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2588 Fire Mesa St
Las Vegas, NV 89128

Arcata Building · Office Property For Sale

Investment Highlights

  • Attractive in-place income secured by two quality tenants who have occupied the building since its original construction in 2004-2005.
  • Existing rents are roughly 33% below market
  • Prime location within the Las Vegas Technology Center in Northwest Las Vegas
  • 61% of the building is occupied by credit tenant ADT Security Services, Inc. (NYSE: ADT) and 39% by Arcata Associates, Inc.
  • History of institutional stewardship and investment
  • Property is unencumbered thus may be purchased for cash or with debt financing

PROPERTY FACTS

Property Type
Office
Building Size
23,040 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
20,130 SF
Building FAR
0.24
Lot Size
2.16 AC
Zoning
C-PB
Parking
130 Spaces (5.64 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage

About 2588 Fire Mesa St , Las Vegas, NV 89128

100% LEASED TWO-TENANT, SINGLE-STORY OFFICE BUILDING LOCATED IN THE LAS VEGAS TECHNOLOGY CENTER Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Arcata Building (the “Property”, “Building”). The Offering includes one, single-story office building leased to two reputable tenants since original construction and located in the Las Vegas Tech Center just south of MountainView Hospital and adjacent to the Summerlin Master-Planned Community, one of the foremost masterplanned communities in America and the preferred office submarket in Las Vegas, Nevada. Occupied by Arcata Associates, Inc, an original tenant since construction in 2004 (39%), and ADT Security Services, Inc., a tenant since 2004 (61%). ADT recently completed $300,000 of interior improvements and has spent well over $750,000 in improvements during its 13-year occupancy. The Building is well-parked with 130 surface parking stalls (5.5/1,000sf) and provides a strategic location with access to US-95 (1 mile east) and Summerlin Parkway (1 mile south). The trade area enjoys a wealth of complementary businesses and neighboring amenities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
138-15-310-028
Land Assessment
£425,601
Improvements Assessment
£628,900
Total Assessment
£1,054,501
  • Listing ID: 16032434

  • Date on Market: 13/05/2019

  • Last Updated:

  • Address: 2588 Fire Mesa St, Las Vegas, NV 89128

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