4000 E Charleston Boulevard, Las Vegas NV

Office for Sale


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Agent Info

NameJeff Berg

Property Info

CIMLS #839971
Location4000 E Charleston Boulevard
Las Vegas NV 89104
Last UpdatedNovember 19th, 2016
TypeOffice
PriceUndisclosed

Contact


Property Description

The Berg Team with Sperry Van Ness is proud to offer for sale Woodbury Medical Center located at 4000 E. Charleston Blvd (the Property ). This is the first time this property has ever been on the market for sale. The Property consists of a two story multi tenant office building located on Charleston Blvd (+/- 30,795 VPD) and is immediately off the US 95 freeway exit (+/- 131,406 VPD). Woodbury Medical Center is currently being offered at a 8.57% cap rate on 73% occupancy, allowing the future owner an opportunity to take advantage of the lease up. The two existing tenants, Allergy and Asthma Associates and University of Nevada/Mojave Counseling, have occupied space in this building since 1998 and 1997. Woodbury Medical Center is located in close proximity to Lamb Blvd and Charleston Blvd, one of the busiest intersections in the Las Vegas MSA, and is surrounded by several national tenants, which include The Home Depot, El Super, Big 5 Sporting Goods, Walmart Neighborhood Market, McDonald's, 24 Hour Fitness, El Pollo Loco, Pep Boys Auto Service, and Bank of America.

Location Description:

The property is situated within the Central East Las Vegas submarket having the civic address of 4000 E. Charleston Boulevard, Las Vegas, Nevada 89110, and is located on the northwest corner of Charleston and Sacramento Drive.

Highlights:

>> 8.57% Cap rate on existing income at 73% occupancy

>> Offered below replacement cost at $107 PSF

>> Allergy and Asthma Associates have occupied space at this building since 1998

>> University of Nevada/Mojave Counseling have occupied space at this building since 1997

>> Located on Charleston Blvd immediately off US 95

>> Existing ownership has maintained the property throughout the years, constantly upgrading the mechanicals.

>> Above average car counts on Charleston Boulevard: +/- 30,795

>> Landlord has been constantly improving and updating the utilities.

>> 45,895 SF Total Office Space

>> Near 95 Freeway

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