2080 & 2090 E Flamingo Road
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2080 & 2090 E Flamingo Road
2 Office Properties Offered at $18,200,000 in Las Vegas, NV
Investment Highlights
- ATTRACTIVE OFFICE PORTFOLIO WITH STRONG LEASING MOMENTUM
Executive Summary
GOVERNMENT TENANTS
* 40% State Government Tenants | The assets benefit from six (6) State of Nevada tenants in the property which makes up 40% of the rent roll
* 4.35 Year WALT | State of Nevada tenants have a 4.35 year WALT providing an investor a secure income stream
* Proximity to Other Government Locations | Located approximately 5 miles from Local, State, and Federal court houses and agencies, and approximately 6 miles to the Clark County Government Center, the property provides proximity for various government agencies at the Local, State, and Federal level
ATTRACTIVE OFFICE PORTFOLIO WITH STRONG LEASING MOMENTUM
* Flexibility in suites sizes make the property attractive to both new and existing users
* Positive leasing momentum provides significant future upside
* Business centric, centralized location which caters to a variety of users from finance, healthcare, tech, and government industries
PRIME LOCATION IN CENTRAL EAST SUBMARKET
* Situated on Flamingo Business Corridor, approximately 3 miles from the I-15 interchange and 2 miles from the I-95 interchange, the location offers easy and convenient access to the entire Las Vegas Valley
* Exceptionally located in the Central East submarket, situated next to essential infrastructure such as the Las Vegas Strip, Las Vegas Convention Center, the Regional Justice Center, U.S. Bankruptcy Court, Foley Federal Building and U.S. Courthouse, and the U.S. Supreme Court of Nevada
* Amenity rich area with numerous dining options, retail, hotel and banking services
* 40% State Government Tenants | The assets benefit from six (6) State of Nevada tenants in the property which makes up 40% of the rent roll
* 4.35 Year WALT | State of Nevada tenants have a 4.35 year WALT providing an investor a secure income stream
* Proximity to Other Government Locations | Located approximately 5 miles from Local, State, and Federal court houses and agencies, and approximately 6 miles to the Clark County Government Center, the property provides proximity for various government agencies at the Local, State, and Federal level
ATTRACTIVE OFFICE PORTFOLIO WITH STRONG LEASING MOMENTUM
* Flexibility in suites sizes make the property attractive to both new and existing users
* Positive leasing momentum provides significant future upside
* Business centric, centralized location which caters to a variety of users from finance, healthcare, tech, and government industries
PRIME LOCATION IN CENTRAL EAST SUBMARKET
* Situated on Flamingo Business Corridor, approximately 3 miles from the I-15 interchange and 2 miles from the I-95 interchange, the location offers easy and convenient access to the entire Las Vegas Valley
* Exceptionally located in the Central East submarket, situated next to essential infrastructure such as the Las Vegas Strip, Las Vegas Convention Center, the Regional Justice Center, U.S. Bankruptcy Court, Foley Federal Building and U.S. Courthouse, and the U.S. Supreme Court of Nevada
* Amenity rich area with numerous dining options, retail, hotel and banking services
Property Facts
| Price | $18,200,000 | Number of Properties | 2 |
| Price / SF | $159.88 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 113,832 SF |
| Sale Type | Investment | Total Land Area | 4.25 AC |
| Status | Active |
| Price | $18,200,000 |
| Price / SF | $159.88 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 113,832 SF |
| Total Land Area | 4.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Flamingo Professional Center
2080 E Flamingo Rd, Las Vegas, NV 89119 |
Office | 91,819 SF | 1985 | - |
|
Building II
2090 E Flamingo Rd, Las Vegas, NV 89119 |
Office | 22,013 SF | 1987 | - |
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2080 & 2090 E Flamingo Road
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