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St. Rose Dominican Medical Plaza 98 E Lake Mead Pky 41,676 SF 91% Leased Office Building Henderson, NV 89015 $8,687,500 CAD ($208.45 CAD/SF) 8.03% Cap Rate
Investment Highlights
- Value-add triple net medical office building with major upside potential situated on a Dignity Health hospital campus
- Interstate freeway and highway access w/high traffic counts on a busy signalized hard corner
- Professionally managed
- Strong established government and healthcare tenants on long term leases w/ annual increases and renewal options
- Significant capital improvements completed from 2018-2022 and positioned to qualify for Henderson Redevelopment District Grant Program
- 17 suites / 3 floors / 5:1k parking ratio
Executive Summary
St. Rose Dominican Medical Plaza, located at 98 E Lake Mead Parkway, is a premier medical office building situated in the thriving healthcare corridor of Henderson, Nevada. This modern facility spans approximately 41,676 SqF and is strategically positioned near the highly-regarded St. Rose Dominican Hospital, providing seamless access to a diverse range of medical services. The property boasts state-of-the-art infrastructure, designed to accommodate a wide variety of medical specialties, making it an ideal location for healthcare providers seeking to establish or expand their presence in the rapidly growing Henderson area.
The medical plaza is surrounded by a robust network of amenities, including pharmacies, laboratories, and diagnostic centers, all within close proximity, enhancing the convenience for both patients and healthcare professionals. With its prime location along the busy Lake Mead Parkway and ample parking facilities, St. Rose Dominican Medical Plaza offers excellent visibility and accessibility. The property is fully leased with a strong tenant mix, ensuring a stable and attractive investment opportunity in one of Nevada’s most sought-after medical hubs.
The medical plaza is surrounded by a robust network of amenities, including pharmacies, laboratories, and diagnostic centers, all within close proximity, enhancing the convenience for both patients and healthcare professionals. With its prime location along the busy Lake Mead Parkway and ample parking facilities, St. Rose Dominican Medical Plaza offers excellent visibility and accessibility. The property is fully leased with a strong tenant mix, ensuring a stable and attractive investment opportunity in one of Nevada’s most sought-after medical hubs.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Property Subtype
Medical
Building Size
41,676 SF
Building Class
B
Year Built
1992
Price
$8,687,500 CAD
Price Per SF
$208.45 CAD
Cap Rate
8.03%
NOI
$697,650 CAD
Percent Leased
91%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,892 SF
Slab To Slab
12’
Building FAR
1.37
Lot Size
0.70 AC
Zoning
Mixed-Use - Downtown Mixed Use Zoning
Parking
211 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Bus Line
- Signage
- Central Heating
- High Ceilings
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 179-18-503-002 | Improvements Assessment | $2,275,164 CAD |
| Land Assessment | $192,847 CAD | Total Assessment | $2,468,012 CAD |
Property Taxes
Parcel Number
179-18-503-002
Land Assessment
$192,847 CAD
Improvements Assessment
$2,275,164 CAD
Total Assessment
$2,468,012 CAD
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St. Rose Dominican Medical Plaza | 98 E Lake Mead Pky
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