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7610 W Cheyenne Ave 7,159 sq ft Office Property Las Vegas, NV 89129 £2,159,949 (£301.71/sq ft) 6.25% Net Initial Yield
EXECUTIVE SUMMARY
Cushman & Wakefield US, Inc. is pleased to present for acquisition 7610 W. Cheyenne Ave. (Building Seven). Building Seven is one of nine buildings located within a mixed-use campus consisting of office, medical office, and retail tenants.
The entire campus consists of ±321,245 square feet across nine parcels and is managed by a commercial association that controls the common areas. With the commercial association in place, minimal management is left to the owner(s) of the subject buildings. Additional occupiers within the campus are the State of Nevada Physical Therapy Board, Davita, MPower Communications, and Dennett Winspear Attorneys at Law.
Building Seven is 100% leased to a single tenant, SMI Imaging, Inc, dba SimonMed, which has been a tenant since 2020, and is one of nine locations in Southern Nevada. SimonMed is on a modified gross lease and the current build-out is specialized in nature and suitable for long-term tenancy at the Property.
Medical drivers in the immediate vicinity include MountainView Hospital (Sunrise Health System) with ±425 beds, and the Optum (United HealthGroup) multi-building campus.
Cheyenne Corporate Center has easy access to US-95 (one mile East) and I-215 (3.5 miles West) and is centrally located for the North, Northwest, and West trade areas.
The entire campus consists of ±321,245 square feet across nine parcels and is managed by a commercial association that controls the common areas. With the commercial association in place, minimal management is left to the owner(s) of the subject buildings. Additional occupiers within the campus are the State of Nevada Physical Therapy Board, Davita, MPower Communications, and Dennett Winspear Attorneys at Law.
Building Seven is 100% leased to a single tenant, SMI Imaging, Inc, dba SimonMed, which has been a tenant since 2020, and is one of nine locations in Southern Nevada. SimonMed is on a modified gross lease and the current build-out is specialized in nature and suitable for long-term tenancy at the Property.
Medical drivers in the immediate vicinity include MountainView Hospital (Sunrise Health System) with ±425 beds, and the Optum (United HealthGroup) multi-building campus.
Cheyenne Corporate Center has easy access to US-95 (one mile East) and I-215 (3.5 miles West) and is centrally located for the North, Northwest, and West trade areas.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
7,159 sq ft
Costar Property Class
C
Year Built
2004
Price
£2,159,949
Price per sq ft
£301.71
Yield
6.25%
NOI
£135,009
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,159 sq ft
Plot ratio
0.22
Total Plot Size
0.76 ac
Use Class
C-1 - Intended to provide local businesses that serve nearby residents, such as restaurants and grocery stores
Parking
54 Spaces (7.82 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Bus Route
- Signage
PROPERTY TAXES
| Parcel Number | 138-09-821-016 | Improvements Assessment | £303,969 |
| Land Assessment | £171,653 | Total Assessment | £475,622 |
PROPERTY TAXES
Parcel Number
138-09-821-016
Land Assessment
£171,653
Improvements Assessment
£303,969
Total Assessment
£475,622
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7610 W Cheyenne Ave
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