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20811821
20811822

6175 W Sunset Rd, Las Vegas, NV 89118

MH
NV NV S.51609.LLC
CBRE - Las Vegas
AD
CA 01706686
CBRE - Orange County
BJ
CA 02018612
CBRE - Orange County
NW
CA 02081572
CBRE - Orange County
Listed by CBRE - Las Vegas, CBRE - Orange County
$11,500,000
560 days on market
Updated 57 days ago

6175 West Sunset Road

Details
APN 176-02-511-010
Property Type Office
Sub Type Traditional Office
Square Footage 23,721
Cap Rate 5.55%
NOI $637,896
Occupancy 100%
Tenancy Multi
Price per SqFt $485
Year Built 2020
Buildings 1
Stories 2
Acreage 2.240
Zoning CG (General Commercial)
Parking Spaces 186 spaces
Parking Per SqFt 7.84

Class A, Two-Tenant Net Lease Office Investment - Prime Southwest Location | Las Vegas

Marketing description

EXCELLENT SOUTHWEST SUBMARKET LOCATION

  • Located in the Southwest submarket, which is arguably the best performing office submarket with just ±8.7% vacancy as of Q224.

  • Centrally located between Henderson and Summerlin.

  • Immediate freeway access at Jones Blvd and I-215 interchange.

  • Less than 3 miles from I-15 interchange.

  • Surrounded by properties owned and operated by Ultimate Fighting Championship (UFC) which is the largest Mixed Martial Arts promotion in the world. The properties include UFC HQ and UFC Apex, a facility for production for host studio shows and live events.

Investment highlights

HIGH TENANT QUALITY

  • Golden Entertainment, Inc. (NASDAQ: GDEN) and its wholly-owned subsidiaries own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on casino and branded tavern operations. The Company’s portfolio includes eight casino properties located in Nevada, as well as 71 branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area.

  • Hawaiian Pacific University (HPU): Founded in 1965, Hawaiian Pacific University is a private university with existing campuses in Hawaii and their new Las Vegas campus. With Las Vegas considered as the “9th Island” due to its large Hawaiian population, Southern Nevada was a logical location for their first expansion beyond Hawaii. The new Las Vegas campus will offer HPU’s new innovative Doctor of Occupational Therapy (OTD) and Doctor of Physical Therapy (DPT) programs.

NEW BUILDING QUALITY AND WALKABLE AMENITIES

  • Built in 2020, the property has been professional maintained minimizing any potential deferred maintenance.

  • Walkable amenities include Sambalatte, Sierra Gold Tavern, Tropical Smoothie Café and Omakase Kyara Sake Bar and short drive to Town Square, UnCommons, The Arroyo Market Square and the new Durango Station Casino & Resort.

Listing Contacts

MH
NV NV S.51609.LLC
CBRE - Las Vegas
AD
CA 01706686
CBRE - Orange County
BJ
CA 02018612
CBRE - Orange County
NW
CA 02081572
CBRE - Orange County
Listed by CBRE - Las Vegas, CBRE - Orange County

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$637,896.00
$53,158.00/mo

Valuation Metrics

0
DSCR
5.55%
Cap Rate
5.55%
ROI

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Additional Information

Name
Michael Hsu
License
NV S.51609.LLC
Brokerage Address
8548 Rozita Lee Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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