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Brookhollow Eastern Plaza 2 Office Properties in Las Vegas, NV
INVESTMENT HIGHLIGHTS
- Stabilized Multi-Tenant Office Opportunity with Upside
- Retail-Abundant Las Vegas Location with Eastern Ave. Frontage
- Diversified, Low-Risk Rent Roll with Stable Cash Flow
EXECUTIVE SUMMARY
Stabilized Multi-Tenant Office Opportunity with Upside
* Projected 100% occupancy provides immediate stable cash flow with no current vacancy risk. Existing rents are ±7.15% below market, offering immediate upside potential for a new owner.
* The property, given the average tenant size of ±1,380 SF, operates like an apartment complex with very little capital required for re-leasing. The average TI cost over the previous 5 years is $4.00/SF.
* Exceptionally maintained low-rise office building with attractive curb appeal and diversified tenant mix of medical, legal and professional tenants.
Diversified, Low-Risk Rent Roll with Stable Cash Flow
* Multiple tenants have remained in the property for 5+ years.
* Strong in-place cash flow with income growth. Existing rent roll offers an attractive income stream with annual increases between 3.00% - 4.00%.
* Five leases were signed in the last year, reflecting strong leasing velocity at the property.
Retail-Abundant Las Vegas Location with Eastern Ave. Frontage
* Excellent location conveniently located less than one mile from CC-215 beltway and approximately 5 miles from Harry Reid International Airport.
* 2024 average annual daily traffic counts for CC-215 at Eastern was 140,300 vehicles.
* Located in an established corridor surrounded by an abundance of retail, quick-serve and sit-down restaurants, fitness, financial institutions and resort casino hotels. The properties enjoy this host of nearby amenities while residing in the less congested area north of CC-215.
* Projected 100% occupancy provides immediate stable cash flow with no current vacancy risk. Existing rents are ±7.15% below market, offering immediate upside potential for a new owner.
* The property, given the average tenant size of ±1,380 SF, operates like an apartment complex with very little capital required for re-leasing. The average TI cost over the previous 5 years is $4.00/SF.
* Exceptionally maintained low-rise office building with attractive curb appeal and diversified tenant mix of medical, legal and professional tenants.
Diversified, Low-Risk Rent Roll with Stable Cash Flow
* Multiple tenants have remained in the property for 5+ years.
* Strong in-place cash flow with income growth. Existing rent roll offers an attractive income stream with annual increases between 3.00% - 4.00%.
* Five leases were signed in the last year, reflecting strong leasing velocity at the property.
Retail-Abundant Las Vegas Location with Eastern Ave. Frontage
* Excellent location conveniently located less than one mile from CC-215 beltway and approximately 5 miles from Harry Reid International Airport.
* 2024 average annual daily traffic counts for CC-215 at Eastern was 140,300 vehicles.
* Located in an established corridor surrounded by an abundance of retail, quick-serve and sit-down restaurants, fitness, financial institutions and resort casino hotels. The properties enjoy this host of nearby amenities while residing in the less congested area north of CC-215.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 28,241 SF |
| Number of Properties | 2 | Total Land Area | 2.10 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 28,241 SF |
| Total Land Area | 2.10 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Brookhollow Eastern Plaza
8560 S Eastern Ave, Las Vegas, NV 89123 |
Office | 14,181 SF | 2001 | - |
| 8540 S Eastern Ave, Las Vegas, NV 89123 | Office | 14,060 SF | 2001 | - |
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Brookhollow Eastern Plaza
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