Geoffrey P. West +1 702 688 6936 [email protected]6725 Via Austi Pkwy., Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920 comre.com 955 GRIER DRIVE LAS VEGAS, NV 89119 AIRPORT SUBMARKET OWNER/USER BLDG WITH INCOME FOR SALE Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. OFFERING SUMMARY Cushman & Wakefield, as exclusive listing broker, is pleased to offer for sale 955 Grier Drive, a high-image office/warehouse building, located within the Hughes Airport Center in Las Vegas, NV. The convenient location in the Airport Submarket immediately adjacent to McCarran International Airport provides excellent access to the airport, the I-15 and I-215 freeways, the Las Vegas “Strip” and all convention facilities. The property consists of 4 units, two of which are leased generating $19,169/month in tenant income that includes NNN reimbursements for buyer. The other units would be great for either an owner/user or a tenant seeking to lease the spaces. • 5 (Five) Grade Doors • 1 (One) Inside Dock Well (filled) • 45% Occupied • Owner/User - Investment Property • $19,169/month in tenant income that includes NNN reimbursements • Approximately 1 1/2 years avg remaining lease terms plus options • Owner/user can occupy more than 51% as required for SBA financing (see attached) • Ability to reduce occupancy cost by almost 50% over leased space PROPERTY SUMMARY REDUCED ASKING PRICE: $6,485,000 Property Size: ±46,498 SF ($139/SF) Vacant Space: ±25,308 SF Site Size: ±3.42 acres Parking: 2.12/1,000 (±105 spaces) Zoning: Light Manufacturing (M-1) Year Built: 1986 Parcel Number: 177-03-510-010
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FR SAE 955 GRIER DRIVE - Utah, Nevada, Washington · 955 grier drive las vegas, nv 89119 ... r a d i s e r d 215 15 15 215 12 34 11 10 9 ... 955 grier dr. ±25,308 sf 9,474 sf off
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6725 Via Austi Pkwy.,Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920comre.com
955 GRIER DRIVELAS VEGAS, NV 89119
AIRPORT SUBMARKET OWNER/USER BLDG WITH INCOME
FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
OFFERING SUMMARYCushman & Wakefield, as exclusive listing broker, is pleased to offer for sale 955 Grier Drive, a high-image office/warehouse building, located within the Hughes Airport Center in Las Vegas, NV.
The convenient location in the Airport Submarket immediately adjacent to McCarran International Airport provides excellent access to the airport, the I-15 and I-215 freeways, the Las Vegas “Strip” and all convention facilities.
The property consists of 4 units, two of which are leased generating $19,169/month in tenant income that includes NNN reimbursements for buyer. The other units would be great for either an owner/user or a tenant seeking to lease the spaces.
• 5 (Five) Grade Doors• 1 (One) Inside Dock Well (filled)• 45% Occupied• Owner/User - Investment Property• $19,169/month in tenant income that includes NNN reimbursements• Approximately 1 1/2 years avg remaining lease terms plus options• Owner/user can occupy more than 51% as required for SBA financing
(see attached)• Ability to reduce occupancy cost by almost 50% over leased space
6725 Via Austi Pkwy.,Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920comre.com
955 GRIER DRIVELAS VEGAS, NV 89119
AIRPORT SUBMARKET OWNER/USER BLDG WITH INCOME
FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
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6725 Via Austi Pkwy.,Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920comre.com
955 GRIER DRIVELAS VEGAS, NV 89119
AIRPORT SUBMARKET OWNER/USER BLDG WITH INCOME
FOR SALE
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Business Development Officer: Guy GuginoOffice Phone: (702) 247-5358Cell Phone: (702) 498-9642Fax Number: (866) 469-5926Email Address: [email protected] Address: 6325 S Rainbow Blvd., Suite 230
Loan Amount $3,379,250 $2,775,040 $6,154,290Loan Rate (WF fixed rate for 25 years) 6.10% 4.76% 5.50%Loan Term (in years) 25 20Amortization Term (in years) 25 20
Monthly Payment $21,980 $17,948 $39,928
Monthly Occupancy Cost (P+I) $0.86 per sq ftAnnual Occupancy Cost (P+I) $10.30 per sq ft
This is not an offer or commitment to lend and is intended for discussion purposes only. All financing is subject to credit approval and determination of SBA eligibility by the Wells Fargo SBA Lending group and additional collateral may be required. The amounts provided are estimations and the actual fees, costs and monthly payment will vary depending on your specific loan transaction. The interest rate is dependent on the Wall Street Journal Prime and is subject to change.
This is not an offer or commitment to lend and is intended for discussion purposes only. All financing is subject to credit approval and determination of SBA eligibility by the Wells Fargo SBA Lending group and additional collateral may be required. The amounts provided are estimations and the actual fees, costs and monthly payment will vary depending on your specific loan transaction. The interest rate is dependent on the Wall Street Journal Prime and is subject to change.