1785 E Sahara Ave
Office | 76,832 SqFt
Marketing description
Cushman & Wakefield US, Inc. is pleased to present for acquisition two, two-story garden office buildings located at 1785 E. Sahara Avenue in Las Vegas, Nevada.
In total, the Property consists of ±76,832 square feet situated on one large rectangular parcel totaling ±5.04 acres. This investment features increased security via keycard access, increased efficiency and reduced costs with shared restrooms, and a beautiful open-air atrium in the center of each building offering sunlight and fresh air to tenants, clients, and customers.
The Property features a newly constructed pylon sign with excellent visibility along E. Sahara Avenue, a major east-west thoroughfare spanning the Las Vegas valley. Furthermore, the position of the Property between S. Maryland Parkway and S. Eastern Avenue provides phenomenal exposure placing this investment on a highly traveled road with more than 50,000 vehicles per day (“VPD”)!
Three points of ingress/egress along E. Sahara Avenue with ample parking. The Property can be accessed while traveling either direction on E. Sahara by way of a dedicated left turn lane while heading west. With convenience and accessibility at the top of consumer and client’s needs and wants, 1785 Office Center excels.
Currently, the Property is 25% leased to 16 tenants with suites ranging in size from 351 SF to 3,910 SF. Thirteen suites are vacant totaling 27,195 SF.
Recent Capital Improvements:
Both Buildings Exteriors were painted
Both Buildings were Re-Roofed with warranty in-place
Parking Lot was Slurried and Striped
Pylon Signage Upgraded with New Panels Installed
Investment highlights
Rare opportunity to acquire owner/user office buildings with income in place and to occupy one entire building (±38,606 SF - Building One) with a path to expansion into Building Two (±38,226 SF) as tenants roll.
Less than two miles from the Sunrise Hospital and Sunrise Children’s Hospital campuses, the dominant hospital campus leading Southern Nevada with 65% more discharges over its nearest competitor. The demand for off campus medical space continues to remain strong by medical practitioners seeking close proximity to the campuses.
Dense, infill location within minutes to US-95 and I-15, the Las Vegas Strip, Downtown Las Vegas, North Las Vegas, Nellis Air Force Base and Harry Reid International Airport.
Two-story garden office style buildings featuring second generation build-outs require minimal improvements for occupancy. The property has common area restrooms and interior courtyards that have been xeriscaped and provide open air with sunlight requiring minimal maintenance and upkeep. With exterior access on both the north and south sides of each building, each building can be secured providing a protected environment for a user seeking additional security measures or desire for limited points of ingress/egress to the interior space.
Future capital improvements have been completed by current ownership in 2025, therefore limiting exposure over the next five to ten years or longer.
Expansion Potential as the buildings have a 17.5% FAR as they sit on a ±5.04-acre parcel. With a parking field offering ratios that exceed requirements, a drive-lane that includes stacking for student drop-off/pick-up can be realized without impacting the required parking ratio.
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