Property details

Las Vegas Class A Medical Office Building For Sale, Pacific West Region

Property Description

Located in an Income Tax Free State!     

Las Vegas Class A Medical Office Building For Sale

Medical / Professional Office Building

Adjacent to a Major Regional Hospital

Beautiful Panoramic Views of the area and the Strip

Three(3) Story, +/- 74,000 SF Building (gla 70,284 sq. ft.)

Three story Class-A medical and professional office building

Located directly across from the 350,000 sq. ft. St Rose Dominican San Martin Hospital Campus.

The properties are easily accessible via a major Interstate Highway

Located in one of the fastest growing areas in Las Vegas.

The buildings are leased with mostly National and Regional tenants.

There are 16 tenants occupying 3 floors of class A office/medical building

All Leases are NNN with renewals at market options.

There are annual increases in the leases

All suites are finished with upgraded tenant improvements.

Load factor is 12% for the office.

Common areas are built with class A finishes

Buyer must assum the existing loan with an approx. loan balance of approx. $13.7M (requires approx $5.4M in equity at closing).

The sale includes a 3-tenant retail pad. Both properties being tied by one cross-collateralized loan. The seller would like the option to buy back this retail pad at 7.00% cap rate (inquire).



Office Buildings For Sale



Office Buildings For Sale



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Highlights

Status:
Available
Price:
$19,101,057
PSF:
$272
Cap Rate:
7.00%
 

Property Information

Building Size:
70,284 sq.ft.
Property Type:
Medical
Industry Type:
Office
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.