8879 W. Flamingo, Las Vegas, NV
Owner-User with Income in the SW Las Vegas Submarket
Marketing description
Unrivaled Amenity-Rich Location in Southwest Las Vegas
—CONNECTIVITY AND CONVENIENT COMMUTE. Located approximately 1-mile to the CC-215 at the Flamingo interchange this owner user opportunity provides superior regional connectivity and convenient commute for Las Vegas, Sky Canyon, and Henderson residents.
—LOW VACANCY. The Southwest Las Vegas submarket enjoys the lowest total vacancy rate at 6.4% and the second highest lease rate in Southern Nevada at $3.02 / SF / Month FSG.
—PRIME LOCATION WITH EXTENSIVE AMENITIES. W. Flamingo is an established office/retail corridor with proximity to nearby amenities. Within a 3-mile radius there are 150+ restaurant options, a population of ±177,666, and an average household income of $118,832.
Investment highlights
Owner-User Opportunity in the Southwest Las Vegas Submarket with In-Place Income and Building and Monument Signage
—CORPORATE USER OPPORTUNITY | This is an ideal corporate headquarter investment that provides an attractive lease-saving trade-off. The purchase provides protection against future rental market uncertainty and rate hikes.
— OWNER-USER OFFICE OFFERING | Located in the Southwest Las Vegas Submarket 8879 W. Flamingo is situated approximately 1 mile from the CC-215 which offers efficient connectivity to the Las Vegas Valley.
—BELOW MARKET RENTS | Current in-place rents are 41% below market; three tenants are MTM allowing a new owner to immediately bring these spaces to market rent. The fourth tenant expires December 31, 2026; beginning January 1, 2027, a new owner can lease up these spaces at current market rates.
—FLEXIBLE OWNER-USER OCCUPANCY | The property offers an owner-user to the option to immediately occupy up to ±3,230 SF (across the first and second floor). Effective January 1, 2027, the new owner will have the option to occupy the entire building.
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