702-605-1692
, Las Vegas, NV for Sale
Industrial - FOR SALE
1/2
null | Request Cap Rate

323-333 Orville Wright - Investment Sale
Las Vegas, NV


OVERVIEW

This offering presents a rare opportunity to acquire two (2) exceptional industrial/flex buildings, totaling ±33,034 SF, occupied by a single tenant, Gaming Arts, LLC. The properties are strategically located in the master planned Hughes Airport center in the Airport Submarket. The portfolio offers unparalleled connectivity to Harry Reid International Airport, I-215 and I-15, the Strip/Resort Corridor, and key convention facilities. The properties feature highly functional layouts, including well designed office spaces with high end finishes, warehouse, and ample parking to accommodate diverse operational needs. PROPERTY HIGHLIGHTS 323 Orville Wright Court -18,077 SF total, including 14,586 SF of 2-story office -Situated on ±0.73 acres -Two (2) grade level loading doors -Yard area 333 Orville Wright Court -15,027 SF total, including ±7,050 SF of office -Situated on ±0.83 acres. -Two (2) grade level loading doors -Yard area INVESTMENT HIGHLIGHTS - Stabilized Rental Income - 100% Leased to a single tenant, Gaming Arts, LLC, with a current Net Operating Income of $535,200. Reach out to us for additional lease terms and details. - High Demand - Well maintained, quality flex assets in a high demand market. - Location - Situated in the heart of the Airport Submarket, the properties enjoy an infill, irreplaceable location, which is in close proximity to an abundant work force. - Strong Market Dynamic - The ±420-acre Hughes Airport Center offers the cleanest and most controlled aesthetic environment and tenant mix in the Las Vegas Market. -The Airport Submarket also boasts a low vacancy of 3.7% as of Q4 2024. Limited construction and developable land should continue to place upward pressure on rental rates and ensure the property remains positioned well moving forward. - Robust Local Economy - Sustained migration trends, low cost of living, and a pro-business tax environment promotes a growth environment for local businesses. This centralized location is further elevated by its proximity to major master-planned communities and an array of nearby amenities, making it an ideal choice for image-conscious and employee-focused corporate users.

ASK ABOUT THIS PROPERTY

Donna AldersonCBRE, Inc.More Info
702-605-1692

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

Donna AldersonCBRE, Inc.More Info
702-605-1692

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