3300 N Cimarron Rd 29,545 SF Office Building Las Vegas, NV 89129 $6,957,000 ($235.47/SF) 8.25% Cap Rate

Cushman & Wakefield US, Inc. is pleased to present for acquisition, one fully leased office building located within Cheyenne Corporate Center; 3300 N. Cimarron Rd. (Building Five). Building Five is one of nine buildings located within a mixed-use campus consisting of office, medical office, and retail tenants, with a lease that expires in June, 2030.
The entire campus consists of ±321,245 square feet across nine parcels and is managed by a commercial association that controls the common areas. Therefore, minimal management is left to the owners of the building. Additional occupiers within the center are the State of Nevada Physical Therapy Board, Davita, and Dennett Winspear Attorneys at Law.
Building Five is 100% leased to TPx Communications for call center and training use, and represents an excellent investment opportunity priced well below replacement cost. Additionally, for more than 20 years, the tenant has also leased space in Building One. In total, the tenant leases 39,478sf in the Center and has an antenna at both properties and the use of a generator at Building One.
Medical drivers in the immediate vicinity include the ±425-bed MountainView Hospital (Sunrise Health System), and the Optum (United HealthGroup) multi-building campus.
Cheyenne Corporate Center has easy access to US-95 (one mile East) and I-215 (3.5 miles West) and is centrally located for the North, Northwest, and West trade areas.