1901-1903 S Jones Blvd
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1901-1903 S Jones Blvd
14,065 SF 21% Leased Office Building Las Vegas, NV 89146 $4,500,000 ($320/SF) 8% Cap Rate
Investment Highlights
- Brand new, long term market rate lease
- Well established, extremely well recognized practice with a robust client base
- Super premium tenant improvement finishes
Executive Summary
Property Description
±14,065 SF, net leased owner user medical office opportunity with potential income. The property is within the the heart of the medical and professional services corridor in the west Las Vegas Valley, within the boundaries of S. Jones Blvd., W. Oakey Blvd., and W. Sahara Ave. with a combination traffic count of ±74,600 VPD (vehicles per day). Tenant will execute a brand-new, long term market rate lease at close of escrow. Well established practice providing primary care, personal injury, weight loss, and med spa practice specialties.
Area Description
Located within the heart of the medical and professional services corridor in the west Las Vegas Valley with exceptional access to the hustle and bustle of the Strip and downtown via Interstate 15 and Highway 95. The office sits four miles from the shopping, fine dining, entertainment, and nightlife of the Las Vegas Strip. The Harry Reid International Airport is a 10-minute drive away, ideal for those traveling in from out of town.
±14,065 SF, net leased owner user medical office opportunity with potential income. The property is within the the heart of the medical and professional services corridor in the west Las Vegas Valley, within the boundaries of S. Jones Blvd., W. Oakey Blvd., and W. Sahara Ave. with a combination traffic count of ±74,600 VPD (vehicles per day). Tenant will execute a brand-new, long term market rate lease at close of escrow. Well established practice providing primary care, personal injury, weight loss, and med spa practice specialties.
Area Description
Located within the heart of the medical and professional services corridor in the west Las Vegas Valley with exceptional access to the hustle and bustle of the Strip and downtown via Interstate 15 and Highway 95. The office sits four miles from the shopping, fine dining, entertainment, and nightlife of the Las Vegas Strip. The Harry Reid International Airport is a 10-minute drive away, ideal for those traveling in from out of town.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
14,065 SF
Building Class
B
Year Built
1993
Price
$4,500,000
Price Per SF
$320
Cap Rate
8%
NOI
$360,000
Percent Leased
21%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,065 SF
Building FAR
0.29
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
P-R, Las Vegas
Parking
67 Spaces (4.76 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Family Doctors Of Green Valley
- Health Care and Social Assistance
- 14,065 SF
- $2.15
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Family Doctors Of Green Valley | Health Care and Social Assistance | 14,065 SF | $2.15 | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste Suite 1
- 1,958 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 2
- 3,626 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 3
- 5,584 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Suite 1 | 1,958 SF | Office | - | Now |
| 1st Fl-Ste Suite 2 | 3,626 SF | Office | - | Now |
| 1st Fl-Ste Suite 3 | 5,584 SF | Office | - | Now |
1st Fl-Ste Suite 1
| Size |
| 1,958 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Suite 2
| Size |
| 3,626 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Suite 3
| Size |
| 5,584 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 163-02-721-007 | Improvements Assessment | $536,833 |
| Land Assessment | $256,132 | Total Assessment | $792,965 |
PROPERTY TAXES
Parcel Number
163-02-721-007
Land Assessment
$256,132
Improvements Assessment
$536,833
Total Assessment
$792,965
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1901-1903 S Jones Blvd
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