6970 W Patrick Ln - Medical FOR SALE


Las Vegas, NV 89113- Spring Valley
$6,900,000 USD
702-358-5166
6970 W Patrick Ln, Las Vegas, NV for Sale
$6,900,000 USD
Medical - FOR SALE
1/20
null | Request Cap Rate

6970 W Patrick Ln
Las Vegas, NV 89113
Spring Valley


HIGHLIGHTS

  • Excellent opportunity for owner/user in booming Southwest Las Vegas submarket
  • Adjacent Parcels- New Marriott Extended Stay Hotel and soon to be announced retailers breaking ground soon
  • Many new amenities coming to the area: Starbucks, McDonalds, and more national retailers
  • Located just off Rainbow Blvd Approximately 6 miles from Harry Reid International Airport
  • Easy access to CC-215, and nearby Spring Valley Hospital and Medical Offices
  • Additional Access: New access road connecting Patrick Lane and Oquendo Rd coming soon

OVERVIEW

Stone Creek Offices is a ±25,229 SF free-standing, two-story professional and medical office building located in the highly sought-after Southwest submarket of Las Vegas, Nevada. Positioned just west of S. Rainbow Boulevard on W. Patrick Lane, this property offers exceptional accessibility and is surrounded by numerous area amenities. Stone Creek Office presents an outstanding investment or owner-user opportunity with its abundant parking ratio of ±5.7:1000, and proximity to the CC-215 Beltway. This well-located asset provides flexibility for owner-users or investors seeking premium medical or professional office space in one of the most desirable submarkets. Property Description: Suite 100: Former Dialysis Center with large treatment area, employee break area, and private restrooms Suite 130: Vanilla shell downstairs unit. Ready for your specifications! Suite 140: CURRENT TENANT: EYE CANDY MED SPA (Call Broker for more details) Suite 201: New paint and flooring (2024) 3 Offices, break room, bull pen, IT closet/storage Suite 203: 4 offices, receptionist station, lobby, large conference room, storage Suite 202/204: Grey shell suites upstairs provide owner-users flexibility with design of build out. Location Description: Southwest Las Vegas is undergoing rapid expansion, with several major projects contributing to its infrastructure and overall community growth. Here are some of the most notable developments in the area: 1 Durango Casino and Resort: The 15-story resort offers 209 guest rooms, an expansive 83,178-square-foot casino, and a 10,000-square-foot sportsbook. 2 UnCommons Mixed-Use Development A $400 million, 40-acre mixed-use development located in Southwest Las Vegas. UnCommons fosters a modern, walkable neighborhood concept that aligns with the area's rapid expansion. 3 Affordable Housing Initiative A new 20-acre affordable housing project has been proposed along Cactus Avenue, between Buffalo Drive and Rainbow Boulevard. 4 Industrial & Retail, and Office Development Boom The southwest valley is witnessing a significant increase in construction over the years, fueled by the area's available land and strategic location. The surge in development is leading to the rise of new shopping centers and industrial hubs, supporting both the expanding residential base and the local economy. 5 Newly Announced Children’s Hospital Intermountain Health introduces the first stand-alone dedicated children's hospital that underscores a significant advancement in healthcare for Southern Nevada, aiming to meet the growing needs of the community. 6 Newly Announced Movie Studio Complex This ambitious project is a collaboration between The Howard Hughes Corporation and Sony Entertainment, aiming to diversify the local economy and establish Las Vegas as a prominent center for the entertainment industry. SELLER FINANCING AVAILABLE: Sales Price: $6,900,000 Down Payment: $1,000,000 Financing Structure: Seller financing available under the following terms: • Interest Rate: 6.00% • Loan Fee: 1.00% added to the principal balance • Amortization Period: 20 years • Loan Term: Balance due in 3 years Early Payoff Incentives: Payoff within 12 months: $100,000 discount on the remaining balance Payoff within 24 months: $50,000 discount on the remaining balance Payoff between months 24 – 36: No discount applied COMMON AREA BALCONIES ON THE NORTH, SOUTH, AND EAST SIDES OF THE BUILDING CURRENT TENANT: EYE CANDY MED SPA (call broker for more details) EASY ACCESS TO CC-15 BELTWAY & NEARBY RESTAURANTS AND RETAIL AMENITIES APPROX 6 MILES FROM HARRY REID INTERNATIONAL AIRPORT

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stone Creek Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

143

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

CG

APN/PARCEL ID

163-34-601-044

ASK ABOUT THIS PROPERTY

Eric RogoschSVN | The Equity GroupMore Info
702-358-5166

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Eric RogoschSVN | The Equity GroupMore Info
702-358-5166

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