5888 W Sunset Rd
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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
Parcel Number | 163-36-401-029 | Improvements Assessment | $1,544,083 |
Land Assessment | $554,956 | Total Assessment | $2,099,039 |
PROPERTY TAXES
Parcel Number
163-36-401-029
Land Assessment
$554,956
Improvements Assessment
$1,544,083
Total Assessment
$2,099,039
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5888 W Sunset Rd
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