7272 El Capitan Way
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7272 El Capitan Way
8,864 SF 100% Leased Retail Building Las Vegas, NV 89148 £4,418,400 (£498/SF) 5.48% Net Initial Yield
Executive Summary
Property is 8,864SF building on .95 acres, with 2 tenants. On the corner of W. Warm Springs and S. El Capitan Aces Bar & Grill and executive offices are leased out. Building is divided between 4,463SF tavern with restaurant and 4,371SF high end office space, 100% leased (2 floors, 2 executive suites, 5 office spaces, 2 reception areas, kitchen, conference room, fireplace, 3 rest rooms). Exterior of building newly painted, and parking lot slurry sealed and restriped in spring of 2018. +112 foot frontage on W Warm Springs Rd and +330 foot frontage on S El Capitan Way. Zoned C2. APN 176-05-801-016. The owner may consider selling Tavern at additional cost.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,864 SF
Building Class
B
Year Built
2006
Price
£4,418,400
Price Per SF
£498
Net Initial Yield
5.48%
NOI
£242,002
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.21
Land Acres
0.95 AC
Zoning
C-2
Parking
60 Spaces (6.77 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Conferencing Facility
- Corner Lot
- Fenced Lot
- Fireplace
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Roof Terrace
- Storage Space
- Car Charging Station
- Recessed Lighting
- Air Conditioning
- Balcony
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 176-05-801-016 | Improvements Assessment | £406,991 |
Land Assessment | £297,499 | Total Assessment | £704,490 |
PROPERTY TAXES
Parcel Number
176-05-801-016
Land Assessment
£297,499
Improvements Assessment
£406,991
Total Assessment
£704,490
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7272 El Capitan Way
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