3061 & 3081 BUSINESS LANE LAS VEGAS, NV 89103 · 2020. 12. 11. · Monthly CAM/NNN: $0.08 PSF or $630.00 3081 BUSINESS LANE • Centrally located with close proximity to the Las Vegas

±15,730 TOTAL SF

3061 & 3081 BUSINESS LANELAS VEGAS, NV 89103

TWO 100% LEASED SINGLE TENANT INDUSTRIAL BUILDINGSOR POTENTIAL OWNER/USER OPPORTUNITY

3081 BUSINESS LANE

3061 BUSINESS LANE

3061 & 3081 BUSINESS LANE | LAS VEGAS, NV 89103INVESTMENT HIGHLIGHTS

$3,460,000 15,730 SF 4.24%$220/SFASKING PRICE TOTAL SIZE

100%PRICE/SF CAP RATE OCCUPANCY

• Excellent opportunity to acquire single-tenant industrial buildings

• Immediate potential for NOI upside due to below market rent at 3061 Business Lane

• Potential for an owner/user to occupy 3061 Business Lane with upcoming lease expiration

• Potential for future re-development play – Planned land use is “Commercial Tourist” which allows for a variety of commercial uses/developments

• Irreplaceable location next to the heart of the resort corridor and the new Raider’s Stadium

ALLEGIANT STADIUM

3081 BUSINESS LANE

3061 BUSINESS LANE

W. HARMON AVE.

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Property Features

PROPERTY HIGHLIGHTS

Building Size: ±7,860 SF

Office Area: ±1,000 SF

Clear Height: 18’

Loading: 2 Grade Level Doors

Sprinklers: No

Yard: Potential Secured Yard

Year Built: 1984

Zoning: M-1 (Light Manufacturing)

Planned Land Use: C-T (Commercial Tourist)

3061 BUSINESS LANE

Lease DetailsTenant: Wand Fight Team

Lease Expiration: 4/30/2021

Monthly In-place Rent: $0.74 PSF or $5,796.37

Monthly CAM/NNN: $0.08 PSF or $630.00

Property FeaturesBuilding Size: ±7,870 SF (100% HVAC)

Office Area: ±3,070 SF

Clear Height: 18’

Loading: 2 Grade Level Doors

Sprinklers: No

Yard: Small Secured Yard

Year Built: 1984

Zoning: M-1 (Light Manufacturing)

Planned Land Use: C-T (Commercial Tourist)

Lease DetailsTenant: Pawsh Palace

Lease Expiration: 11/30/2023

Escalations: 3% Annually

Monthly In-place Rent: $0.82 PSF or $6,449.83

Monthly CAM/NNN: $0.08 PSF or $630.00

3081 BUSINESS LANE

• Centrally located with close proximity to the Las Vegas Strip, convention facilities, the new Raiders Stadium and T-Mobile Arena

• Immediate access to the I-15 Freeway via Flamingo Rd. or Tropicana Ave.

• Immediate access to the Las Vegas Strip via Harmon Rd. Overpass

• Direct access to recently completed Harmon Rd. & Valley View Overpass

LOCATION HIGHLIGHTS3061 & 3081 BUSINESS LANE | LAS VEGAS, NV 89103

3061 BUSINESS LANE

ALLEGIANT STADIUMT-MOBILE

ARENA

15

DE

AN

MA

RTI

N D

R.

HARMON OVERPASS

TROPICANA AVE.

• Centrally located with close proximity to the Las Vegas Strip, convention facilities, the new Raiders Stadium and T-Mobile Arena

• Immediate access to the I-15 Freeway via Flamingo Rd. or Tropicana Ave.

• Immediate access to the Las Vegas Strip via Harmon Rd. Overpass

• Direct access to recently completed Harmon Rd. & Valley View Overpass

LOCATION HIGHLIGHTS3061 & 3081 BUSINESS LANE | LAS VEGAS, NV 89103

FLAMINGO RD.

3061 BUSINESS LANE3081 BUSINESS LANE

W. H

AR

MO

NA

VE.

NEW HARMON /

VALLEY VIEW O

VERPASS

THARALDSON ASSEMBLAGE

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SITE PLAN3061 & 3081 BUSINESS LANE | LAS VEGAS, NV 89103

3061 BUSINESS LANE3081 BUSINESS LANE

W. HARMON AVE.

BUSINESS LANE

JERRY LEWIS WAY

ALD

EBA

RA

N A

VE.

FLOOR PLANS3061 & 3081 BUSINESS LANE | LAS VEGAS, NV 89103

3081 BUSINESS LANE3061 BUSINESS LANE

SECUREDYARD

PARKING

DR

IVE

WA

Y

WAREHOUSE

WAREHOUSE

PARKING

POTENTIALSECURED

YARD

OFFICE

CLICK TO VIEW INTERIOR PHOTOS3061 BUSINESS LANE

CLICK TO VIEW INTERIOR PHOTOS3081 BUSINESS LANE

https://www.facebook.com/pg/wandfightteamgym/photos/?tab=album&album_id=1091168534252051&ref=page_internalhttps://www.pawshpalacelv.com/virtual-tour

ZAC ZAHERDirector+1 702 605 [email protected] #BS.0143683

©2020 Cushman & Wakefield. All rights reserved. The material in this presentation has been prepared solely for information purposes, and is strictly confidential. Any disclosure, use, copying or circulation of this presentation (or the information contained within it) is strictly prohibited, unless you have obtained Cushman & Wakefield’s prior written consent. The views expressed in this presentation are the views of the author and do not necessarily reflect the views of Cushman & Wakefield. Neither this presentation nor any part of it shall form the basis of, or be relied upon in connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. NO REPRESENTATION OR WARRANTY IS GIVEN, EXPRESS OR IMPLIED, AS TO THE ACCURACY OF THE INFORMATION CONTAINED WITHIN THIS PRESENTATION, AND CUSHMAN & WAKEFIELD IS UNDER NO OBLIGATION TO SUBSEQUENTLY CORRECT IT IN THE EVENT OF ERRORS.

FOR MORE INFORMATION, CONTACT:

ALMA CUEVASDirector+1 702 688 [email protected] #S.0180089.LLC

JASON GRIFFISDirector+1 702 688 [email protected] #S.0178374

6725 Via Austi Pkwy., Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920cushmanwakefield.com

3081 BUSINESS LANE3061 BUSINESS LANE

15

FLAMINGO RD.