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3440 E Russell Rd
Las Vegas, NV 89120
Concourse Executive Suites · Office Property For Sale
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire an exceptional executive suite office facility located at 3440 E Russell Road in Las Vegas, NV (“Property” or “Asset”). The building consists of +/- 7,507 SF and is situated on +/- 0.68 acre lot. This office building has 27 total suites of which 25 are currently occupied. The property provides convenient access to major roads and transportation routes making it an excellent choice for businesses seeking a strategic location in infill Las Vegas.
Currently, the property is occupied by 23 tenants on month-to-month leases, offering immediate income while allowing for flexibility in future leasing strategies, or for an owner-user to immediately occupy. A clear value-add opportunity exists through minimal capital improvements, which would enhance the property’s appeal and allow for re-leasing at market rents.
Currently, the property is occupied by 23 tenants on month-to-month leases, offering immediate income while allowing for flexibility in future leasing strategies, or for an owner-user to immediately occupy. A clear value-add opportunity exists through minimal capital improvements, which would enhance the property’s appeal and allow for re-leasing at market rents.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,507 SF
Building Class
B
Year Built
2001
Price
$1,887,284 CAD
Price Per SF
$251.40 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,507 SF
Building FAR
0.25
Lot Size
0.68 AC
Zoning
C-2, County
Parking
22 Spaces (2.93 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Convenience Store
- Signage
PROPERTY TAXES
| Parcel Number | 161-30-401-038 | Improvements Assessment | $360,449 CAD |
| Land Assessment | $130,489 CAD | Total Assessment | $490,939 CAD |
PROPERTY TAXES
Parcel Number
161-30-401-038
Land Assessment
$130,489 CAD
Improvements Assessment
$360,449 CAD
Total Assessment
$490,939 CAD
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