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6590 S Rainbow Blvd

7,598 SF Office/Medical Unit Offered at £3,160,040 in Las Vegas, NV 89118

Executive Summary

Great investment opportunity. Office condo in newer building, constructed in 2020 with credit tenant in place. Approximately 11 years remaining on existing lease. NOI over $200k annually with rent escalations each year. Expense increases pass through to tenant per lease agreement.

Data Room Click Here to Access

Property Facts

Price £3,160,040
Unit Size 7,598 SF
No. Units 1
Total Building Size 26,274 SF
Property Type Office (Unit)
Sale Type Investment NNN
Building Class A
Number of Floors 2
Typical Floor Size 13,138 SF
Year Built 2020
Lot Size 2.42 AC
Parking Ratio 5/1,000 SF

1 Unit Available

Unit 200 & 250

Unit Size 7,598 SF
Price £3,160,040
Price Per SF £415.90
Unit Use Office/Medical
Sale Type Investment
Net Initial Yield 5.31%
NOI £167,880.28
No. Parking Spaces 12
Description

Great investment opportunity.  Office condo in newer building, constructed in 2020 with credit tenant in place.  Approximately 11 years remaining on existing lease.  NOI over $200k annually with rent escalations each year.  Expense increases pass through to tenant per lease agreement.

Sale Notes

NNN Investment
Medical Office Condo
2020 Construction
Rainbow Boulevard & 215 Frontage
Credit Tenant
11 years remaining on existing lease

Amenities

  • 24 Hour Access
  • Security System
  • Central Heating
  • Reception
  • Suspended Ceilings
  • Air Conditioning

zoning

Zoning Code R-E
R-E

NNN Tenant Information Click Here to Access

TENANT SF OCCUPIED LEASE END DATE
NuMale Medical 99,999 SF SF Jan 0000
  • Listing ID: 25127991

  • Date on Market: 25/02/2022

  • Last Updated:

  • Address: 6590 S Rainbow Blvd, Las Vegas, NV 89118

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