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2850 S Jones Blvd 2,479 SF Office Condo Unit Offered at $950,000 in Las Vegas, NV 89146
Executive Summary
Situated in the established Spring Valley submarket of Las Vegas, the property boasts high daytime population and positive growth trends, ensuring sustained tenant demand. Benefit from a prime location along South Jones Boulevard, surrounded by strong residential density, nearby employment centers, and major transportation corridors for convenience. Ideal for an 1031 buyer seeking a secure income stream, this office condominium with two renewal options is a prime asset in a thriving commercial hub.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Sale Leaseback |
| Cap Rate | 6.48% | APN/Parcel ID | 163-12-210-019, 163-12-210-018 |
| No. Parking Spaces | 5 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.48% |
| No. Parking Spaces | 5 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 163-12-210-019, 163-12-210-018 |
Description
This property features 7 Private offices, 1 conference room, bullpen, kitchenette, storage room and 2 bathrooms.
Parking: 5 covered assigned stalls.
Parking: 5 covered assigned stalls.
Sale Notes
Office Condominium at 2850 S. Jones Blvd, Las Vegas, NV 89146
Presenting this lucrative investment opportunity in the heart of Las Vegas! This single-tenant office condominium offers a long-term NNN lease structure with built-in annual rent increases, ensuring a strong return on investment. Tenant manages a chain of 8 restaurants across 5 states. They have been leasing at this location for over 5 years.
Owner occupiers welcome - current tenant is willing vacate the property with a 90 day notice given by the purchaser.
Presenting this lucrative investment opportunity in the heart of Las Vegas! This single-tenant office condominium offers a long-term NNN lease structure with built-in annual rent increases, ensuring a strong return on investment. Tenant manages a chain of 8 restaurants across 5 states. They have been leasing at this location for over 5 years.
Owner occupiers welcome - current tenant is willing vacate the property with a 90 day notice given by the purchaser.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 2,479 SF | Office | $950,000 ($383.22/SF) | $61,544 |
Unit 2
| Unit Size |
| 2,479 SF |
| Condo Use |
| Office |
| Price |
| $950,000 ($383.22/SF) |
| NOI |
| $61,544 |
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Unit 2
| Unit Size | 2,479 SF |
| Condo Use | Office |
| Price | $950,000 ($383.22/SF) |
| NOI | $61,544 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.48% |
| No. Parking Spaces | 5 |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
| APN/Parcel ID | 163-12-210-019, 163-12-210-018 |
| Description | |
| This property features 7 Private offices, 1 conference room, bullpen, kitchenette, storage room and 2 bathrooms. <br> <br> Parking: 5 covered assigned stalls.</li></ul> | |
| Sale Notes | |
| Office Condominium at 2850 S. Jones Blvd, Las Vegas, NV 89146<br> Presenting this lucrative investment opportunity in the heart of Las Vegas! This single-tenant office condominium offers a long-term NNN lease structure with built-in annual rent increases, ensuring a strong return on investment. Tenant manages a chain of 8 restaurants across 5 states. They have been leasing at this location for over 5 years.<br> <br> Owner occupiers welcome - current tenant is willing vacate the property with a 90 day notice given by the purchaser.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,479 SF | Typical Floor Size | 2,479 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Building Class | B | Lot Size | 0.12 AC |
| Floors | 1 | Parking Ratio | 4.03/1,000 SF |
| Zoning | CP | ||
| Total Building Size | 2,479 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,479 SF |
| Year Built | 2004 |
| Lot Size | 0.12 AC |
| Parking Ratio | 4.03/1,000 SF |
| Zoning | CP |
Amenities
- 24 Hour Access
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| RUN Hargett RUN, LLC |
2,479 SF
|
December 2030
|
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Contact the Sale Advisor
2850 S Jones Blvd