This Industrial Property is Off-Market.

3333 Meade Avenue
Las Vegas, NV 89102 ·

62,230 SF · Industrial For Sale

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Affordable Self Storage

Price N/A No. Stories 1
Building Size 62,230 SF Tenancy Multiple
Property Type Industrial Year Built 1978
Property Sub-type
Self/Mini-Storage Facility
More...
  • Multifamily (land)
  • Commercial/ Other (land)
  • Mid/High-Rise
Lot Size 3.19 AC
Property Use Type Investment APN / Parcel ID 162-08-303-003
Listing ID: 15271413 Date Created: 08/03/2007 Last Updated: 03/05/2008

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.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Las Vegas Market Trends - Asking price index trends, sale price trends, asking rent trends

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