3445 W Craig Rd
North Las Vegas, NV 89032
Office Property For Sale

INVESTMENT OPPORTUNITY Excellent investment property, 100% leased. Offered at $485,000 ($102/SF--less than replacement cost). 8.02% cap rate on current rents ($38,891 NOI). Tenant to vacate July 31, 2018. Landlord is currently searching for new long-term tenant(s) to sign NNN lease. PROPERTY DESCRIPTION Subject property is a single-story, stand-alone building located in the well-maintained Northern Vistas Business Park. Constructed in 2004, it is in excellent condition. Building inspection in April (2018) revealed no sturctural, mechanical or other issues and the roof and five roof-top A/C units are in excellent working condition. The building currently has one tenant, though it is demised into as many as five seaparate offices (depending on the tenants' uses). There is ample, non-assigned parking for the building, and covered parking available. Excellent signage with pylon sign on W. Craig Rd. and additional signage on building. The business park consists of 10 buildings located on more than four well-landscaped acres, giving it a spacious, relaxed feel. It is directly across from a Smith's grocery-store-anchored shopping center with direct access between the two centers. West Craig Road sees a traffic count of more than 35,000 vehicles daily, giving the center excellent exposure. It is surrounded by both retail centers and residential neighborhoods, giving it an excellent location and easy access. AREA DESCRIPTION The subject property is on the highly-traveled W. Craig Rd. business corridor. Ideally located minutes from I-95 to the west, I-15 to the east, and I-215 to the north, this section of W. Craig Rd. has an average traffic count greater than 35,000 vehicles per day. Furthermore, it is located on RTC's public transit route, with a stop in front of the business park. Additionally, W. Craig Rd. is beautifully divided with landscaped medians and three lanes of traffic in each direction, enhancing the professional and aesthetic appeal of the business park. The subject property is a single-story, stand-alone building. It is located in the Northern Vistas Business Park, consisting of 10 buildings with more than 72,000 square feet of office space on 4.29 acres. The business park sits immediately west of the Smith's-anchored shopping center with direct access between the two centers. The area demographics offers a strong profile for the property's intended use with excellent support from a diverse mix of commercial uses and residential neighborhoods surrounding the business park. Additionally, North Las Vegas is one of the fastest growing commercial real estate markets in Nevada, with Amazon adding a new 800,000-square-foot fulfillment center, creating more than 1,000 new full-time jobs.