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INVESTMENT HIGHLIGHTS
- PRIME LOCATION: The Property is located on Sunset Rd directly across from Harry Reid Intl. Airport with 364 ft of street frontage & runway visibility.
- OPPORTUNITY ZONE: Situated within an Opportunity Zone, the Property offers substantial tax benefits.
- TURNKEY INFRASTRUCTURE, FULL BUILDING OR CONDO OPTIONS: Property is fully equipped with existing improvements and offers flexible infrastructure.
- INCOME TAX FREE STATE: Nevada has no state income tax.
EXECUTIVE SUMMARY
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
840 Grier Dr. is a three-story office building, totaling approximately ±66,212 SF on ±3.73 acres. The building was constructed in 1997 and is located within the MGM office campus in Central Las Vegas. Ideally positioned near major highways I-15 and I-215, the Property boasts ±364 feet of frontage along Sunset Rd. (±31,600 CPD) and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities: an investor could lease it to a large single tenant or multiple tenants, or the Property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all theses options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term.
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
840 Grier Dr. is a three-story office building, totaling approximately ±66,212 SF on ±3.73 acres. The building was constructed in 1997 and is located within the MGM office campus in Central Las Vegas. Ideally positioned near major highways I-15 and I-215, the Property boasts ±364 feet of frontage along Sunset Rd. (±31,600 CPD) and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities: an investor could lease it to a large single tenant or multiple tenants, or the Property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all theses options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term.
Link to OM: https://logiccre.com/1031_properties/840-grier-dr/
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Office
Property Size
66,212 sq ft
Costar Property Class
B
Year Built
1997
Price
£13,620,130
Price per sq ft
£205.70
Tenancy
Single
Number of Floors
3
Typical Floor Size
22,071 sq ft
Floor To Floor Height
14 ft
Plot ratio
0.41
Total Plot Size
3.73 ac
Opportunity Zone
Yes
Use Class
IP
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Security System
- Signage
- Lift Access
- Balcony
PROPERTY TAXES
| Parcel Number | 177-03-510-017 | Improvements Assessment | £2,380,591 |
| Land Assessment | £893,313 | Total Assessment | £3,273,904 |
PROPERTY TAXES
Parcel Number
177-03-510-017
Land Assessment
£893,313
Improvements Assessment
£2,380,591
Total Assessment
£3,273,904
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840 Grier Dr
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