Century Park Plaza Appraised $18.5 M
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Century Park Plaza Appraised $18.5 M
2 Office Properties Offered at $15,950,000 in Las Vegas, NV
Executive Summary
INCENTIVE, CLOSE BY DECEMBER 31, 2024 10% DISCOUNT!!
Approx 95% leased with 54% being medical tenants!!!!! Century Park Plaza at 1771 E Flamingo Road is a recently remodeled professional office campus that is centrally located for easy navigation anywhere in the Las Vegas Valley. Comprised of two freestanding buildings totaling ± 137,436 square feet on a 4.06-acre campus, $1,000,000+ in renovations to the campus added fresh exterior paint on both buildings, all new asphalt in the parking lot, and upgrades to landscaping, the gazebo, and the outdoor courtyard including recent Tenant Improvements. In an Opportunity Zone, Century Park Plaza sits just eight minutes from the Sunrise Hospital & Medical Center and is within walking distance of the Desert Springs Hospital. Additionally, the building is about five minutes from the McCarran International Airport, five minutes from the renowned Las Vegas Strip, 15 minutes from the vibrant downtown district, and just 25 minutes from Summerlin. The property offers convenient commuting options and amenities, as it sits midway between 1-15 and 1-515 and offers 395 total complimentary parking spots, 250 covered underground spaces, and 145 surface parking spaces.
Approx 95% leased with 54% being medical tenants!!!!! Century Park Plaza at 1771 E Flamingo Road is a recently remodeled professional office campus that is centrally located for easy navigation anywhere in the Las Vegas Valley. Comprised of two freestanding buildings totaling ± 137,436 square feet on a 4.06-acre campus, $1,000,000+ in renovations to the campus added fresh exterior paint on both buildings, all new asphalt in the parking lot, and upgrades to landscaping, the gazebo, and the outdoor courtyard including recent Tenant Improvements. In an Opportunity Zone, Century Park Plaza sits just eight minutes from the Sunrise Hospital & Medical Center and is within walking distance of the Desert Springs Hospital. Additionally, the building is about five minutes from the McCarran International Airport, five minutes from the renowned Las Vegas Strip, 15 minutes from the vibrant downtown district, and just 25 minutes from Summerlin. The property offers convenient commuting options and amenities, as it sits midway between 1-15 and 1-515 and offers 395 total complimentary parking spots, 250 covered underground spaces, and 145 surface parking spaces.
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $15,950,000 | Status | Active |
| Price / SF | $116.05 / SF | Number of Properties | 2 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.56% | Total Building Size | 137,436 SF |
| Sale Type | Investment | Total Land Area | 4.06 AC |
| Price | $15,950,000 |
| Price / SF | $116.05 / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 7.56% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 137,436 SF |
| Total Land Area | 4.06 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building A
1771 E Flamingo Rd, Las Vegas, NV 89119 |
Office | 68,718 SF | 1984 | - |
|
Building B
1771 E Flamingo Rd, Las Vegas, NV 89119 |
Office | 68,718 SF | 1984 | - |
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Century Park Plaza Appraised $18.5 M
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