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139 E Warm Springs Rd 6,300 SF 100% Leased Office Building Las Vegas, NV 89119 $2,921,360 CAD ($463.71 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Excellent Location (Near LV BLVD & I215)
- Free Standing Building
- Strong Tenant - Great 1031X Opportunity
- 22 Private Offices | 3 Conferences Rooms | Kitchen & Breakroom | Large Lobby
Executive Summary
Positioned in one of the Las Vegas Valley’s most connected commercial corridors, 139 E. Warm Springs offers investors the opportunity to acquire a well-located, freestanding office building with an established single tenant and immediate income in place.
The property is ideally situated just minutes from Harry Reid International Airport and the Las Vegas Strip, with convenient access to I-15 and the I-215 Beltway. Its central location provides excellent connectivity throughout the valley, allowing businesses to conveniently serve Henderson, Summerlin, the Las Vegas Strip corridor, and the surrounding communities.
This attractive single-story, freestanding office building contains approximately 6,300 square feet and is thoughtfully built out with 22 private offices, three conference rooms, a kitchen/breakroom, equipment and prep area, IT room, and a large reception/lobby. The property also offers 32 parking spaces, providing an excellent parking ratio for professional office use.
For investors, the property offers an attractive 5.5% CAP rate with a highly qualified, long-term tenant that has occupied the building since 2016. A NNN lease is currently in place through May 2028, and the tenant has expressed a willingness to extend its lease, providing a potential opportunity for continued stable occupancy beyond the current term.
The property is ideally situated just minutes from Harry Reid International Airport and the Las Vegas Strip, with convenient access to I-15 and the I-215 Beltway. Its central location provides excellent connectivity throughout the valley, allowing businesses to conveniently serve Henderson, Summerlin, the Las Vegas Strip corridor, and the surrounding communities.
This attractive single-story, freestanding office building contains approximately 6,300 square feet and is thoughtfully built out with 22 private offices, three conference rooms, a kitchen/breakroom, equipment and prep area, IT room, and a large reception/lobby. The property also offers 32 parking spaces, providing an excellent parking ratio for professional office use.
For investors, the property offers an attractive 5.5% CAP rate with a highly qualified, long-term tenant that has occupied the building since 2016. A NNN lease is currently in place through May 2028, and the tenant has expressed a willingness to extend its lease, providing a potential opportunity for continued stable occupancy beyond the current term.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
6,300 SF
Building Class
B
Year Built
2005
Price
$2,921,360 CAD
Price Per SF
$463.71 CAD
Cap Rate
5.50%
NOI
$160,675 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,300 SF
Building FAR
0.19
Lot Size
0.75 AC
Zoning
C-P, County
Parking
32 Spaces (5.1 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Kitchen
- Central Heating
- Air Conditioning
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 177-09-113-017 | Improvements Assessment | $290,777 CAD |
| Land Assessment | $256,048 CAD | Total Assessment | $546,825 CAD |
Property Taxes
Parcel Number
177-09-113-017
Land Assessment
$256,048 CAD
Improvements Assessment
$290,777 CAD
Total Assessment
$546,825 CAD
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139 E Warm Springs Rd
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