Two Office/Retail Bldgs. 100% Occ. | 1380 E Sahara Ave
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Two Office/Retail Bldgs. 100% Occ. 1380 E Sahara Ave
5,344 SF 100% Leased Office Building Las Vegas, NV 89104 £1,126,692 (£211/SF) 6% Net Initial Yield
Executive Summary
2-Building Opportunity 100% Leased. 1380 East Sahara Ave. Las Vegas, Nevada 89104. Consist of +/- 2,928 sq. ft. of free-standing single-story office/retail building zoned C-1. Tenant's include a Chiropractor located in Suite A & Tax/Insurance/Real Estate Services located in Suite B. This building has street frontage on West Sahara Ave. 2408 Pardee Place Las Vegas, Nevada 89104 consisting of +/- 2,416 sq. ft. free-standing single-story office/retail building zoned C-1 (sits adjacent to the front building) and Tenant signed a (5) year lease this year and is a Church w/ Outreach Services. The last Tenant consist of Clear Channel Billboard. The property is well maintained and both buildings have been remodeled over the years. 2408 Pardee Place just had Two new water heaters installed, garbage disposal installed, the HVAC System serviced, updated electrical and roof work. Also all new parking lot lighting installed throughout. The Church keeps the parking lot clean and does not allow homeless to camp on the property. The Chiropractor located in Suite A has been a Tenant for 14+ years and the Tax/Insurance/Real Estate Services located in Suite B just signed a 5-year lease extension, I think she likes the Billboard, that is her on the Billboard. Call for more details.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,344 SF
Building Class
C
Year Built/Renovated
1954/2023
Price
£1,126,692
Price Per SF
£211
Net Initial Yield
6%
NOI
£67,598
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
5,344 SF
Building FAR
0.36
Land Acres
0.34 AC
Opportunity Zone
Yes
Zoning
C-1 - Retail/Office Zoned C-1 Limited Commercial.
Parking
17 Spaces (3.18 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Security System
- Signage
- Kitchen
- Storage Space
- Central Heating
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £62,654 (2024) | |
| Land Assessment | £38,906 (2024) | Total Assessment | £101,560 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£38,906 (2024)
Improvements Assessment
£62,654 (2024)
Total Assessment
£101,560 (2024)
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Michael Sumiyoshi -
Glenn Wilcox -
Ohana Realty Group
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Two Office/Retail Bldgs. 100% Occ. | 1380 E Sahara Ave
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