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6889 S Eastern Ave - Bldg 14 3,538 - 4,964 SF Condo Units Offered at $1,400,000 - $2,100,000 Per Unit in Las Vegas, NV 89119
Investment Highlights
- 100% Occupied Investment Opportunity
- Two long term tenants: Unifi Aviation (Condo B) | Subway (Condo C)
- Surrounded by amenities
- Airport Submarket
- Minutes away from Harry Reid International Airport, the Las Vegas Strip, and Town Square
Executive Summary
MDL Group is pleased to present Palm Court located at 6889 S. Eastern Ave. (the Property). This 100% occupied investment opportunity is situated in a prime location right off the intersection of S. Eastern Ave. and E. Sunset Rd. with a combined traffic count of ±70,500 VPD (vehicles per day). The property enjoys frontage on S. Eastern Ave. and is a part of Palm Court Business Park. The property occupyed by two long term tenants, Unifi Aviation (Condo B) and Subway (Condo C). The property offers convenient access to the Harry Reid International Airport, I-15/I-215 Interchange, and the Las Vegas Strip. The property is surrounded by a variety of amenities, with close proximity to Town Square Las Vegas, Las Vegas Premium Outlets – South, Sunset Park, Eastern Springs Village Shopping Center, several national hotel brands including Hampton Inn & Suites and La Quinta Inn, and Wildhorse Golf Club. The property benefits from a fast-growing population of ±396,016 residents within a 5-mile radius.
Data Room Click Here to Access
- Offering Memorandum
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 177-02-614-080 |
| Cap Rate | 5.80% |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| APN/Parcel ID | 177-02-614-080 |
Description
MDL Group is pleased to present Palm Court located at 6889 S. Eastern Ave. (the Property). This 100% occupied investment opportunity is situated in a prime location right off the intersection of S. Eastern Ave. and E. Sunset Rd. with a combined traffic count of ±70,500 VPD (vehicles per day). The property enjoys frontage on S. Eastern Ave. and is a part of Palm Court Business Park. The condo is occupied by Unifi Aviation.
Sale Notes
100% Leased Investment Opportunity
| Sale Type | Investment | APN/Parcel ID | 177-02-614-080, 177-02-614-081 |
| Cap Rate | 5.71% |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| APN/Parcel ID | 177-02-614-080, 177-02-614-081 |
Description
MDL Group is pleased to present Palm Court located at 6889 S. Eastern Ave. (the Property). This 100% occupied investment opportunity is situated in a prime location right off the intersection of S. Eastern Ave. and E. Sunset Rd. with a combined traffic count of ±70,500 VPD (vehicles per day). The property enjoys frontage on S. Eastern Ave. and is a part of Palm Court Business Park. The property occupyed by two long term tenants, Unifi Aviation (Condo B) and Subway (Condo C).
Sale Notes
100% Leased Investment Opportunity
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 3,538 SF | Office | $1,400,000 ($395.70/SF) | $81,200 |
| Unit B & C | 4,964 SF | Office/Retail | $2,100,000 ($423.05/SF) | $119,910 |
Unit B
| Unit Size |
| 3,538 SF |
| Condo Use |
| Office |
| Price |
| $1,400,000 ($395.70/SF) |
| NOI |
| $81,200 |
Unit B & C
| Unit Size |
| 4,964 SF |
| Condo Use |
| Office/Retail |
| Price |
| $2,100,000 ($423.05/SF) |
| NOI |
| $119,910 |
1 of 2
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Street
Map
Unit B
| Unit Size | 3,538 SF |
| Condo Use | Office |
| Price | $1,400,000 ($395.70/SF) |
| NOI | $81,200 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| APN/Parcel ID | 177-02-614-080 |
| Description | |
| MDL Group is pleased to present Palm Court located at 6889 S. Eastern Ave. (the Property). This 100% occupied investment opportunity is situated in a prime location right off the intersection of S. Eastern Ave. and E. Sunset Rd. with a combined traffic count of ±70,500 VPD (vehicles per day). The property enjoys frontage on S. Eastern Ave. and is a part of Palm Court Business Park. The condo is occupied by Unifi Aviation.</li></ul> | |
| Sale Notes | |
| 100% Leased Investment Opportunity</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit B & C
| Unit Size | 4,964 SF |
| Condo Use | Office/Retail |
| Price | $2,100,000 ($423.05/SF) |
| NOI | $119,910 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| APN/Parcel ID | 177-02-614-080, 177-02-614-081 |
| Description | |
| MDL Group is pleased to present Palm Court located at 6889 S. Eastern Ave. (the Property). This 100% occupied investment opportunity is situated in a prime location right off the intersection of S. Eastern Ave. and E. Sunset Rd. with a combined traffic count of ±70,500 VPD (vehicles per day). The property enjoys frontage on S. Eastern Ave. and is a part of Palm Court Business Park. The property occupyed by two long term tenants, Unifi Aviation (Condo B) and Subway (Condo C).</li></ul> | |
| Sale Notes | |
| 100% Leased Investment Opportunity</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.
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Unifi |
99,999 SF SF
|
Jan 0000
|
| Subway |
99,999 SF SF
|
Jan 0000
|
Nearby Major Retailers
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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6889 S Eastern Ave - Bldg 14
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