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950 Grier Dr
Las Vegas, NV 89119
Office Property For Sale
·
26,862 SF
PROPERTY FACTS
| Total Building Size | 26,862 SF | Typical Floor Size | 26,862 SF |
| Property Type | Office | Year Built | 1988 |
| Property Subtype | Loft/Creative Space | Tenancy | Single |
| Building Class | B | Lot Size | 1.34 AC |
| Floors | 1 | 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. | ||
| Total Building Size | 26,862 SF |
| Property Type | Office |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 26,862 SF |
| Year Built | 1988 |
| Tenancy | Single |
| 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
2 UNITS AVAILABLE
Unit A
| Unit Size | 13,875 SF | Sale Type | Investment or Owner User |
| Condo Use | Flex |
| Unit Size | 13,875 SF |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
DESCRIPTION
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-a-las-vegas/
950 Grier Dr, Suite A is a single-story flex office and warehouse condo totaling ±13,875 SF situated within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. Ownership is currently in the process of subdividing the building into two condo parcels, with this offering representing the vacant west portion of the Property. The space includes a ±1,585 SF (11%) warehouse area featuring an 18'3" clear height and one grade-level door measuring 12'3" x 15'2", providing excellent functionality for light industrial or distribution use. The balance of the space is improved area suitable for a range of professional or service-oriented users. The adjacent east portion (Suite B) is fully occupied by Cirque du Soleil, who recently executed a y-year early lease extension through March 2033. The Property offers convenient access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing excellent connectivity throughout the greater Las Vegas area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-a-las-vegas/
SALE NOTES
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-a-las-vegas/
950 Grier Dr, Suite A is a single-story flex office and warehouse condo totaling ±13,875 SF situated within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. Ownership is currently in the process of subdividing the building into two condo parcels, with this offering representing the vacant west portion of the Property. The space includes a ±1,585 SF (11%) warehouse area featuring an 18'3" clear height and one grade-level door measuring 12'3" x 15'2", providing excellent functionality for light industrial or distribution use. The balance of the space is improved area suitable for a range of professional or service-oriented users. The adjacent east portion (Suite B) is fully occupied by Cirque du Soleil, who recently executed a y-year early lease extension through March 2033. The Property offers convenient access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing excellent connectivity throughout the greater Las Vegas area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-a-las-vegas/
Unit B
| Unit Size | 12,987 SF | Cap Rate | 7.00% |
| Condo Use | Office | NOI | $257,110 |
| Sale Type | Investment |
| Unit Size | 12,987 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $257,110 |
DESCRIPTION
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-b/
950 Grier, Suite B is a single-story office condo totaling ±12,987 SF situated within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. The Property is 100% occupied by Cirque du Soleil, which recently executed a 7-year early lease extension through March 2033.
Ownership is currently in the process of subdividing the building into two condominium parcels, with this offering representing the fully occupied office portion on the east side of the building. The vacant west portion, made up of ±13,875 SF, includes an office and warehouse component, and is being marketed separately. The Property offers convenient access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing excellent connectivity throughout the greater Las Vegas area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-b/
SALE NOTES
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-b/
950 Grier, Suite B is a single-story office condo totaling ±12,987 SF situated within the Hughes Airport Center master-planned business park, adjacent to Harry Reid International Airport. The Property is 100% occupied by Cirque du Soleil, which recently executed a 7-year early lease extension through March 2033.
Ownership is currently in the process of subdividing the building into two condominium parcels, with this offering representing the fully occupied office portion on the east side of the building. The vacant west portion, made up of ±13,875 SF, includes an office and warehouse component, and is being marketed separately. The Property offers convenient access to Interstate 15, Interstate 215, and the Las Vegas Strip, providing excellent connectivity throughout the greater Las Vegas area. Originally constructed in 1989, the building benefits from its strategic airport-adjacent location.
LINK TO OM: https://logiccre.com/1031_properties/950-grier-dr-suite-b/
