840 Grier Dr - Office FOR SALE


Las Vegas, NV 89119
$19,864,000 USD
702-595-8765
840 Grier Dr, Las Vegas, NV for Sale
$19,864,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

840 Grier Dr
Las Vegas, NV 89119


HIGHLIGHTS

  • PRIME LOCATION: The Property is located on Sunset Rd directly across from Harry Reid Intl. Airport with 364 ft of street frontage & runway visibility.
  • TURNKEY INFRASTRUCTURE, FULL BUILDING OR CONDO OPTIONS: Property is fully equipped with existing improvements and offers flexible infrastructure.
  • OPPORTUNITY ZONE: Situated within an Opportunity Zone, the Property offers substantial tax benefits.
  • INCOME TAX FREE STATE: Nevada has no state income tax.

OVERVIEW

840 Grier Dr. is a three-story office building, totaling approximately ±66,212 SF on ±3.73 acres. The building was constructed in 1997 and is located within the MGM office campus in Central Las Vegas. Ideally positioned near major highways I-15 and I-215, the Property boasts ±364 feet of frontage along Sunset Rd. (±31,600 CPD) and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities: an investor could lease it to a large single tenant or multiple tenants, or the Property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all theses options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term. Link to OM: https://logiccre.com/1031_properties/rare-%c2%b166212-sf-full-building-office-or-condo-owner-user-investment-opportunity/

FOR SALE DETAILS

PRICE

$19,864,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.73 AC

LAND SF

162,479 SF

ZONING

IP

APN/PARCEL ID

177-03-510-017

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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