3465-3495 S Maryland Pky - Retail FOR SALE


Las Vegas, NV 89169
$4,200,000 USD
702-340-8666
3465-3495 S Maryland Pky, Las Vegas, NV for Sale
$4,200,000 USD
Retail - FOR SALE
1/5
null | 5.04% Cap Rate

3465-3495 S Maryland Pky
Las Vegas, NV 89169


OVERVIEW

Cushman & Wakefield is pleased to announce for sale Regency Plaza (the “Property”), an opportunistic retail investment in the Central East submarket in Las Vegas, NV. This offering presents the ability to acquire two buildings on a total of ±1.61-AC located at the signalized corner of Maryland Parkway and Sierra Vista Drive. Located in a designated Opportunity Zone, Regency Plaza is considered a value-add investment with an asking price equal to $116/SF or $4,200,000. The Property consists of two buildings totaling ±36,070 SF of multi-tenant retail space featuring food & beverage, service, and brick and mortar retailers. One of the unique attributes of this property is the rooftop parking, allowing for a larger building footprint while satisfying the standards for required parking. The Property is located across the street from the Boulevard Mall with major highlights being the exposure to more than 30,000 vehicles per day (VPD) on Maryland Parkway, the proximity to the Las Vegas Convention Center, the Las Vegas Strip, Harry Reid International Airport, University of Nevada, Las Vegas, and major hospitals.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

5.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regency Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

CROSS STREETS

Sierra Vista

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

C-2

APN/PARCEL ID

162-15-504-001,162-15-504-002

ASK ABOUT THIS PROPERTY

Marlene Fujita WinkelCushman & WakefieldMore Info
702-340-8666

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Marlene Fujita WinkelCushman & WakefieldMore Info
702-340-8666

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