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Silver Creek Office Park 11 Properties Offered at $8,250,000 in Las Vegas, NV
INVESTMENT HIGHLIGHTS
- Upside, Value-Add Potential: Several vacancies exist in Building D, representing immediate lease-up upside.
- Great owner/user opportunity.
- Buyer can implement capital improvements and targeted leasing to reposition the asset, capture higher rents, and stabilize occupancy.
- As of August 2025 the property generates annual income of $778,632.
- Month-to-month tenants create opportunities for rent growth, repositioning, or converting to long-term leases with escalations.
- Vacant pads present excellent opportunity to expand the center and generate additional revenue or dispose a portion of the property.
EXECUTIVE SUMMARY
Positioned in the heart of Las Vegas’s expanding south corridor, the Gilespie Street property presents a rare chance to acquire a versatile, office-and-retail zoned asset in one of the valley’s most accessible and rapidly growing locations. Just minutes from Harry Reid International Airport, the Las Vegas Strip, and the I-215 Beltway, the property sits at the intersection of convenience, visibility, and demand.
The surrounding area has experienced significant growth, driven by a combination of strong residential development, proximity to major employment centers, and the continued expansion of service and retail amenities. This mix creates a robust daytime population as well as steady consumer traffic, ensuring long-term demand for quality space. Gilespie Street is ideally positioned to serve professionals, retailers, and service providers who want to be close to both the airport and the Strip while remaining connected to the surrounding residential communities.
The property offers a compelling blend of stability and flexibility. The zoning allows for a wide variety of uses—from professional offices and medical practices to boutique retail and service-oriented tenants—providing multiple paths to value creation. Whether the strategy is to hold for stable income, reposition to attract a higher-yield tenant mix, or redevelop for a modern office-retail hybrid, the site offers a unique platform to capture growth in a market where quality supply remains limited.
The surrounding area has experienced significant growth, driven by a combination of strong residential development, proximity to major employment centers, and the continued expansion of service and retail amenities. This mix creates a robust daytime population as well as steady consumer traffic, ensuring long-term demand for quality space. Gilespie Street is ideally positioned to serve professionals, retailers, and service providers who want to be close to both the airport and the Strip while remaining connected to the surrounding residential communities.
The property offers a compelling blend of stability and flexibility. The zoning allows for a wide variety of uses—from professional offices and medical practices to boutique retail and service-oriented tenants—providing multiple paths to value creation. Whether the strategy is to hold for stable income, reposition to attract a higher-yield tenant mix, or redevelop for a modern office-retail hybrid, the site offers a unique platform to capture growth in a market where quality supply remains limited.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $8,250,000 | Number of Properties | 11 |
| Price / SF | $198.15 / SF | Individually For Sale | 0 |
| Cap Rate | 5.34% | Total Building Size | 41,636 SF |
| Sale Type | Investment NNN | Total Land Area | 5.28 AC |
| Status | Active |
| Price | $8,250,000 |
| Price / SF | $198.15 / SF |
| Cap Rate | 5.34% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 11 |
| Individually For Sale | 0 |
| Total Building Size | 41,636 SF |
| Total Land Area | 5.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 9768 Gilespie St, Las Vegas, NV 89183 | Land | 0.94 AC | - | - |
| 9808 Gilespie St, Las Vegas, NV 89183 | Land | 0.81 AC | - | - |
| 9848 Gilespie St, Las Vegas, NV 89183 | Land | 0.81 AC | - | - |
| 9840 Gilespie St, Las Vegas, NV 89183 | Land | 0.46 AC | - | - |
| 9832 Gilespie St, Las Vegas, NV 89183 | Land | 0.46 AC | - | - |
| 9824 Gilespie St, Las Vegas, NV 89183 | Land | 0.46 AC | - | - |
|
Bldg A
9708 Gilespie St, Las Vegas, NV 89183 |
Office | 12,560 SF | 2003 | - |
|
Bldg D
9788 Gilespie St, Las Vegas, NV 89183 |
Office | 7,996 SF | 2007 | - |
|
Bldg C
9748 Gilespie St, Las Vegas, NV 89183 |
Office | 7,080 SF | 2003 | - |
|
Bldg B
9728 Gilespie St, Las Vegas, NV 89183 |
Office | 7,000 SF | 2003 | - |
|
Bldg E
9816 Gilespie St, Las Vegas, NV 89183 |
Office | 7,000 SF | 2007 | - |
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Silver Creek Office Park
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