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- LoopNet Team
375 E Warm Springs Rd
Las Vegas, NV 89119
375 Warm Springs · Office Property For Sale
Investment Highlights
- 375 Warm Springs is a 98% occupied multi-tenant office building being offered at a 7.0% cap rate on in-place income
- 42% of the property is leased to government tenants
- IN PLACE NOI: $1,057,382
- The tenancy consists of a healthy mix of traditional office tenants ranging from government, financial services, and marketing/advertising
- The owner recently made several improvements to the property including renovating the lobby, painting the building, and upgrading the restrooms
PROPERTY FACTS
Amenities
- 24 Hour Access
- Banking
About 375 E Warm Springs Rd , Las Vegas, NV 89119
375 Warm Springs recently underwent a major renovation, limiting near-term capital improvements costs. The improvements included renovating the lobby, painting the building, and upgrading the restrooms. In addition to upgrading the restrooms, there is currently an above average amount of restrooms in the Property making this an appeal to the tenants. Also, 50% of the suites have been renovated/modernized. The purchase of 375 Warm Springs will give an owner the opportunity to own a stabilized office property in an established part of the Las Vegas MSA.
PROPERTY TAXES
| Parcel Number | 177-09-514-002 | Improvements Assessment | $3,078,784 |
| Land Assessment | $883,659 | Total Assessment | $3,962,444 |
PROPERTY TAXES
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