2975 S Rainbow Blvd - Medical FOR SALE


Las Vegas, NV 89146
$7,300,000 USD
702-501-2992
2975 S Rainbow Blvd, Las Vegas, NV for Sale
$7,300,000 USD
Medical - FOR SALE
1/21
null | 7.55% Cap Rate

2975 S Rainbow Blvd
Las Vegas, NV 89146


HIGHLIGHTS

  • Highly visible Location with Frontage on the Heavily Traveled South Rainbow Boulevard
  • 38,784 SF Multi Tenant Use
  • Renovated in 2020
  • High Occupancy and Demand

OVERVIEW

Professional office building with Frontage on South Rainbow Blvd between Sahara and Desert Inn. High occupancy with great mix of tenants including several Medical Offices, Insurance, Mortgage, Real Estate, and a Small Business Resource company. Extensive interior building renovation in 2019. Currently only +/-3,300 square feet vacant. Tenant leases are MG, ranging from 2-5 years remaining, with annual escalations.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

C-P, County

APN/PARCEL ID

163-10-703-009

ASK ABOUT THIS PROPERTY

Russ ArnoldTheAgencyMore Info
702-501-2992

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Russ ArnoldTheAgencyMore Info
702-501-2992

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