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Flamingo Professional Plaza

8845 W Flamingo OM MM Jpgs.jpg

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

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