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Owner/User Industrial Flex Building w/Income 871 Grier Dr
52,676 SF 18% Leased Flex Building Las Vegas, NV 89119 $13,950,000 ($265/SF) 3.86% Cap Rate
Investment Highlights
- STRATEGIC AIRPORT SUBMARKET LOCATION
- SPECIALIZED BUILDOUT AND EQUIPMENT
- RARE HUGHES AIRPORT CENTER ACQUISITION OPPORUTNITY
- OWNER/USER PROPERTY WITH INCOME
- PHASED OCCUPANCY OPPORTUNITY
- Hughes Airport Center provides an owner/user with additional income to offset occupancy cost, provides additional upside, and potential for future exp
Executive Summary
High-image +52,676 SF office/warehouse building consisting of 4 units, two of which are leased generating $45k/month in tenant income (including NNN reimbursements) with WALT of 1.6y remaining and extension options of 3y/5y at 95% of FMV. New roof in 2023.
Existing vacancy is a former telco switch and configured with 1200 amps, over 180 tons of HVAC, 1000kW backup generator, secure interior dock loading, adequate office and training area
Potential new SBA Loan would require buyer to occupy upcoming 10,451 SF vacancy by approximately February 2026; resulting in a combined ±27,811 SF space with 4 oversized grade level loading doors (including 2 interior docks - 1 temp filled)
This rare acquisition opportunity within Hughes Airport Center provides an owner/user with additional income to offset occupancy cost, provides additional upside, and potential for future expansion while qualifying for low-cost SBA financing which reduces occupancy cost by almost 60% over leased space
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$462,800
|
$8.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$462,800
|
$8.40
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $462,800 |
| Annual Per SF | $8.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $462,800 |
| Annual Per SF | $8.40 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Lee & Associates is pleased to offer this unique opportunity to lease an potential data center facility with all existing infrastructure and equipment including Liebert CRAC units, Vertiv Liebert EXM UPS, FM-200 Clean Agent Tanks & Fire Panel System, 1000kW Caterpillar Diesel Generator, and 6,000 gallon diesel storage tank, providing essentially a turnkey opportunity for a dedicated data center user Located in Hughes Airport Center this industrial flex property provides extensive buildout for its prior use as a switch facility for Sprint PCS/T-Mobile including open office/perimeter offices, break room, switch room, interconnector room, battery room, internal secured loading dock, over 180 tons of HVAC, and 1200 amps of 3-Phase power. Property is vacant so please schedule tour requests in advance. Thank you.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 871 Grier Dr Ste A | 17,360 SF | Flex | Full Build-Out | Now |
1st Fl - 871 Grier Dr Ste A
| Size |
| 17,360 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 871 Grier Dr Ste A
| Size | 17,360 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Lee & Associates is pleased to offer this unique opportunity to lease an potential data center facility with all existing infrastructure and equipment including Liebert CRAC units, Vertiv Liebert EXM UPS, FM-200 Clean Agent Tanks & Fire Panel System, 1000kW Caterpillar Diesel Generator, and 6,000 gallon diesel storage tank, providing essentially a turnkey opportunity for a dedicated data center user Located in Hughes Airport Center this industrial flex property provides extensive buildout for its prior use as a switch facility for Sprint PCS/T-Mobile including open office/perimeter offices, break room, switch room, interconnector room, battery room, internal secured loading dock, over 180 tons of HVAC, and 1200 amps of 3-Phase power. Property is vacant so please schedule tour requests in advance. Thank you.
PROPERTY TAXES
| Parcel Number | 177-03-510-008 | Improvements Assessment | $1,088,595 |
| Land Assessment | $806,821 | Total Assessment | $1,895,416 |
PROPERTY TAXES
zoning
| Zoning Code | IL, County (The IL district accommodate low and moderate-intensity industrial and manufacturing activities, and indoor/outdoor storage uses with office spaces) |
| IL, County (The IL district accommodate low and moderate-intensity industrial and manufacturing activities, and indoor/outdoor storage uses with office spaces) |
Presented by
Owner/User Industrial Flex Building w/Income | 871 Grier Dr
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