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5888 W Sunset Rd

29,303 SF 100% Leased Office Building Las Vegas, NV 89118 $8,750,000 ($299/SF) 7.99% Cap Rate

Executive Summary

Cushman & Wakefield US, Inc., is pleased to introduce for acquisition, Sundance Park, an office building located at 5888 West Sunset Road (“The Property”). The two-story suburban Class A office building is situated in the booming Southwest Submarket near Interstate 215 and South Jones Boulevard. The Property consists of ±2.08 acres and ±29,303 rentable square feet. The Property is a perfect investment (100% leased, fixed annual increases, below market rents) for investors seeking very stable (credit tenants, e.g. Walgreens, ICW Insurance) cash flow in a high demand area.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
29,303 SF
Building Class
B
Year Built
2006
Price
$8,750,000
Price Per SF
$299
Cap Rate
7.99%
NOI
$699,232
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,652 SF
Slab To Slab
12’
Building FAR
0.32
Land Acres
2.08 AC
Opportunity Zone
Yes
Zoning
C-P
Parking
93 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Signage
  • Natural Light
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
163-36-401-029
Land Assessment
$554,956
Improvements Assessment
$1,544,083
Total Assessment
$2,099,039
  • Listing ID: 33791857

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 5888 W Sunset Rd, Las Vegas, NV 89118

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