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950 Grier Dr 26,862 SF Office Building Las Vegas, NV 89119 $7,350,000 ($273.62/SF)
INVESTMENT HIGHLIGHTS
- PRIME LOCATION: Subject Property is located adjacent to Harry Reid Intl Airport with easy access to I-15, I-215, and the Airport Connector.
- OPPORTUNITY ZONE: 950 Grier is located within an Opportunity Zone, offering several monetary benefits due to tax incentives.
- CAPEX INVESTMENT: $100,000+ has been invested in landscaping renovations & an additional $25,000 has been invested in repainting the building exterior
- FULL OR PARTIAL BUILDING OPTIONS: The building is available as a full building or condo acquisition opportunity.
- INCOME TAX FREE STATE: Nevada has no state income tax.
EXECUTIVE SUMMARY
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr/
950 Grier is a single-story flex office building totaling approximately ±26,862 SF situated on ±1.34 acres within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. Cirque du Soleil currently occupied ±49% (±12,987 SF) of the building. The remaining 51% (±13,875 SF) on the west end of the building includes a 1,585 SF warehouse, and is available for use by an owner-user of the building or for lease. The Property offers excellent access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing convenient connectivity throughout the greater Las Vegas metropolitan area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
This offering represents the opportunity to acquire the entire building. Ownership is currently in the process of demising the property into two condominium units, and the occupied and vacant suites are also being marketed separately, providing flexibility for buyers seeking either a full building acquisition or a more tailored condo opportunity.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr/
950 Grier is a single-story flex office building totaling approximately ±26,862 SF situated on ±1.34 acres within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. Cirque du Soleil currently occupied ±49% (±12,987 SF) of the building. The remaining 51% (±13,875 SF) on the west end of the building includes a 1,585 SF warehouse, and is available for use by an owner-user of the building or for lease. The Property offers excellent access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing convenient connectivity throughout the greater Las Vegas metropolitan area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
This offering represents the opportunity to acquire the entire building. Ownership is currently in the process of demising the property into two condominium units, and the occupied and vacant suites are also being marketed separately, providing flexibility for buyers seeking either a full building acquisition or a more tailored condo opportunity.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr/
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
26,862 SF
Building Class
B
Year Built/Renovated
1988/1991
Price
$7,350,000
Price Per SF
$273.62
Tenancy
Single
Building Height
1 Story
Typical Floor Size
26,862 SF
Building FAR
0.46
Lot Size
1.34 AC
Opportunity Zone
Yes
Zoning
IL, Clark County - "IL" Industrial Light, designed for low & moderate-intensity industrial & manufacturing, & indoor/outdoor storage uses with supporting office spaces.
AMENITIES
- 24 Hour Access
- Courtyard
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PROPERTY TAXES
| Parcel Number | 177-03-510-005 | Improvements Assessment | $693,166 |
| Land Assessment | $321,765 | Total Assessment | $1,014,931 |
PROPERTY TAXES
Parcel Number
177-03-510-005
Land Assessment
$321,765
Improvements Assessment
$693,166
Total Assessment
$1,014,931
CONTACTS
-
Cathy Jones -
Allyson Weber -
Paul Miachika -
Blaze Katz -
Logic Commercial Real Estate
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950 Grier Dr
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