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29091089
29091087

6329 Pine St, Las Vegas, NV 89120

TH
s.0202861
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas
$3,200,000
150 days on market
Updated 51 days ago

6329 Pine St

Details
APN 162-36-801-016
Property Type Industrial
Sub Type Flex
Square Footage 21,780
Net Rentable (SqFt) 17,632
Cap Rate 6.57%
NOI $210,240
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4.1
Lease Expiration 01/31/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 7.39%
Pro-Forma NOI $236,628
Price per SqFt $147
Class C
Year Built 1998
Stories 1
Acreage 0.550
Zoning M-D
Parking Spaces 22 spaces
Parking Per SqFt 1.01
Investment Type Net Lease
Lease Commencement 01/01/2025
Occupancy Date 01/01/2025
Ceiling Height 20
Dock High Doors 3

Industrial | 6.8% CAP | 21,780 SqFt

Marketing description

Marcus and Millichap is pleased to present for sale, 6329 Pine St. A 5+ Year Triple Net Lease featuring above average 3.25% annual rental increases throughout the initial term and (One), 5-year Extension Options. Set in the heart of a thriving industrial corridor this prime investment opportunity is strategically located near Harry Reid Airport in Las Vegas, NV.

6329 Pine is a 17,632 Square Foot Tilt Up, boasting a .5 Acre lot - Power 600a/120 - 208v 3p - Drive Ins

3 tot./10' w x 14' h - 20' Clear Height - Fully Gated Secured Yard.

Tenant - Brand House America leverages the state's prominence as a key hub in the cannabis industry, highlighted by significant events like MjBizCon. Our modern 18,000 SqFt processing facility takes advantage of this exposure, providing top-tier co-packing and contract manufacturing services. As the operator of the only cannabis canning line in Nevada, we offer unparalleled production capabilities, establishing us as leaders in both recreational and medical markets. Our skilled team and fully equipped GMP facility ensure consistent quality and operational excellence.


Long-Term Stability | 4 years remaining on a long-term Triple Net (NNN) lease with 1 - one year option — no landlord responsibilities.

Airport Access - Las Vegas– Harry Reid International Airport Offers Daily Cargo and Passenger Flights, Supporting Corporate Travel, Air Freight, and Efficient Supplier Routes

Built-In Income Growth | Lease includes 3% annual increases, delivering steady income growth and a natural hedge against inflation.

Advanced Manufacturing Ecosystem - The Airport Commerce Corridor Hosts Numerous Fabrication, Logistics, and Marijuana Tenants - Providing Synergy for Industrial Owner/Users in the Cannabis Industry

Listing Contacts

TH
s.0202861
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$210,240.00
$17,520.00/mo

Valuation Metrics

0
DSCR
6.57%
Cap Rate
6.57%
ROI

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