1500 Sahara, Las Vegas, NV
Office for Sale - $695,000 - 6,317 Sq. Ft.
Property Info
| CIMLS# | 987594 |
| Location 1500 Sahara Las Vegas NV 89104 | |
| Updated | June 6th, 2018 |
| Type | Office |
| Price | $695,000 |
| Building | 6,317 Sq. Ft. |
Property Description
This value added asset for sale is located just East of Maryland Parkway and fronts Sahara Ave. The total building size is 6,317 SF and it has a healthy rent roll with a diversified tenant mix. Ample parking and minutes from Las Vegas Blvd. A new owner can benefit from adding value to the property with increased rents and filling the small vacancy in the building. Suites are ready to be leased and vary in size from 70 sq. feet to 200 sq. feet. This building is prime for a 1031 exchange or investor looking to be in the market under a million dollars. Property has a billboard on site and can provide additional income upon the lease expiration in 2022. Estimates are 7-9k per year. Buyer to verify.
Financials
Price $695,000 or $110.02 SF. Cap Rate 6.7% CAP based on NOI. Total building SF is 6,317.
