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215 Beltway & Stephanie Street 50 S Stephanie St 13,721 SF 100% Leased Office Building Henderson, NV 89012 $4,990,000 ($363.68/SF) 6.33% Cap Rate

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EXECUTIVE SUMMARY

Great investment opportunity. Building consists of two parcels (1st floor & second floor) which can be sold separately or combined. Conveniently located at the NE corner of Stephanie Street and Paseo Verde Pkwy, just one block south of 215 Beltway. Built in 2008 and renovated in 2014, this building is in good condition and well-maintained. The property features nice finishes, common area bathrooms, elevator, low maintenance common area landscaping, and abundant parking. This location is in close proximity to numerous restaurants, retail, hospitals, hotels, medical and office businesses, and affluent neighborhoods.
Current tenants include an online sales office, financial services, healthcare service, and law offices. Call for more information.

Brochure

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

1031 Exchange

Property Type

Office

Building Size

13,721 SF

Building Class

Year Built/Renovated

2008/2014

Price

$4,990,000

Price Per SF

$363.68

Cap Rate

6.33%

NOI

$315,748

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

6,861 SF

Slab To Slab

12’

Building FAR

0.09

Lot Size

3.46 AC

Zoning

CO - CO (Office Commercial). Zoned for medical & commercial office space.

Parking

59 Spaces (4.3 Spaces per 1,000 SF Leased)

24 Hour Access

Signage

Air Conditioning

Balcony

MAJOR TENANTS

Real Estate
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Founded by Joseph DeSimone Jr. in 1996, First Federal Realty DeSimone provides extraordinary real estate services in the Southern Nevada marketplace. As a development, brokerage, and real estate investment firm, First Federal provides clients and investors with premier representation and maintains a reputation of achieving exceptional results. In the commercial real estate marketplace, First Federal Realty DeSimone specializes in development, sales, and leasing—both as principals and brokers. Over the years, clients have entrusted our professionals to craft a commercial portfolio from start to finish. As project developers, First Federal Realty DeSimone has completed more than six professional office complexes incorporating community needs analysis, financing, public-private partnerships, site selection analysis and acquisition, feasibility studies, municipal approvals, architectural design, supervision, lease and sale procurement, and property management.