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Browse More Listings in Shopping Center For Sale, Las Vegas, NV or Nevada

Shopping Center - Off Market

Desert Breeze Plaza

8665 W. Flamingo, Las Vegas, NV 89147

Price:
N/A
Gross Leasable Area:
47,492 SF
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
7.65%
Tenancy:
Multiple

Last Verified 6/24/2009 Listing ID 15963142

Description

Desert Breeze is a neighborhood, retail-shopping center located in the southwest quadrant of the Las Vegas Valley at Durango Drive and Flamingo. The Property was built in 1998, and is currently 92% occupied. Average rent in this property are only $1.58 psf, well below the sub market. All leases are NNN providing ownership with protection from potentially higher operating cost. All leases contain annual or fixed rental escalators of 3%-7%. There is an assumable loan in place, at 5.521% int only and fixed until 2015.

Map of 8665 W. Flamingo, Las Vegas, NV 89147 (Clark County)

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Created 10/28/2008

Additional Information for 8665 W Flamingo Road, Las Vegas, NV 89147

Active For Sale - 0 Listing
Active For Lease - 1 Listing
Previously Listed - 6 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 8665 W. Flamingo, Las Vegas, NV 89147

Nearby Shopping Center properties for saleSearch all commercial real estate for sale

Paradise Marketplace
$12,225,000
78,100 SF
PIAZZA MIA CENTER
$3,990,000
22,110 SF
FLAMINGO JONES SHOPPING CENTER
$15,000,000
33,746 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Hualapai Plaza
$2.25/SF/Month
1,500 SF
Boulder Crossroads -Wal-Mart Supercenter Anchor
$2.25 - $3.50/SF/Month
1,200 - 5,500 SF
Retail Vanilla Shell
$1.35/SF/Month
1,300 SF
Paradise Marketplace
Negotiable
1,400 - 4,000 SF
SANDHILL SQUARE SHOPPING CTR
Negotiable
1,525 - 3,515 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Strip Center
Sold 2Q 2006
Strip Center
Sold 3Q 2008
Strip Center
Sold 1Q 2005
Strip Center
Sold 2Q 2007
Strip Center
Sold 3Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Desert Breeze Plaza

8665 W. Flamingo, Las Vegas, NV, 89147