St. Rose Dominican Medical Plaza | 98 E Lake Mead Pky
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St. Rose Dominican Medical Plaza 98 E Lake Mead Pky
41,676 SF 87% Leased Office Building Henderson, NV 89015 $6,250,000 ($150/SF) 8.03% Cap Rate
Investment Highlights
- Value-add triple net medical office building with major upside potential situated on a Dignity Health hospital campus
- Interstate freeway and highway access w/high traffic counts on a busy signalized hard corner
- Professionally managed
- Strong established government and healthcare tenants on long term leases w/ annual increases and renewal options
- Significant capital improvements completed from 2018-2022 and positioned to qualify for Henderson Redevelopment District Grant Program
- 17 suites / 3 floors / 5:1k parking ratio
Executive Summary
St. Rose Dominican Medical Plaza, located at 98 E Lake Mead Parkway, is a premier medical office building situated in the thriving healthcare corridor of Henderson, Nevada. This modern facility spans approximately 41,676 SqF and is strategically positioned near the highly-regarded St. Rose Dominican Hospital, providing seamless access to a diverse range of medical services. The property boasts state-of-the-art infrastructure, designed to accommodate a wide variety of medical specialties, making it an ideal location for healthcare providers seeking to establish or expand their presence in the rapidly growing Henderson area.
The medical plaza is surrounded by a robust network of amenities, including pharmacies, laboratories, and diagnostic centers, all within close proximity, enhancing the convenience for both patients and healthcare professionals. With its prime location along the busy Lake Mead Parkway and ample parking facilities, St. Rose Dominican Medical Plaza offers excellent visibility and accessibility. The property is fully leased with a strong tenant mix, ensuring a stable and attractive investment opportunity in one of Nevada’s most sought-after medical hubs.
The medical plaza is surrounded by a robust network of amenities, including pharmacies, laboratories, and diagnostic centers, all within close proximity, enhancing the convenience for both patients and healthcare professionals. With its prime location along the busy Lake Mead Parkway and ample parking facilities, St. Rose Dominican Medical Plaza offers excellent visibility and accessibility. The property is fully leased with a strong tenant mix, ensuring a stable and attractive investment opportunity in one of Nevada’s most sought-after medical hubs.
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- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Medical
Building Size
41,676 SF
Building Class
B
Year Built
1992
Price
$6,250,000
Price Per SF
$150
Cap Rate
8.03%
NOI
$501,907
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,892 SF
Slab To Slab
12’
Building FAR
1.37
Lot Size
0.70 AC
Zoning
Mixed-Use - Downtown Mixed Use Zoning
Parking
211 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Bus Line
- Signage
- Central Heating
- High Ceilings
- Air Conditioning
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 179-18-503-002 | Improvements Assessment | $1,653,936 |
| Land Assessment | $128,066 | Total Assessment | $1,782,003 |
PROPERTY TAXES
Parcel Number
179-18-503-002
Land Assessment
$128,066
Improvements Assessment
$1,653,936
Total Assessment
$1,782,003
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St. Rose Dominican Medical Plaza | 98 E Lake Mead Pky
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