Polaris Commerce Center 3 Industrial Properties Offered at $3,545,000 in Las Vegas, NV
INVESTMENT HIGHLIGHTS
- Three buildings situated upon .93 acres of land fully occupied with commercial and industrial tenants
- Located within an Opportunity Zone
- Significant daytime and nighttime traffic from both Las Vegas residents and tourists with +/- 53,500 VPD on Spring Mountain Road
- Immediate proximity to Interstate 15 on Spring Mountain Road at the entrance to Chinatown
- Adjacent to the unique retail and dining experiential destination that is the Chinatown and Asian District frequented by locals and visitors alike
- High demand industrial and commercial submarket with limited availability - opportunity to enhance revenues with mark-to-market rents
EXECUTIVE SUMMARY
VALUE-ADD POTENTIAL!
PROPERTY SUMMARY
Marcus & Millichap is pleased to present this exciting opportunity to purchase a fully occupied industrial/commercial park situated upon .93 acres of land located at 3430-3450 Polaris Avenue in the Chinatown District of Las Vegas. Opportunity exists to increase rents to market with near-term lease expirations. Each building features two 12' roll-up doors and one well dock.
LOCATION AND ACCESSIBILITY
The offering is centrally located in Las Vegas just west of Interstate 15 (I-15) and minutes to the Las Vegas Strip. Spring Mountain Road is a major east/west thoroughfare that is amongst the most heavily trafficked Las Vegas roadways and connects with the Strip and I-15. It has also recently been announced that the future Vegas Loop has received County approval to add a station nearby.
SURROUNDING AMENITIES & ECONOMIC DRIVERS
The immediate surrounding area is complemented by casino & resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas as well as the Fashion Show Mall. Las Vegas has a strong economy, a growing population, and a limited supply of available centrally located land. Additionally, Nevada offers a number of tax advantages to commercial real estate owners.
** Also see available listing for adjacent property located at 3355 Pollux Avenue: https://www.loopnet.com/Listing/3355-Pollux-Ave-Las-Vegas-NV/36517281/
PROPERTY SUMMARY
Marcus & Millichap is pleased to present this exciting opportunity to purchase a fully occupied industrial/commercial park situated upon .93 acres of land located at 3430-3450 Polaris Avenue in the Chinatown District of Las Vegas. Opportunity exists to increase rents to market with near-term lease expirations. Each building features two 12' roll-up doors and one well dock.
LOCATION AND ACCESSIBILITY
The offering is centrally located in Las Vegas just west of Interstate 15 (I-15) and minutes to the Las Vegas Strip. Spring Mountain Road is a major east/west thoroughfare that is amongst the most heavily trafficked Las Vegas roadways and connects with the Strip and I-15. It has also recently been announced that the future Vegas Loop has received County approval to add a station nearby.
SURROUNDING AMENITIES & ECONOMIC DRIVERS
The immediate surrounding area is complemented by casino & resort destinations including Wynn, Encore, Venetian, Palazzo, Resorts World Las Vegas as well as the Fashion Show Mall. Las Vegas has a strong economy, a growing population, and a limited supply of available centrally located land. Additionally, Nevada offers a number of tax advantages to commercial real estate owners.
** Also see available listing for adjacent property located at 3355 Pollux Avenue: https://www.loopnet.com/Listing/3355-Pollux-Ave-Las-Vegas-NV/36517281/
PROPERTY FACTS
| Price | $3,545,000 |
| Price / SF | $274.96 / SF |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,893 SF |
| Total Land Area | 1.60 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3450 Polaris Ave, Las Vegas, NV 89102 | Industrial | 5,600 SF | 1989 | - |
|
Cogent
3430 Polaris Ave, Las Vegas, NV 89102 |
Industrial | 4,095 SF | 1989 | - |
| 3440 Polaris Ave, Las Vegas, NV 89102 | Industrial | 3,198 SF | 1989 | - |
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