Oquendo Business Park 5995 Edmond St 7,389 SF Office Building Las Vegas, NV 89118 $2,955,600 ($400/SF) 6.78% Cap Rate

5995 S Edmond St presents a rare opportunity to acquire a ±7,389 SF standalone flex office and laboratory building in the highly desirable Southwest Las Vegas submarket. Constructed in 2006 and located within Oquendo Office Park, the property is 100% leased to Angle Engineering, a long-term tenant that has continuously occupied the building since 2007, demonstrating operational stability and minimal turnover risk.
The investment features an absolute NNN lease structure, providing passive ownership with no landlord responsibilities. The lease includes 5% annual rent escalations, delivering consistent above-market income growth and a pro forma NOI of $200,527, resulting in a 6.78% cap rate at the asking price of $2,955,600.
Designed to support office, engineering, and laboratory users, the building offers modern infrastructure including high electrical capacity, robust data capabilities, and a well-maintained, turnkey interior. The property also features a strong parking ratio of 7.50:1,000 with six covered spaces, enhancing convenience for employees and visitors.
Strategically located with excellent access to major freeways and the broader Las Vegas valley, the property benefits from strong surrounding amenities and continued growth in the Southwest submarket, making it an ideal acquisition for investors seeking stable cash flow with built-in rent growth.