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1120 Shadow Ln 10,000 SF Office Building Las Vegas, NV 89102 $3,764,000 ($376.40/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- INSTITUTIONAL MEDICAL DISTRICT LOCATION: Property is positioned in core of Las Vegas Medical District directly across UMC and UNLV School of Medicine.
- MISSION-CRITICAL OUTPATIENT FACILITY: Location serves as CrossRoads' dedicated outpatient treatment center.
- TAX-FREE STATE: Nevada is a tax-free state.
- NEW 10-YEAR LEASE AT CLOSE OF ESCROW: Tenant will execute an early 10-year lease extension with the sale of the building.
- MARKET-LEADING, SCALED OPERATOR: With 3 facilities, 300 beds, and thousands of patients treated annually, CrossRoads is a dominant healthcare provider
EXECUTIVE SUMMARY
LINK TO OM: https://logiccre.com/1031_properties/1120-shadow-ln-las-vegas/
1120 Shadow Lane is a ±10,000 square foot medical office building situated on ±0.90 acres within the Las Vegas Medical District. Built in 2000, the Property sits just across Charleston Blvd. from the University Medical Center of Southern Nevada, a 541-bed hospital and the region's leading leaching and trauma facility. The building is 100% occupied by CrossRoads of Southern Nevada, a well-established drug and alcohol rehabilitation care provider, who will execute an early 10 year lease extension in conjunction with the sale of the building. This location serves as CrossRoads' outpatient services center, while their main inpatient operations are located at 2121 W. Charleston Blvd. This location employs about 75 employees between licensed therapists, techs, clerical, claims, and more. A daily patient flow of 200-300 participate in group and/or individual therapy.
The Property benefits from its prime location within the medical district, offering strong synergy with nearby hospitals. clinics, and specialty care providers. Its proximity to UMC provides excellent accessibility and a consistent flow of medical-related traffic, making it ideally suited for healthcare and outpatient uses. With stable tenancy and a location at the core of Las Vegas' healthcare hub, 1120 Shadow Lane represents a highly desirable medical office investment opportunity.
LINK TO OM: https://logiccre.com/1031_properties/1120-shadow-ln-las-vegas/
1120 Shadow Lane is a ±10,000 square foot medical office building situated on ±0.90 acres within the Las Vegas Medical District. Built in 2000, the Property sits just across Charleston Blvd. from the University Medical Center of Southern Nevada, a 541-bed hospital and the region's leading leaching and trauma facility. The building is 100% occupied by CrossRoads of Southern Nevada, a well-established drug and alcohol rehabilitation care provider, who will execute an early 10 year lease extension in conjunction with the sale of the building. This location serves as CrossRoads' outpatient services center, while their main inpatient operations are located at 2121 W. Charleston Blvd. This location employs about 75 employees between licensed therapists, techs, clerical, claims, and more. A daily patient flow of 200-300 participate in group and/or individual therapy.
The Property benefits from its prime location within the medical district, offering strong synergy with nearby hospitals. clinics, and specialty care providers. Its proximity to UMC provides excellent accessibility and a consistent flow of medical-related traffic, making it ideally suited for healthcare and outpatient uses. With stable tenancy and a location at the core of Las Vegas' healthcare hub, 1120 Shadow Lane represents a highly desirable medical office investment opportunity.
LINK TO OM: https://logiccre.com/1031_properties/1120-shadow-ln-las-vegas/
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
B
Year Built
2000
Price
$3,764,000
Price Per SF
$376.40
Cap Rate
6%
NOI
$225,840
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,000 SF
Building FAR
0.26
Lot Size
0.90 AC
Zoning
T4-C
Parking
51 Spaces (5.1 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CrossRoads of Southern Nevada
- -
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CrossRoads of Southern Nevada | - | 99,999 SF | - | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 162-04-112-004 | Improvements Assessment | $279,716 |
| Land Assessment | $252,474 | Total Assessment | $532,190 |
PROPERTY TAXES
Parcel Number
162-04-112-004
Land Assessment
$252,474
Improvements Assessment
$279,716
Total Assessment
$532,190
CONTACTS
-
Cathy Jones -
Allyson Weber -
Paul Miachika -
Blaze Katz -
Kimberly Boyle -
Logic Commercial Real Estate
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