8870 S Maryland Pky
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8870 S Maryland Pky
5,428 SF 76% Leased Office Building Las Vegas, NV 89123 $1,899,800 ($350/SF) 7% Cap Rate
Investment Highlights
- Opportunity to buy freestanding buildings while benefiting from existing tenant rental income
- Built in 2005
- Zoned Commercial General (CG) - allowing for office or retail uses
- 1 mile from freeway
- Ample parking (both covered and uncovered)
Executive Summary
Scottsdale Plaza in central Las Vegas offers a unique opportunity for business owners and investors to buy freestanding buildings while benefiting from existing tenant rental income. The sale includes 2 office buildings aimed at owner-users wanting to locate their business in a vibrant, well-maintained mixed-use setting. The plaza features convenient amenities such as a new Dunkin, 24 Tesla Supercharging Stations, restaurants, and a convenience store, all within walking distance. The project is located 1 mile from the freeway and was built in 2005. It boasts ample parking (both covered and uncovered) and is zoned Commercial General (CG), allowing for office or retail uses. Scottsdale Plaza is ideal for those seeking to own their workspace in a professional, community-focused environment.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,428 SF
Building Class
B
Year Built
2007
Price
$1,899,800
Price Per SF
$350
Cap Rate
7%
NOI
$132,918
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,428 SF
Zoning
C-1, County - Neighborhood Commercial
Amenities
- Bus Line
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PROPERTY TAXES
| Parcel Number | 177-14-410-016 | Improvements Assessment | $3,875,878 |
| Land Assessment | $1,591,682 | Total Assessment | $5,467,560 |
PROPERTY TAXES
Parcel Number
177-14-410-016
Land Assessment
$1,591,682
Improvements Assessment
$3,875,878
Total Assessment
$5,467,560
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8870 S Maryland Pky
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