Sahara Financial Center
Office Campus | 228,590 SF
Marketing description
Cushman & Wakefield US, Inc. is pleased to present for acquisition, five (5) buildings located within Sahara Financial Center; 3300, 3320, 3340, 3360, & 3380 West Sahara Avenue. The entire campus consists of ±228,590 square feet between two (2) single-story buildings, and three (3) multi-story buildings. The ±9.42-acre site is split between two parcels which includes generous amounts of parking between surface level stalls and a three-story parking structure.
The property fronts the bustling West Sahara Avenue. where traffic counts are in excess of 51,000 vehicles per day. Occupiers can experience high visibility and easy access for employees and customers. The proximity to Interstate-15, the major north-south freeway, ensures smooth and easy commutes, making it an ideal choice for businesses to enhance their operational efficiency. The property is also nestled amidst a plethora of retail and lifestyle amenities including shopping centers, eateries, fitness centers, grocery stores, financial institutions, and convenient access to the Las Vegas Strip and Resort Corridor.
The property is currently managed by on-site management and includes two major tenants which are the State of Nevada’s, Department of Business and Industry and Department of Administration, Public Works. In addition, there are two short-term tenants occupying ±2,332 square feet bringing occupancy to 31%. Tenancy exists in two buildings leaving three full buildings vacant and available for immediate occupancy.
Investment highlights
CREDIT TENANCY with the State of Nevada being the sole tenant at the property with an AA+ rating on Fitch, Outlook Stable and Aa1 on Moody’s.
VALUE ADD OPPORTUNITY with upside in the releasing of vacant spaces in a market trending toward larger users and diminishing opportunities to locate space.
WELL BELOW REPLACEMENT COST with new construction costs ranging from $400SF and up! Sahara Financial Center represents a fantastic opportunity for an investor to enjoy immediate cash flow and target larger users seeking self-contained buildings with central access to the market.
EXCELLENT SIGNAGE OPPORTUNITIES with building signage available as well as future pylon and monument signage which is attractive to occupiers as well as a potential to increase revenue.
RECENT CAPITAL EXPENDITURES of more than $4.75 million spent within the past four years including four boiler replacements, two chiller replacements and two outdoor ground-mounted cooling tower replacements Centrally located less than 3/4 miles from I-15 and less than ten minutes to: Las Vegas Strip, Downtown Las Vegas where the court systems are located and the Spaghetti Bowl where I-15 and US-95 connect! Harry Reid International Airport is a 20 minute drive away.
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