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6590 S Rainbow Blvd 7,598 SF Office/Medical Condo Unit Offered at $4,000,000 in Las Vegas, NV 89118
Executive Summary
Great investment opportunity. Office condo in newer building, constructed in 2020 with credit tenant in place. Approximately 11 years remaining on existing lease. NOI over $200k annually with rent escalations each year. Expense increases pass through to tenant per lease agreement.
Data Room Click Here to Access
Property Facts
| Total Building Size | 26,274 SF | Typical Floor Size | 13,138 SF |
| Property Type | Office (Condo) | Year Built | 2020 |
| Building Class | A | Lot Size | 2.42 AC |
| Floors | 2 | Parking Ratio | 5/1,000 SF |
| Zoning | R-E | ||
| Total Building Size | 26,274 SF |
| Property Type | Office (Condo) |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 13,138 SF |
| Year Built | 2020 |
| Lot Size | 2.42 AC |
| Parking Ratio | 5/1,000 SF |
| Zoning | R-E |
Amenities
- 24 Hour Access
- Security System
- Central Heating
- Reception
- Drop Ceiling
- Air Conditioning
1 Unit Available
Unit 200 & 250
| Unit Size | 7,598 SF | Sale Type | Investment |
| Price | $4,000,000 | Cap Rate | 5.31% |
| Price Per SF | $526.45 | NOI | $212,504 |
| Condo Use | Office/Medical | No. Parking Spaces | 12 |
| Unit Size | 7,598 SF |
| Price | $4,000,000 |
| Price Per SF | $526.45 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| NOI | $212,504 |
| No. Parking Spaces | 12 |
Description
Great investment opportunity. Office condo in newer building, constructed in 2020 with credit tenant in place. Approximately 11 years remaining on existing lease. NOI over $200k annually with rent escalations each year. Expense increases pass through to tenant per lease agreement.
Sale Notes
NNN Investment
Medical Office Condo
2020 Construction
Rainbow Boulevard & 215 Frontage
Credit Tenant
11 years remaining on existing lease
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| NuMale Medical |
99,999 SF SF
|
Jan 0000
|
Presented by
6590 S Rainbow Blvd
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