Highlights

• Class A, 131,000 square foot Medical/Professional Office Building with Freeway Visible Signage
• Assumable Financing at 81% of Purchase Price with Below Market Interest Rate of 5.51% through 2016
• Serves Two of the Major Hospitals in Greater Las Vegas

• Serves the Largest Master Planned Community in Las Vegas - Summerlin - 22,000 Acres
• One of the Highest Income and Oldest Age Demographic in the City - Ideal for Medical Use
• 10 Year LIRR of 17.6% and an average Cash-on-Cash Return of over 10%

Description

ASSUMABLE FINANCING AT OVER 80% OF PRICE THROUGH 2016, OVER 10% CASH ON CASH RETURN, CLASS A, SERVES 2 TOP HOSPITALS, SUPERIOR LOCATION. Longford Medical Center is a four-story, 131,000 square foot, Class A medical/professional office building constructed in 2005. Longford Medical Center features a three-story parking structure connected to the building via an enclosed walkway, providing tenants and visitors with convenient, climate controlled access to the building. The building has an over standard parking ratio at +/- 6 spaces per 1,000 square feet, providing abundant parking for visitors and for the medical practices. The building was constructed to accommodate 100% medical tenancy. The facility possesses tenant individually controlled HVAC, 3 phase power with step down transformers to each suite, tenant controlled janitorial services and extended building hours.

Longford Medical Center serves two of the leading hospitals in Las Vegas, with one of the hospitals being one of the highest producing hospitals per bed for UHS nationwide. LMC is uniquely positioned in the highly desirable northwest area, Summerlin, a 22,000 acre master planned community with a higher income and more mature demographic than other areas of Las Vegas. While being located in close proximity to the two leading hospitals, LMC offers the benefits to medical practices of being off-campus. Therefore, doctors have the flexibility of adding additional services (i.e. MRI) without having on-campus hospital covenant restrictions. LMC has immediate freeway access via the Buffalo Drive interchange to the Summerlin Parkway and is within minutes of U.S. 95, one of the major freeways in Las Vegas. In addition, the building has the added benefit of both freeway visible building and pylon signage including a digital reader board.

Attachments

• Enhanced Listing Web Site