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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.
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 12 |
| Cap Rate | 5.31% |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| 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
Medical Office Condo
2020 Construction
Rainbow Boulevard & 215 Frontage
Credit Tenant
11 years remaining on existing lease
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 200 & 250 | 7,598 SF | Office/Medical | $4,000,000 ($526.45/SF) | $212,504 |
Unit 200 & 250
| Unit Size |
| 7,598 SF |
| Condo Use |
| Office/Medical |
| Price |
| $4,000,000 ($526.45/SF) |
| NOI |
| $212,504 |
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Unit 200 & 250
| Unit Size | 7,598 SF |
| Condo Use | Office/Medical |
| Price | $4,000,000 ($526.45/SF) |
| NOI | $212,504 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| 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.</li></ul> | |
| Sale Notes | |
| NNN Investment<br> Medical Office Condo<br> 2020 Construction<br> Rainbow Boulevard & 215 Frontage<br> Credit Tenant <br> 11 years remaining on existing lease</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| NuMale Medical |
99,999 SF SF
|
Jan 0000
|
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6590 S Rainbow Blvd
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