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South Rainbow Business Park 2 Office Properties in Las Vegas, NV
INVESTMENT HIGHLIGHTS
- STABLE CASH FLOW INVESTMENT WITH STRONG UPSIDE POTENTIAL
- STRONG MARKET MOMENTUM IN PREMIUM SUBURBAN LOCATION IN THE SOUTHWEST LV MARKET
- HIGH IDENTITY FRONTAGE ALONG SOUTH RAINBOW
EXECUTIVE SUMMARY
STABLE CASH FLOW INVESTMENT WITH STRONG UPSIDE POTENTIAL
* Attractive cash flow with balanced rollovers.
* Since November 2019 the assets have consistently remained stabilized with limited downtime between tenants ensuring predictable cash flows.
* Since August 2024 four (4) new leases and two (2) renewals have been completed.
* 100% leased with diversified tenancy from a range of professional and medical users.
* Compelling mark to market to boost yields.
STRONG MARKET LOCATION
* High identity frontage along South Rainbow with 2023 annual average daily traffic count of 51,000.
* South Rainbow Business Park is strategically located: Less than one (1) mile from Spring Valley Hospital Medical Center, a 364-bed hospital | Approximately 3.4 miles from Dignity Health - St. Rose Dominican Hospital, San Martin Campus, a 147-bed hospital | Approximately 3.9 miles from Southern Hills Hospital and Medical Center, a 265-bed hospital.
* Exceptional location is approximately 1 mile from CC-215 access via the Rainbow interchange and is 2.85 miles from the Russell interchange.
STRONG MARKET MOMENTUM
* Premium suburban location in the Southwest submarket, Las Vegas’ fastest growing submarket. The South Rainbow corridor between CC-215 and Russell has experienced significant growth.
* In the last five years, within a two-mile radius of South Rainbow Business Park, retail properties have increased 11.2%, factoring in under construction properties, the increase jumps to 14.1%. Current retail vacancy is 0.6%.
* Attractive cash flow with balanced rollovers.
* Since November 2019 the assets have consistently remained stabilized with limited downtime between tenants ensuring predictable cash flows.
* Since August 2024 four (4) new leases and two (2) renewals have been completed.
* 100% leased with diversified tenancy from a range of professional and medical users.
* Compelling mark to market to boost yields.
STRONG MARKET LOCATION
* High identity frontage along South Rainbow with 2023 annual average daily traffic count of 51,000.
* South Rainbow Business Park is strategically located: Less than one (1) mile from Spring Valley Hospital Medical Center, a 364-bed hospital | Approximately 3.4 miles from Dignity Health - St. Rose Dominican Hospital, San Martin Campus, a 147-bed hospital | Approximately 3.9 miles from Southern Hills Hospital and Medical Center, a 265-bed hospital.
* Exceptional location is approximately 1 mile from CC-215 access via the Rainbow interchange and is 2.85 miles from the Russell interchange.
STRONG MARKET MOMENTUM
* Premium suburban location in the Southwest submarket, Las Vegas’ fastest growing submarket. The South Rainbow corridor between CC-215 and Russell has experienced significant growth.
* In the last five years, within a two-mile radius of South Rainbow Business Park, retail properties have increased 11.2%, factoring in under construction properties, the increase jumps to 14.1%. Current retail vacancy is 0.6%.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 43,928 SF |
| Number of Properties | 2 | Total Land Area | 5.82 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 43,928 SF |
| Total Land Area | 5.82 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5920 S Rainbow Blvd, Las Vegas, NV 89118 | Office | 21,964 SF | 2004 | - |
| 5940 S rainbow Blvd, Las Vegas, NV 89118 | Office | 21,964 SF | 2005 | - |
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South Rainbow Business Park
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