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Spencer Airport Center 1863 Helm Dr 17,910 SF Industrial Building Las Vegas, NV 89119 $3,950,000 ($220.55/SF)
Investment Highlights
- ±17,610 SF total ±6,454 SF office
- 2 grade doors, 1 dock high door
- 800A, 120/208 V, 4-wire, 3-phase power
- ±6,454 SF office
- 24' clear height
Executive Summary
CBRE, Inc. is pleased to present an opportunity to acquire a single-tenant NNN investment located in the desirable Airport Industrial submarket of Las Vegas, one of the top performing submarkets in Las Vegas. The offering consists of a 100% leased 17,910 SF flex/industrial building leased to a subsidiary of Lamar Media Corp., who has been an occupant of the building since 1999. The space includes ±6,454 SF of office, (2) grade level doors, (1) dock high door, 24' clear height, and 800 amps, 120/208 volt, 4-wire, 3-phase power.
Financial Summary:
Purchase Price: $3,950,000.00
Year 1 NOI (8/1/26-7/31/31): $225,971.08
Year 1 Cap Rate: 5.72%
Lease Term: 5 Years (8/1/2026-7/31/2031)
Base Rent Escalations: 3% Annually
Located in the desirable Airport Industrial submarket of Las Vegas. Immediate access to I-15 and I-215 freeways.
Financial Summary:
Purchase Price: $3,950,000.00
Year 1 NOI (8/1/26-7/31/31): $225,971.08
Year 1 Cap Rate: 5.72%
Lease Term: 5 Years (8/1/2026-7/31/2031)
Base Rent Escalations: 3% Annually
Located in the desirable Airport Industrial submarket of Las Vegas. Immediate access to I-15 and I-215 freeways.
Property Facts
| Price | $3,950,000 | No. Stories | 1 |
| Price Per SF | $220.55 | Year Built | 1999 |
| Sale Type | Investment NNN | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.35/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.03 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 17,910 SF | Opportunity Zone |
Yes
|
| Zoning | M-D | ||
| Price | $3,950,000 |
| Price Per SF | $220.55 |
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.03 AC |
| Rentable Building Area | 17,910 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Tenancy | Single |
| Parking Ratio | 2.35/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | M-D |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 177-02-610-006 | Improvements Assessment | $364,705 |
| Land Assessment | $259,107 | Total Assessment | $623,812 |
Property Taxes
Parcel Number
177-02-610-006
Land Assessment
$259,107
Improvements Assessment
$364,705
Total Assessment
$623,812
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Spencer Airport Center | 1863 Helm Dr
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