Listed by CBRE - Las Vegas
$3,950,000
Spencer Airport Center
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 17,910
Tenancy Single
Lease Type NNN
Year Built 1999
Buildings 1
Acreage 1.030
Zoning M-D
Ground Lease No
Loading Docks 2
Dock High Doors 1
Sale Condition N/A
±17,910 SF For Sale | Investment Opportunity
Marketing description
CBRE, Inc. is pleased to present an opportunity to acquire a single-tenant NNN investment located in the desirable Airport Industrial submarket of Las Vegas, one of the top performing submarkets in Las Vegas. The offering consists of a 100% leased 17,910 SF flex/industrial building leased to a subsidiary of Lamar Media Corp., who has been an occupant of the building since 1999. The space includes ±6,454 SF of office, (2) grade level doors, (1) dock high door, 24' clear height, and 800 amps, 120/208 volt, 4-wire, 3-phase power.
Financial Summary:
- Purchase Price: $3,950,000.00
- Year 1 NOI (8/1/26-7/31/31): $225,971.08
- Year 1 Cap Rate: 5.72%
- Lease Term: 5 Years (8/1/2026-7/31/2031)
- Base Rent Escalations: 3% Annually
Located in the desirable Airport Industrial submarket of Las Vegas. Immediate access to I-15 and I-215 freeways.
Investment highlights
- ±17,610 SF total
- ±6,454 SF office
- 2 grade doors
- 1 dock high door
- 24' clear height
- 800A, 120/208 V, 4-wire, 3-phase power
Listing Contacts
Listed by CBRE - Las Vegas
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Zoning
IP IndustrialIndustrial Park
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