Pageantry West Office FOR SALE


Las Vegas, NV - Spring Valley
$33,110,000 USD
702-715-0809
, Las Vegas, NV for Sale
$33,110,000 USD
Office - FOR SALE
1/7
null | 7.5% Cap Rate

Pageantry West
Las Vegas, NV
Spring Valley


HIGHLIGHTS

  • 100% Leased Office Building.
  • Ownership has invested more than $500,000 into building renovations.
  • The Southwest submarket is well-positioned to meet the growing demand from renters as they assess their real estate requirements.

OVERVIEW

8925-8945 W. Russell Rd. is situated a block away from the I-215 Beltway and centrally located between the prestigious master planned communities of Summerlin and Green Valley, a prime location favored by executives. Stabilized Rent Roll with Significant Upside in Rents: Pageantry West features a stabilized rent roll with 80% of the GLA below market rents. The WALT of 3.21 years allows for future ownership to capitalize on higher rents as tenant leases roll, furthering their return on investment. Capital Investment: Since 2022, ownership has invested over $500,000 into building renovations, including updates to the common areas, parking lot slurry, and landscaping. The roof has a transferable warranty that expires in 7 years. Located in the Center of Demand: The Southwest submarket continues to be the center of growth for homes, business and restaurants. With Durango Casino set to expand 1 year after opening and movie studios looking to open, the growth trend continues.

ASK ABOUT THIS PROPERTY

James GriffisAvison YoungMore Info
702-715-0809

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James GriffisAvison YoungMore Info
702-715-0809

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