Horizon Medical Plaza 3007 W Horizon Ridge Pky 22,254 SF 68% Leased Office Building Henderson, NV 89052 £7,383,320 (£331.77/SF)
INVESTMENT HIGHLIGHTS
- Houston Medical Plaza is a rare MOB offering priced below replacement cost, ideal for value-add investment or partial owner/user opportunity.
- Strong in-place income stream with tenants in specialty practices, laboratory testing, and general office use.
- Affluent area with an average annual household income of $109K contributing to more than $212M in healthcare spending within a 5-mile radius.
- Spanning approximately 22,254 square feet on 1.5 acres of land zoned CO “Office Commercial” at 3007 W Horizon Ridge Parkway.
- Recently remodeled with improvements totaling over $800,000, all suites and common areas feature new HVACs, tile flooring, and fresh paint.
- Number of households within about a 15-minute drive grew by 6% from 2020 to 2024 and is projected to increase another 8% by 2029.
EXECUTIVE SUMMARY
Situated on 1.51 acres along a bustling thoroughfare, Horizon Medical Plaza benefits from impressive traffic counts of 14,000 vehicles per day along W Horizon Ridge Parkway. This is a well-known medical area as Horizon Medical Plaza is less than 1 mile east of Dignity Health St. Rose Dominican Hospital and Medical Center's Siena campus, with approximately 326 hospital beds. This building is strategically located in a predominant medical hub servicing the City of Henderson, surrounded by several national, regional, and local health care providers, including Southwest Medical, Comprehensive Therapy Centers, Clinical Pathology Labs, and Encompass Health Rehabilitation. Henderson’s population has been in an unprecedented growth period, and the residents are highly affluent and prioritize health and wellness, underpinning the value of medical office assets in the area.
SALE FLYER
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Lift Access
- Open-Plan
- Monument Signage
- Air Conditioning
- Balcony
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Health Care and Social Assistance
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Coronado Health is a Direct Primary Care (DPC) facility that provides affordable and accessible healthcare to patients in the greater Las Vegas area, including Henderson, Summerlin, Enterprise, and Spring Valley.
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Henderson Pulmonology provides advanced care for lung and breathing conditions, accepting new patients in Las Vegas, Henderson, Seven Hills, Boulder City, Summerlin, Spring Valley, and Enterprise. Led by Dr. Kevin Tsui, a top-rated pulmonologist in Las Vegas, the clinic offers expert treatment for lung issues, asthma, allergies, and COPD. With a focus on improving breathing and overall pulmonary health, Henderson Pulmonology accepts a variety of insurance plans, making high-quality care accessible to a wide range of patients. Trust Dr. Tsui and his team to support your respiratory health and well-being.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Introducing Suite 110, a remarkable ground-floor office suite directly off the lobby. This expansive space offers a large 31-x-32-foot open area with a drop-down ceiling and Cat-6 wiring, complemented by brand-new 1-by-2-foot natural stone tile throughout. With brand-new HVAC units and a prime location, this suite presents an exceptional opportunity for a modern, professional presence.
Introducing Suite 220 at 3007 W Horizon Ridge Pkwy, an impressive second-floor space positioned directly in front of the balcony. This suite boasts two corner executive offices with breathtaking views, along with six private offices and a massive 96-by-41-foot open area. The space features a drop-down ceiling, brand-new 1-by-2-foot natural stone floors, brand-new HVAC units, and Cat 6 wiring. With an exceptional layout and modern amenities, this suite presents a remarkable opportunity for a professional and productive workspace.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 110 | 2,004 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 220 | 5,147 SF | Office/Medical | Partial Build-Out | Now |
1st Fl-Ste 110
| Size |
| 2,004 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 5,147 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
ABOUT SOUTH LAS VEGAS
South Las Vegas is the largest office area in the Las Vegas region, with close to 20% of the market’s total office inventory. Two of the major freeways in Las Vegas, I-15 and I-215, provide access to the airport and abundance of office space from all over the region. McCarran International Airport, which sees more than 45 million passengers annually, is also located here. The area is home to numerous shopping and dining options, including the Las Vegas South Premium Outlets.
