Regency Plaza | 3465-3495 S Maryland Pky
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Regency Plaza 3465-3495 S Maryland Pky
36,070 SF 100% Leased Retail Building Las Vegas, NV 89169 £3,313,800 (£92/SF) 5.04% Net Initial Yield
Executive Summary
Cushman & Wakefield is pleased to announce for sale Regency Plaza (the “Property”), an opportunistic retail investment in the Central East submarket in Las Vegas, NV. This offering presents the ability to acquire two buildings on a total of ±1.61-AC located at the signalized corner of Maryland Parkway and Sierra Vista Drive.
Located in a designated Opportunity Zone, Regency Plaza is considered a value-add investment with an asking price equal to $116/SF or $4,200,000. The Property consists of two buildings totaling ±36,070 SF of multi-tenant retail space featuring food & beverage, service, and brick and mortar retailers. One of the unique attributes of this property is the rooftop parking, allowing for a larger building footprint while satisfying the standards for required parking.
The Property is located across the street from the Boulevard Mall with major highlights being the exposure to more than 30,000 vehicles per day (VPD) on Maryland Parkway, the proximity to the Las Vegas Convention Center, the Las Vegas Strip, Harry Reid International Airport, University of Nevada, Las Vegas, and major hospitals.
Located in a designated Opportunity Zone, Regency Plaza is considered a value-add investment with an asking price equal to $116/SF or $4,200,000. The Property consists of two buildings totaling ±36,070 SF of multi-tenant retail space featuring food & beverage, service, and brick and mortar retailers. One of the unique attributes of this property is the rooftop parking, allowing for a larger building footprint while satisfying the standards for required parking.
The Property is located across the street from the Boulevard Mall with major highlights being the exposure to more than 30,000 vehicles per day (VPD) on Maryland Parkway, the proximity to the Las Vegas Convention Center, the Las Vegas Strip, Harry Reid International Airport, University of Nevada, Las Vegas, and major hospitals.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
36,070 SF
Building Class
C
Year Built/Renovated
1979/1986
Price
£3,313,800
Price Per SF
£92
Net Initial Yield
5.04%
NOI
£167,171
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.51
Land Acres
1.61 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
124 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £566,859 | |
| Land Assessment | £216,943 | Total Assessment | £783,803 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£216,943
Improvements Assessment
£566,859
Total Assessment
£783,803
-
Marlene Fujita Winkel -
Emily Brun -
Cody Seager -
Cushman & Wakefield
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Regency Plaza | 3465-3495 S Maryland Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.