1855 Village Center Cir - Office FOR SALE


Las Vegas, NV 89134
$3,300,000 USD
702-349-6041
1855 Village Center Cir, Las Vegas, NV for Sale
$3,300,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

1855 Village Center Cir
Las Vegas, NV 89134


HIGHLIGHTS

  • UNIQUE OWNER USER OPPORTUNITY IN SUMMERLIN’S HILLS CENTER NORTH BUSINESS PARK
  • EXCEPTIONAL LAS VEGAS MARKET FUNDAMENTALS WITH LONG-TERM UPSIDE
  • UNRIVALED AMENITY-RICH LOCATION IN SUMMERLIN

OVERVIEW

UNIQUE OWNER USER OPPORTUNITY IN SUMMERLIN’S HILLS CENTER NORTH BUSINESS PARK * Located within the Hills Center North Business Park, a sought after office park situated around the the Sumerlin Library, this ± 4,850 RSF was built in 2007. The current owners purchased from the developer and have impeccably maintained the building. It features an enclosed private patio, open kitchen, conference room, private offices, built in work stations, and open office space. * Conveniently located in Hills Center North Business Park, the property is approximately one-half mile to Summerlin Parkway, the main connector between I-95 and CC-215. The asset is also approximately one-half mile to Summerlin Hospital + Medical Center (485 beds), ± 1 mile to Rampart Casino, ± 2 miles to Suncoast Resort + Casino, and ± 3 miles to Tivoli Village, Boca Park, and ± 4 miles to Downtown Summerlin, the Las Vegas Ball Park, CitiNational Arena, and Red Rock Resort + Casino. * Conveniently located ±1,000 feet from Village Center Circle, a professional office park situated around the Summerlin Library, and approximately one-half mile to Summerlin Parkway, the main connector between I-95 and CC-215. EXCEPTIONAL MARKET FUNDAMENTALS WITH LONG-TERM UPSIDE * According to the Las Vegas Global Economic Alliance, “the region routinely ranks at or near the nation’s highest in growth and investment and is currently experiencing population growth at three times the national average. Over 10,000 businesses and more than 180,000 jobs have been created in Clark County since 2011.” * Over the past year, there has been an influx of companies outside of the market that persist to survey the valley to either relocate or expand their businesses, mainly in part due to its business-friendly and favorable tax environment. * Las Vegas added approximately 41,500 jobs year-over-year, illustrating a growth of 3.6%, which is more than both the Nevada and national growth rates, at 3.4% and 1.6% respectively. Additionally, Nevada ranked second in job growth among all states. The primary driver of office demand is an uptick in office-related employment. UNRIVALED AMENITY-RICH LOCATION IN SUMMERLIN * Conveniently located approximately one mile to Summerlin Parkway at the Town Center Drive interchange, this property provides superior regional connectivity and a convenient commute for all Las Vegas Valley residents. * Village Center Circle is an established office/retail/residential area with proximity to nearby amenities. Within a 2.5-mile radius, there are 300+ restaurants/fast food locations, 95,107 population, and an average annual household income of $122,253. * The project is within ±9 miles to the Las Vegas Strip which includes 41+ hotels, shows and attractions, Allegiant Stadium, T-Mobile Arena, and ±13,687,870 SF of convention space.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

P-C, Las Vegas

APN/PARCEL ID

138-19-721-009

ASK ABOUT THIS PROPERTY

702-349-6041

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702-349-6041

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