TITLE:
Five Tenant Las Vegas Storefront Retail/Office
CONTROL:
Exclusive
VALUE:
$5,250,000
LOAN:
$2,750,000
EQUITY:
$2,500,000
TYPE:
Retail/Commercial
HAVE:
36,601 sq.ft. on 3.11 acres. Constructed in 1985 and renovated in 2016, roof recently epoxied. 25 month WALT. 67% occupied by largest privately (local) owned health club, Movement Fitness. Well-rounded tenant mix. ~43,000 AADT on E Flamingo Rd.
WEBSITE URL:
ADDRESS:
3075 E Flamingo Road, Las Vegas, Nevada
BENEFITS TO NEW OWNER:
Stabilized cash flow from local tenants.
OTHER FILES:
GROSS SCHEDULED INCOME:
$449,225 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$449,225
EXPENSES:
$114,832
NOI:
$334,393
DEBT SERVICE:
$0
CASH FLOW:
$334,393
CAP RATE:
6.37%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$2,500,000
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Cash. Exchange up into value-add asset in LV, Phoenix, Tuscon, and/or Southern California.
CAN ADD:
Cash
Seller owns a lending company
COUNSELOR:
Lucas Mojonnier
Coldwell Banker Commercial Premier
2635 St Rose Parkway #200
Henderson, Nevada, 89052
Cell: 702-580-9800
Email lucas@mojocre.net
