Flamingo Professional Plaza
Property Details
Offering Price:
Cap Rate:
Gross Leasable Area:
Net Operating Income:
Lot Size:
Year Built:
Price Per Square Foot:
$4,785,000
6.78%
+/- 17,450 Sq Ft
$324,555
1.00 Acres
2009
$274.21
Flamingo Professional Plaza
8845 West Flamingo Road, Las Vegas, NV 89147
Highlights:
· High-Quality Design and Finishes Attract Continuous Occupancy Demand to the Stunning Office Building
· Notable Architect DAH Designs Created an Intriguing Arrival With a 48-Foot-Tall Grand Rotunda Entrance and Dual Spiral Staircases Adding to the High-Quality Class-A Finishes Throughout
· Professionally Managed Asset
· Located Within Highly Desirable Southwest Las Vegas Submarket Which Has Been Recognized as the Epicenter of Leasing Activity
· Las Vegas Boasted Its Strongest Fourth-Quarter Office Space Absorption on Record
· Las Vegas is Experiencing Its Lowest Vacancy Rate in 15 Years, With the Southwest Submarket Leading This Trend
· Excellent Demographics Surrounding the Flamingo Professional Plaza: Three-Mile Radius Exceeds 178,366 Residents with an Average Household income of $94,567
· The Las Vegas Metro is Expected to Increase by 240,000 Residents Over the Next Five Years
· Casinos Across Nevada Brought in a New All-Time Record of $14.8 Billion in Gambling Revenues in 2022 and Continues to Bolster the Las Vegas Economy