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

Office Property For Sale

STATE OF NEVADA WELFARE & SUPPORTIVE SERVICES

3120 E DESERT INN RD., Las Vegas, NV 89121

Price:
$2,295,000
Building Size:
20,000 SF
Price/SF:
$114.75
Property Type:
Office
Property Sub-type:
Institutional/ Governmental
Additional Sub-types:
R&D
Office-R&D
Day Care Facility/ Nursery
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.20%
Occupancy:
100%
No. Stories:
2
Building Class:
C
Tenancy:
Single
Year Built:
1986
Lot Size:
40,075 SF
Tax ID / APN #:
162-12-801-005/ 162-13-501-003
Find Out More...

Last Verified 11/16/2009 Listing ID 16425649

Highlights

STATE OF NEVADA - CURRENT TENANT--- POTENTIAL RENEW/RERENT/USER OPTIONS
PURCHASE INCLUDES UNIMPROVED LOT .48 ACRE ON ACCEPTABLE PRICE
APPX 1764 SF OF UNIMPROVED SPACE( CURRENTLY USED FOR STORAGE)

STATE OF NEVADA HAS OCCUPIED SINCE 1994/ALL INFO PER SELLER/APPRAISAL
RECENT RENOVATION 1999/UPGRADED IN 2003/WELL MAINTAINED PROPERTY
LOCAL PROFESSIONALLY MANAGEMENT AS INVESTMENT/ OR USER TYPE PROPERTY

Description

Aprx 20,000 sqft, 2 story office Blding; includes aprx 1,764 SqFt of unfinished office space on .92+- acres. Included in purchase is an additional unimproved lot across the street aprx .48 acres. Renovated around 1999 and upgraded in 2003. Zoned C-1(Local Business). Currently occupied by the State of Nevada; lease thru June 2010 with Mo-Mo options. Perfect opportunity for potential renewal or re-rent potential to other single user or multiple users. Tremendous upside potential: church, School, offices, R&D, etc. Call for more information and other interior pics and data. A complete Executive Summary is in process. For serious buyers, please call to set up on site visit. We suggest a drive by and review of financial information first. Taxes in Las Vegas will remain the same (Nevada is a replacement value state). All information is provided by the owner. We do not make any representations, guarantees, or warranties as to the accuracy of the information. It is your responsibility to verify its completeness and accuracy.

LOCATED BETWEEN MCLEOD DR AND MOJAVE SO HWY 15 AND WEST E93 WITH ACCESS OFF DESERT INN RD AND ADDITIONAL ACROSS STREET FOR ADDITIONAL UNIMPROVED PARCEL /PARKING AT 3055 E DESERT INN RD

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$278,347
Effective Gross Income
$278,347
Operating Expenses
$88,470
Net Operating Income
$189,877

Tenant	SF Occupied	Lease Expired
STATE OF NEVADA	20,000	6/1/2010
INCLUDES APPX 1784 SF UNIMPROVED

Map of 3120 E DESERT INN RD., Las Vegas, NV 89121 (Clark County)

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Presented by

VIKING INT'L INVESTMENT R.E. & FINANCIAL

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Contact Listing Broker

JOHN ZARVOS (949) 252-2120

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Created 10/8/2009

Additional Information for 3120 E Desert Inn Road, Las Vegas, NV 89121

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 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.

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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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Office Property For Sale - STATE OF NEVADA WELFARE & SUPPORTIVE SERVICES

3120 E DESERT INN RD., Las Vegas, NV, 89121