5920 S RAINBOW BLVD Las Vegas NV 89118-4208

Introducing 5920-5940 S Rainbow Blvd, a prime opportunity for ownership in Las Vegas! This office condo offers a blend of sophistication, location, and potential for your business.​ This unit is available for immediate acquisition.​

Located in the vibrant Las Vegas SW submarket, this property sits in a thriving commercial hub near medical facilities and major roadways.​ Don't miss the chance to secure your office space at 5920-5940 S Rainbow Blvd and elevate your business to new heights with ownership.​

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%.

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.

Located just 1.5 miles off the 215 Beltway, the Property is easily accessed from almost anywhere in the city with a direct exit for Rainbow Blvd. The surrounding area is well-amenitized with an abundance of restaurant and retail space along the Rainbow Blvd corridor.

South Rainbow Business Center is currently 100% leased to seven tenants with no more than 12% of the rent roll expiring each year until 2024. The Property’s staggered lease expirations will provide smooth cash flows and allow for attractive financing for the next owner. A new owner will benefit from secure in-place cash flow from a diverse rent roll with 4.57 years of weighted average lease term in a market that continues to improve.

THE PROPERTY WILL BE SOLD VIA AUCTION THROUGH REALINSIGHT MARKETPLACE ON NOVEMBER 18-20.

• Secure In-Place Cash Flow - 100% leased to seven tenants with an average remaining lease term of 4.57 years
• Well-Staggered Lease Expirations - No more than 12% of the rent roll expiring
• Highly Amenitized Commercial Corridor - Abundant retail and restaurants along Rainbow Blvd
• Excellent Access - Located just 1.5 miles off the 215 Beltway,
• Recent Capital Upgrades - Well-maintained landscaping, parking lot, and building facade
• Unencumbered by Existing Debt - Delivered free and clear allowing a buyer to take advantage of today's low interest rate environment