

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Ian CochranLogic Commercial Real EstateMore Info
775-800-4100

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