1215-1225 S Fort Apache Rd - Storefront FOR SALE


Las Vegas, NV 89117- Peccole Ranch
$24,595,000 USD
702-482-9675
1215-1225 S Fort Apache Rd, Las Vegas, NV for Sale
$24,595,000 USD
Storefront - FOR SALE
1/5
null | 5.96% Cap Rate

1215-1225 S Fort Apache Rd
Las Vegas, NV 89117
Peccole Ranch


HIGHLIGHTS

  • Irreplaceable Retail Shopping Center – “Trophy” investment asset in the heart of Summerlin
  • Immediate Leasing Upside – At 80.6% current occupancy, 19.4% of the property (9,875 SF) of the property is available for lease
  • Strong Historical Occupancy – 54% of the in place tenancy at Fort Apache Commons has operated at the site for 10 years or more

OVERVIEW

* Irreplaceable Retail Shopping Center – “Trophy” investment asset in the heart of Summerlin at the Southwest corner of S. Fort Apache Rd and W. Charleston Blvd. This center benefits from ±162,000 affluent residents within 3-miles with an average household income exceeding $114,000. * Badlands Residential Development – Fort Apache Commons sits less than one-half mile from the recently approved 1,480-unit residential development from Lennar Homes driving an additional ±$176,000,000 of annual future demand to this center. * Immediate Leasing Upside – At 80.6% current occupancy, 19.4% of the property (9,875 SF) of the property is available for lease, providing an immediate opportunity to add value and increase NOI. * Strong Historical Occupancy – 54% of the in place tenancy at Fort Apache Commons has operated at the site for 10 years or more with Square Colour Salon approaching 15 years, proving the strength of the location and loyalty of the current occupants. * Owner/User Investment Opportunity – Fort Apache Common’s 19.4% current vacancy (9,875 SF) within the office portion provides for an immediate owner/user occupancy opportunity. * Below Market Assumable Non-Recourse Loan – The offering includes the ability to assume in-place debt at an attractive interest rate of 4.27% with more than 4 years remaining until maturation in November 2029.

FOR SALE DETAILS

PRICE

$24,595,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

5.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Apache Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

174

LAND DETAILS

LAND ACRES

4.31 AC

LAND SF

187,744 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

163-05-116-006

ASK ABOUT THIS PROPERTY

Roy FritzCBREMore Info
702-482-9675

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Roy FritzCBREMore Info
702-482-9675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.