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30105293
30105300

2061 Losee Rd, North Las Vegas, NV 89030

KM
NV NV S.0195558
Centennial Advisers
JW
CA 00875427
Centennial Advisers
Listed by Centennial Advisers
$2,590,000
92 days on market
Updated 92 days ago
Opportunity zone

Rare Asset in Supply Constrained Market

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 11,424
Net Rentable (SqFt) 11,424
Units 3
Pro-Forma Cap Rate 9.19%
Price per SqFt $227
Year Built 1986
Buildings 1
Stories 1
Acreage 0.740
Zoning M3

Retail | 11,424 SqFt | Flexible 9 Bay Asset

Marketing description

We present 2061 Losee Road in North Las Vegas, a strategic multi-tenant investment where the seller is willing to carry a long term note. This 11,424 SF auto repair and industrial facility sits on 0.74 acres, offering rare M3 zoning and flexible leasing at $2,590,000 ($227/SF).

Located south of the Losee Road and Lake Mead Boulevard intersection, the property offers excellent access less than one mile from the I-15 interchange. With daily traffic exceeding 125,000 vehicles along the interstate corridor, the site is ideal for automotive and service businesses requiring rapid valley connectivity.

Built in 1986, the adaptable layout is configured as three distinct operational spaces, modified from nine bays to suit larger tenants; along with three offices and four restrooms prepared for a national tenant. Additionally, the replacement cost of an asset such as this would exceed at minimum 3.25 million. The site features a high parking ratio of 3.28 per 1,000 SF and verified absence of underground tanks, mitigating environmental risks while supporting intensive industrial use. Three tenants occupy the configured spaces on a month-to-month basis for a new owner to make a clean transition. For details on the existing tenants and their tenure, please contact Kandace Murphy, the listing agent.

The asset benefits from a supply-constrained submarket where vacancy for shallow-bay industrial space has tightened, driven by limited new inventory under 20,000 SF. The location is poised for appreciation and rental growth.

2061 Losee Road represents a robust investment opportunity for buyers seeking a rare M3 zoned asset with stabilized income. The existing tenants will consider long term leases if a new owner prefers them to stay. The existing rents currently reflect a 5% cap plus cams.

Investment highlights

  • Strategic Location In Las Vegas

  • Flexible for Multiple Industries

  • Ample Parking for Businesses

  • Tight Small-Bay Vacancy

  • Prime Industrial Zoning

  • Attractive Price Point

Listing Contacts

KM
NV NV S.0195558
Centennial Advisers
JW
CA 00875427
Centennial Advisers
Listed by Centennial Advisers

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Additional Information

Name
Kandace Murphy
License
NV S.0195558
Brokerage
Centennial Advisers
Brokerage Phone
3109301883
Title
Regional Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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