Highlights

• PRICE HAS BEEN REDUCED
• TOTAL COMMISSION HAS BEEN INCREASED TO 4.0%
• Priced Below Replacement Cost

• Below Market Rental Rates

Description

Bring ALL offers. Seller is motivated to move this property. Currently 73% occupied and is a 6.43% cap rate on actual numbers. Proforma Cap rate is well over a 9.50%.

The newly completed Hacienda Avenue overpass provides convenient access to the Las Vegas Strip , which will attract tenants that provide goods and services to the demanding area. The property enjoys high visibility with approximately 134,600 vehicles Hacienda Gardens is located in the Southwest submarket in a major office and industrial corridor. The two-story building was built in 1989 and 1992; the property is constructed of concrete slab on grade foundation with concrete block, and flat roof with built-up composition shingle.
driving in the area daily and offer several bus routes within the vicinity. Hacienda Gardens is easily accessible by I-15, I-215 Beltway and Las Vegas Boulevard. The property enjoys favorable demographics, within a five mile radius, with a total population of 314,574 and an average annual household income of $62,736. The Orleans Hotel and Casino is located just two blocks north of the property, and is part of Coast Casinos, a large chain of hotel- casinos in Southern Nevada.