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27633153
27771234

701 E Bridger Ave, Las Vegas, NV 89101

PD
NV NV S.0047352
Colliers - Las Vegas, Nevada
MS
NV 0187927, CA 02033871
Colliers - Los Angeles - Brentwood, California
TT
NV S.0051684
Colliers - Las Vegas, Nevada
AM
NV 63542
Colliers - Las Vegas, Nevada
Listed by Colliers - Las Vegas, Nevada, Colliers - Los Angeles - Brentwood, California
$6,750,000
226 days on market
Updated 73 days ago

701 Bridger

Details
APN 139-34-710-059
Property Type Office
Sub Type Traditional Office
Square Footage 66,984
Cap Rate 7.54%
Occupancy 69%
Tenancy Multi
Lease Type Modified
Price per SqFt $101
Class B
Year Built 1984
Year Renovated 2004
Buildings 1
Stories 8
Acreage 0.910
Investment Type Value Add
Ground Lease No

8-Story Downtown Las Vegas Office | 69% Leased with Owner/User Potential

Marketing description

OFFERS DUE: TUESDAY, DECEMBER 9TH, 5 PM PT

DOWNLOAD OM: 701 Bridger - Las Vegas, NV

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 701 Bridger (the “Property”), an eight-story, 66,984-square-foot office building in the heart of Downtown Las Vegas. Currently 69% leased, 701 Bridger offers investors durable but flexible in-place income with clear leasing upside while also providing immediate occupancy potential for an owner-user.

Anchored by a diverse mix of nonprofit, government, and private-sector tenants, including Nevada Legal Services, Teach for America, and the Chapter 13 Bankruptcy Trustee, the Property is aligned with the civic, professional, and cultural fabric that defines Downtown Las Vegas. This tenancy profile delivers stability, while the available space, efficient floor plates, and above-market parking ratio create flexibility for a wide range of future users.

The investment is further supported by a Downtown submarket that is experiencing clear momentum. Net absorption has been positive for three consecutive quarters, and transformative projects, such as more than $4 billion of completed and planned development at Symphony Park, are reshaping the urban core.

701 Bridger provides an attractive entry point into one of the nation’s fastest-growing markets, combining immediate leasing upside, owner/user headquarters potential, and powerful long-term demand drivers.

Investment highlights

  • Compelling value-add opportunity at 69% occupancy with significant near-term rollover

  • Diverse tenant mix anchored by non-profits and government uses

  • Improving market fundamentals, with 3 consecutive quarters of positive absorption and sub-10% vacancy in Downtown Las Vegas

  • Above-market parking ratio with a secure, gated parking garage

  • Growing downtown demand drivers, including $4B of completed and planned projects minutes away at Symphony Park

  • Downtown headquarters potential for an owner/user, with over 20,000 SF immediately available

Listing Contacts

PD
NV NV S.0047352
Colliers - Las Vegas, Nevada
MS
NV 0187927, CA 02033871
Colliers - Los Angeles - Brentwood, California
TT
NV S.0051684
Colliers - Las Vegas, Nevada
AM
NV 63542
Colliers - Las Vegas, Nevada
Listed by Colliers - Las Vegas, Nevada, Colliers - Los Angeles - Brentwood, California

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Additional Information

Name
Patti Dillon
License
NV S.0047352
Brokerage
Patti Dillon
Brokerage Phone
7025230337
Title
Buyer's Broker
Brokerage Address
6795 South Agilysys Way
Name
Mark Schuessler
License
0187927
Brokerage Phone
3106221916
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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