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840 Grier Dr 66,212 SF Office Building Las Vegas, NV 89119 $18,208,000 ($275.00/SF)
INVESTMENT HIGHLIGHTS
- PRIME LOCATION: The Property is located on Sunset Rd directly across from Harry Reid Intl. Airport with 364 ft of street frontage & runway visibility.
- OPPORTUNITY ZONE: Situated within an Opportunity Zone, the Property offers substantial tax benefits.
- TURNKEY INFRASTRUCTURE, FULL BUILDING OR CONDO OPTIONS: Property is fully equipped with existing improvements and offers flexible infrastructure.
- INCOME TAX FREE STATE: Nevada has no state income tax.
EXECUTIVE SUMMARY
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
840 Grier Dr. is a three-story office building, totaling approximately ±66,212 SF on ±3.73 acres. The building was constructed in 1997 and is located within the MGM office campus in Central Las Vegas. Ideally positioned near major highways I-15 and I-215, the Property boasts ±364 feet of frontage along Sunset Rd. (±31,600 CPD) and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities: an investor could lease it to a large single tenant or multiple tenants, or the Property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all theses options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term.
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
840 Grier Dr. is a three-story office building, totaling approximately ±66,212 SF on ±3.73 acres. The building was constructed in 1997 and is located within the MGM office campus in Central Las Vegas. Ideally positioned near major highways I-15 and I-215, the Property boasts ±364 feet of frontage along Sunset Rd. (±31,600 CPD) and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities: an investor could lease it to a large single tenant or multiple tenants, or the Property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all theses options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term.
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
66,212 SF
Building Class
B
Year Built
1997
Price
$18,208,000
Price Per SF
$275.00
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
22,071 SF
Slab To Slab
14’
Building FAR
0.41
Lot Size
3.73 AC
Opportunity Zone
Yes
Zoning
IP
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Security System
- Signage
- Direct Elevator Exposure
- Balcony
PROPERTY TAXES
| Parcel Number | 177-03-510-017 | Improvements Assessment | $3,182,481 |
| Land Assessment | $1,194,221 | Total Assessment | $4,376,702 |
PROPERTY TAXES
Parcel Number
177-03-510-017
Land Assessment
$1,194,221
Improvements Assessment
$3,182,481
Total Assessment
$4,376,702
CONTACTS
-
Cathy Jones -
Allyson Weber -
Paul Miachika -
Blaze Katz -
Logic Commercial Real Estate
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