Peak Professional Plaza
7520 Peak Drive, Las Vegas, NV 89128
Property Details
Offering Price:
Occupancy:
Gross Leasable Area:
In-Place Income:
Lot Size:
Year Built:
Price Per Square Foot:
$6,750,000
91.8%
+/- 31,124 Sq Ft
$422,167
2.11 Acres
1998/2021
$216.87
Peak Professional Plaza
7250 Peak Drive, Las Vegas, NV 89128
Overview:
Marcus & Millichap is pleased to present an exciting opportunity to acquire a two-story, 31,124 square foot
medical/professional office plaza built in 1998 and situated upon 2.11 acres.
Peak Professional Plaza is located within the exclusive Summerlin Master-Planned Community and the Las Vegas Technology Center, and centrally located within the Northwest Medical District (MDNW) with enviable proximity to MountainView Hospital, Optum, and Southwest Medical as well as several United Healthcare corporate campuses, which creates unique opportunities for the medical community to occupy this professionally managed office plaza. Additionally, convenient access to the US-95 freeway and a variety of shopping and dining amenities provide an excellent environment for patients and employees alike. All restrooms were completely renovated in 2021.
Long-term historical occupancy of an excellent mix of medical and professional tenants. Knit Architecture has occupied since 2016 and has recently received $300k in renovations to their 5,264 square foot space. One medical lease is currently pending. 62% of the existing tenant income has been in place for more than seven years.
Highlights:
LOCATION: Located Within the Prestigious Summerlin Community and at the Center of the Northwest Medical District, Just Blocks from MountainView Hospital
STABILITY: Stabilized Asset with Long-Term Historical Occupancy Reflecting 62% of the Tenant Income In Place For Greater Than Seven Years
OPPORTUNITY: Additional Opportunity to Add Value Through Lease-Up of Remaining Suite Featuring 9.2% of the Square Footage
RENOVATIONS: Extensive Renovations Recently Completed in Excess of $300k Including Tenant Improvements and Restroom Facilities
EFFICIENT: Desirable Exterior Accessibility Provides Ease of Management and Efficiency Due to No Interior Common Area/Load Factor
WELL-PRICED: Low Price Per Square Foot for Summerlin Real Estate
DESIRABLE OFFICE ASSET: Medical and Professional Office Building with Striking Architectural Appeal Plus Ample Covered and Uncovered Parking
DEMOGRAPHICS: Affluent Demographics and Population Density Exceeding 188,384 Residents in the Three-Mile Radius
