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For Sale
5900 W Charleston Blvd - Las Vegas, NV 89146
Property Highlights
- Charleston Market Place is a 24,404 SF Retail Center sitting on 2.12 acres of land constructed in 2001 and situated in a densely populated West Las Vegas submarket
- Charleston Market Place is 86% occupied providing an investor an opportunity to capture upside | Market vacancy (5.1%) – submarket vacancy (5.0%)
- Charleston Market Place is anchored by Quality of Life Adult Day Care which represents about 23.7% of the total space | The Adult Day Care Industry is expected to generate $7.6 Billion Revenue in the US in 2023 with a 4.6% Annualized Growth Rate from 2023-2028
- Charleston Market Place features a WALT of 61 months with a synergistic tenant mix providing an investor long-term security
- Property features below market rents with an average of $1.36 PSF NNN limiting an investors downside risk | Submarket Rent/SF of $1.95 NNN
- Priced below replacement costs at $221.48 PSF providing an investor a secure long-term investment
- The asset features a large monument sign as well as 348 linear feet of frontage along West Charleston Boulevard giving it exposure to over 30,500 VPD | Additional exposure to Jones Boulevard which has over 28,400 VPD
- Strategically located across from Luminous Apartments (192 units) and directly in front of Tiffany Place Apartments (220 Units)
Details
- Price: $5,405,000
- Year Built: 2001
- Property Type: Multi-Tenant
- Property Status: For Sale
Additional Details
- Price/SF: $221.48
- Cap Rate: 6.37%
- Rentable Area: 24,404 SF
- Lot Size: 2.12 AC
- Parking Ratio: 4.81/1,000 SF
- Zoning: C-1
- Cross Streets: W Charleston Blvd & S Jones Blvd
Address
Open on Google Maps- Address 5900 W Charleston Blvd
- City Las Vegas
- State/county Nevada
- Zip/Postal Code 89146