Casino and resort operators, such as Caesars Entertainment, MGM Resorts International, and Wynn Design and Development have sizeable back-office operations in South Las Vegas. A number of medical office tenants are also located in the area surrounding the Dignity Health – St. Rose Dominican hospital. Insurance, real estate, financial companies and law firms also make up a sizable portion of the tenant mix.
With the largest amount of inventory in the Las Vegas area, it is not surprising that South Las Vegas usually leads the way in sales. Pricing is typically above Las Vegas’ average and cap rates are slightly lower than the overall area’s average. The majority of sales are for mid-tier properties and private investors are the primary buyers in the area, though acquisitions have increased in recent years from private equity firms and REITS.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
HOSPITALS |
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|---|---|---|---|
| Harmon Hospital | Acute Care | 14 min drive | 8.1 mi |
| Desert Springs Hospital | Acute Care | 15 min drive | 8.9 mi |
| Saint Rose Dominican Hospitals - Rose De Lima | Acute Care | 13 min drive | 9.2 mi |
| Spring Valley Hospital Medical Center | Acute Care | 18 min drive | 12.6 mi |
| Saint Rose Dominican Hospitals - San Martin Campus | Acute Care | 19 min drive | 13.4 mi |
RESTAURANTS |
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|---|---|---|---|
| Subway | - | - | 4 min walk |
| Angelina's Pizzerias & Italian Kitchens | Pizza | ££ | 7 min walk |
| Raising Cane's | - | - | 11 min walk |
| Starbucks | Cafe | £ | 12 min walk |
| Del Taco | - | - | 13 min walk |
| Fireside Restaurant & Tavern | Pub Food | £££ | 12 min walk |
| Bourbon Street Grill | - | - | 14 min walk |
| Fury's Kitchen | French | ££££ | 14 min walk |
RETAIL |
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|---|---|---|
| Anytime Fitness | Fitness | 6 min walk |
| 7-Eleven | Convenience Market | 7 min walk |
| Supercuts | Salon/Barber/Spa | 17 min walk |
| Trader Joe's | Supermarket | 17 min walk |
HOTELS |
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| Best Western Plus |
99 rooms
2 min drive
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| Hampton by Hilton |
133 rooms
3 min drive
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| Residence Inn |
115 rooms
3 min drive
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| aloft Hotel |
136 rooms
5 min drive
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| Fairfield Inn |
105 rooms
12 min drive
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PROPERTY TAXES
| Parcel Number | 177-35-510-028 | Improvements Assessment | £621,150 |
| Land Assessment | £346,889 | Total Assessment | £968,040 |
SALE ADVISORS
SALE ADVISORS
James Griffis, Principal
James has diverse experience which covers a wide range of properties and deal sizes, ranging from $5 million to $200 million.
Joe Leavitt, Principal
He currently represents numerous clients specializing in the following, Capital Markets, development companies building ground up construction, property assemblages, business relocations involving tenant or buyer representation. He also represents many landlords with leasing their commercial real estate.
Past clients include the likes of American Homes for Rent (AMH), Lexus of Las Vegas, Rebel Oil Company, Dermody Properties and many more.
Joe began his commercial real estate career in 2004 at the age of 20 while attending the University of Nevada, Las Vegas full-time, pursuing his degree in business management and real estate. Prior to joining Avison Young, Joe was a Vice President, Shareholder, and Partner of the Las Vegas office of Lee & Associates. Joe joined Avison Young in 2013 and nn 2018 was promoted to Principal.
Chris Lexis, SIOR, Principal
Chris started his career in 2004 at Lee & Associates where he soon became the youngest broker in the office to hold the title of Vice President and Principal. In March of 2013, Chris joined Avison Young as a Vice President of Capital Markets and quickly became Principal and Shareholder.
Chris represents property owners, investors, buyers and tenants and currently markets a number of projects in the valley. Lexis has expertise and experience when it comes to land use, planning and zoning within all of the Vegas valley’s municipalities.
In his free time (if you call it that) he’s busy keeping up with his wife, chasing down his 3-year-old daughter and taking care of his brand new baby boy. Chris has also gained first hand knowledge of owning, managing and growing a personal and family commercial real estate portfolio across 3 states.
