This fully leased, ±8,000 SF office building presents a rare opportunity to acquire a high-quality, turn-key investment in the heart of Downtown Las Vegas. With a newly executed 7-year NNN lease in place, the property generates a reliable annual income of $262,080, offering investors a strong 6.27% cap rate with professional management or an enhanced 6.78% cap rate if self-managed. The tenant, Sierra Sage Recovery Services, is a well-established provider of addiction treatment services, ensuring stability and long-term occupancy.
Completely remodeled in 2023-2024, the asset features modern interiors, enhanced security, and a private gated parking lot with 20 covered spaces—an exceptional amenity in the downtown submarket. Strategically located on a high-visibility hard corner, the property benefits from easy access to major highways, the Regional Justice Center, Federal Courthouses, and the bustling Downtown corridor. With no near-term capital improvements required and a reliable tenant in place, this offering provides a truly passive investment with immediate cash flow and long-term value appreciation potential.
*Note for potential owner-users: Tenant’s lease has a buy-out provision.
DISCLAIMER: The information provided herein has been obtained from sources deemed reliable; however, it has not been independently verified. No guarantee, warranty, or representation, either express or implied, is made as to its accuracy or completeness. All terms, conditions, pricing, availability, and property details are subject to change or withdrawal without notice. Interested parties are encouraged to conduct their own independent investigation and verification of all information, including but not limited to property condition, zoning, permitted use, financials, and suitability for their specific needs. Any reliance on this information is solely at the recipient’s own risk.
All logos, trademarks, and photos displayed in this listing are the property of their respective owners. Use of these materials without the express written consent of the owner is prohibited and does not imply any affiliation or endorsement. © 2025 Hatrak Commercial. All rights reserved.