Laborers Union Building

  • $8,500,000
7135 W Sahara Ave - Las Vegas, NV 89117
For Sale

Laborers Union Building

7135 W Sahara Ave - Las Vegas, NV 89117
  • $8,500,000

Property Highlights

  • 100% leased multi-tenant medical office asset with a diverse mix of medical and anchored by the Laborers Union Local 872 headquarters
  • This asset has experienced 100% occupancy since 2018 and features a WALT of 59.80 months and WALR of $22.20 Price/SF annually
  • Centrally located asset in a desirable West Las Vegas submarket at the entrance to Summerlin and the Southwest with easy access to I-215, Summerlin Parkway and US-95 Freeway
  • Continued migration of high quality and high income residents to Las Vegas metropolitan | Continued migration of large and small companies from California and the Pacific Northwest
  • Attractive in-place non-recourse debt – contact for details
  • Year 1 cash-on-cash Return of 10.13% | Average cash-on-cash on a 5-Year Hold is 11.03%

Details

  • Price: $8,500,000
  • Year Built: 1999/2019
  • Property Type: Multi-Tenant
  • Property Status: For Sale

Additional Details

  • Price/SF: $290.84
  • Rentable Area: 27,674 SF
  • Lot Size: 1.98 AC
  • Parking Ratio: 3.39/1,000 SF
  • APN/Parcel ID: 163-10-502-013
  • Zoning: C-2
  • Cross Streets: W Sahara Ave & Rainbow Blvd
  • Address 7135 W Sahara Ave
  • City Las Vegas
  • State/county Nevada
  • Zip/Postal Code 89117

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