For Sale
$4,353,000

220 Horizon Dr Henderson, NV 89015

Henderson, NV Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 14,060-square-foot medical office building, located at 220 E Horizon Dr in Henderson, Nevada, presents a compelling investment opportunity. The Class B property, built in 1999 and renovated in 2019, sits on a 1.22-acre lot zoned CN (Neighborhood Commercial) and boasts 74 parking spaces. Currently 83% occupied, the multi-tenant building features a strong anchor tenant, the Southern Nevada Health District, and several long-term tenants including Premier Dental, Black Mountain Youth Academy, Little Angels Youth Services, and The Empowerment Centre. The asking price is $4,353,000, representing a 5.00% cap rate and a price per square foot of $309.60. The Net Operating Income (NOI) is $217,654. The property's modern two-tone exterior paint and desert landscaping create a visually appealing presentation. Its convenient location, approximately half a mile east of US-95, offers excellent visibility and accessibility. The building's design accommodates six tenants, and one vacant suite presents an opportunity for an owner-user or additional lease income. The property features extensive medical build-outs, including numerous wet exam rooms and extra restrooms in several suites. This is an ideal investment for buyers seeking strong income generation from established tenants or owner-users desiring supplemental income. The lease type is NNN.

Highlights

  • Modern two-tone exterior, desert landscaping with mature plantings.
  • Excellent location, approximately 0.5 miles east of US-95, parallel to E. Horizon Dr.
  • 83% occupancy, anchored by Southern Nevada Health District with long-term tenants.
  • 14,060 SF building on a 1.22-acre C-N zoned lot, originally designed for six tenants.
  • High-end medical build-out featuring numerous wet exam rooms and extra restrooms.
  • Ideal for investors seeking strong income or owner-users desiring supplemental income.

Property Details for 220 Horizon Dr

Property type
Office properties, Medical offices
Square Feet
14,060 SF
Class
B
Year Built/Renovated
1999/2019
Stories
1
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Henderson
County
Clark
State
Nevada
Latitude
36.0128001
Longitude
-114.9844551

FAQs

What type of property is this?
Office property - Henderson, NV Medical Office Investment
Where is the office property located?
The property is located at 220 Horizon Dr Henderson, NV.
What is the asking price?
The asking price for this property is $4,353,000.
What are key features of this property?
This property features: Modern two-tone exterior, desert landscaping with mature plantings.; Excellent location, approximately 0.5 miles east of US-95, parallel to E. Horizon Dr.; 83% occupancy, anchored by Southern Nevada Health District with long-term tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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220 Horizon Dr
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