Sahara Vista Professional Plaza

5440 West Sahara Avenue_Las Vegas, NV_OM11.jpg

Property Details

Offering Price:

Gross Leasable Area:

Price Per Square Foot:

Lot Size:

Year Built:

$5,500,000

38,564  sqft

$142.62

1.88 Acres

1998

Office Plaza:

5440 West Sahara Avenue, Las Vegas, NV 89146

Highlights

Marcus & Millichap is pleased to exclusively present this exceptional opportunity to acquire the Sahara Vista Professional Plaza, an 89.5% occupied office building, centrally located in Las Vegas, Nevada.​ Situated upon 1.88 acres of land and comprised of 38,564 square feet, the three-story office plaza features a variety of medical and professional tenants and has historically maintained high occupancy. Additional income streams such as building, monument signage, and parking space rentals further enhance cash flow potential.

 

The Las Vegas Office-Using sector is poised for an 11.7% increase in job growth and the Las Vegas market tops rental growth forecasts nationally in the retail sector and is projected to realize the highest percentage of rental increase gains in the nation. Combine this with the building’s existing 10.5% vacancy as well as potential tenant roll-over, all of which lead to substantial appreciable growth in Net Operating Income upon lease-up and renewals, in addition to scheduled annual rent increases providing a hedge against inflation.

 

  • Excellent Visibility With 245 Feet of Frontage Along Heavily Trafficked West Sahara Avenue

  • Poised to Benefit Significantly By Projected Top Rent Gains of Las Vegas Market

  • Office-Using Market is Amongst Leading Sectors of Job Growth Gain in Las Vegas

  • Priced Well-Below Replacement Cost at $143 Per Square Foot

  • Value-Add Potential With Existing 10.5% Vacancy and Below Market Rents Currently Averaging $1.07 FSG