This Office Property is Off-Market.

101 Convention Center Dr.
Las Vegas, NV 89109 ·

30,369 SF · Office For Sale

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101 Convention Center Drive

Price N/A Occupancy 40%
Building Size 30,369 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1977
Property Use Type Investment Lot Size 3.30 SF
Distressed Yes APN / Parcel ID 162-09-805-017
Commission Split 0.5% Parking Ratio 3.84 / 1,000 SF
Cap Rate 6.54%
Listing ID: 17278677 Date Created: 08/05/2011 Last Updated: 01/04/2012

Description

CB Richard Ellis is the exclusive broker for 101 Convention Center Drive; an excellent opportunity for an investor to acquire a Class B 306,369 square foot office property. The property consists of two (2) office buildings; a two-story plaza component with 104,524 square feet of office space and a twelve-story office tower with 201,845 square feet situated on 3.30 acres of land.

The property is centrally located with immediate access to the Las Vegas Convention Center and Las Vegas Strip. The population base within a 5-mile radius of the property exceeds 450,000 residents.

Highlights

  • Offer Deadline August 25, 2011
  • Lender Authorized Short Sale
  • Offered well below replacement cost
  • Central location with immediate access to the Las Vegas Convention Center
  • Represents the only high-rise office building in the trade area with large contiguous floors
  • Structured/covered parking is an unusual feature for this product class and is appealing to tennats

Research

101 Convention Center Dr., Las Vegas, NV 89109 (Clark County)

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