Listed by SRS Real Estate Partners Newport Beach
$15,000,000
2255 & 2275 Marion Drive
Details
APN 140-20-117-004; 140-20-117-005; 140-20-117-013
Property Type Industrial
Sub Type Warehouse
Square Footage 100,000
Cap Rate 3.75%
NOI $563,165
Occupancy 55%
Tenancy Multi
Brand/Tenant Wood Worker, Stephanie Cortes HC Body Shop
Lease Term 10
Price per SqFt $150
Year Built 2006, 2008
Acreage 7.290
Zoning IP: Industrial Park
Parking Spaces 206 spaces
Parking Per SqFt 2.06
Investment Type Value Add
Ceiling Height 20'
Dock High Doors 40
Ownership Fee Simple (Land & Building Ownership)
Industrial | 3.75% CAP | 100,000 SqFt
Investment highlights
- Price: $15,000,000
- Price/SF: $150
- In-Place Net Operating Income: $563,165
- In-Place Cap Rate: 3.75%
- Year 3 Stabilized Cap Rate: 8.17%
- Occupancy: 55%
- Rentable Area: 100,000 SF
- Land Area:7.29 Acres
- Year Built/Remodeled: 2008, 2006
- Parcel Number: 140-20-117-004, 140-20-117-005, 140-20-117-013
- Ownership: Fee Simple (Land & Building Ownership)
- $15M asking, 3.75% in-place cap, but highlight stabilized cap of 8.17%
- 55% Leased 100,000 SF Industrial Park:
- The offering features 45% leased two buildings totaling 100,000 rentable SF, on a 7.29 acres of land
- Prime Industrial Location:
- Situated in the highly sought-after North Las Vegas industrial submarket, the property offers a strategic location ideal for a diverse range of industrial tenants.
- High-Quality Improvements:
- The asset consists of two 50,000 SF buildings, each featuring 20 grade-level 12' x 14' roll-up doors, designed to accommodate flexible industrial uses.
- Superior Accessibility:
- Conveniently located just 2.5 miles from the E. Cheyenne Avenue on/off ramps of the 1-15 Freeway, offering excellent regional connectivity and ease of access for tenants and logistics operators.
- Long-Term Value Opportunity:
- Strong physical attributes, location, and tenant flexibility position the property as an exceptional long-term industrial investment.
- Strong Demographics:
- More than 414,300 residents and 142,700 employees support the trade area
- $72,727 average household income
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$563,165.00
$46,930.42/mo
Valuation Metrics
0
DSCR
3.75%
Cap Rate
3.75%
ROI
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