Historical Industrial Sale Listing - Affordable Self Storage

Industrial For Sale

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Affordable Self Storage

3333 Meade Avenue, Las Vegas, NV 89102

N/A

62,230 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
62,230 SF
Property Type:
Industrial
Property Sub-type:
Self/Mini-Storage Facility
Additional Sub-types:
Multifamily (land)
Commercial/ Other (land)
Mid/High-Rise
Property Use Type:
Investment
No. Stories:
1
Tenancy:
Multiple
Year Built:
1978
Lot Size:
3.19 AC
APN / Parcel ID:
162-08-303-003
Listing ID
15271413
Last Updated
over 1 year ago

Description

Ownership in one of Las Vegas' most exciting submarkets and just minutes from the famed Las Vegas Strip . This property is in the middle of Las Vegas' next economic boom which make it a prime location to service strip casinos as well as the thousands of new and existing apartment and condo residents who live in the area. In addition, in December of 2006 Station Casinos announced that they were planning to build a massive mixed-use development in the vicinity of the property.

Investment Highlights:

Potential mixed-use or high-rise location
Large developer buying land in .5 mile radius from site for $83 PSF
Upside in lease-up - current owner has raised occupancy 60% in 2 years (72% as of Dec. 2007)
Central location, minutes from the "Strip"
Industrial area - vacancy in smaller units - reconfiguration to larger units will promote lease-up
New financing available
High occupancy submarket
Office/flex tenant income (100% occupied)
Rents below market

Property Highlights:

All single story, drive-up units
New large illuminated street sign
Newly sealed asphalt throughout
Recently repainted with acrylic paint
New automatic g

Ownership in one of Las Vegas' most exciting submarkets and just minutes from the famed Las Vegas Strip . This property is in the middle of Las Vegas' next economic boom which make it a prime location to service strip casinos as well as the thousands of new and existing apartment and condo residents who live in the area. In addition, in December of 2006 Station Casinos announced that they were planning to build a massive mixed-use development in the vicinity of the property.

Map of 3333 Meade Avenue, Las Vegas, NV 89102 (Clark County)

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