For Sale
$859,000

3889 Eastern AveLas Vegas, NV 89169

High-ROI Office Building, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a 3,129 square foot, single-tenant office building located at 3889 S Eastern Ave, Las Vegas, NV 89169. The property, built in 1964 and extensively renovated in 2013, features a luxurious Class B interior with nine offices, a reception area with a waterfall feature, an ADA-compliant restroom and kitchen on the first floor, and an additional restroom on the second floor. The building boasts ample parking with eight spaces, one designated handicap space, and additional on-street parking. The smart hub ensures efficient internet and cabling. Currently leased under a Net Lease (NNN) agreement with a remaining term of approximately 0.7 years, expiring July 30, 2025, with a three-year renewal option. The tenant, Blackwood Camera Rental, maintains 100% occupancy since July 1, 2022. The property sits on a 0.23-acre lot, zoned Commercial Professional (CP), and offers a strong NOI of $63,050, resulting in a 7.34% cap rate. The asking price is $859,000, translating to $274.53 per square foot. Its prime location along the Eastern Corridor, with approximately 32,000 vehicles passing daily, ensures high visibility and accessibility. The property's proximity to Desert Springs Hospital (less than one mile) and Sunrise Hospital (under two miles) further enhances its desirability. This is a turnkey investment opportunity with significant potential for long-term returns. APN: 162-14-710-037.

Highlights

  • $859,000 asking price for a 3,129 SF Class B office building in Las Vegas, NV.
  • Net lease investment opportunity with a 7.34% cap rate and $63,050 annual NOI.
  • 100% occupancy with a lease expiring July 30, 2025, with one 3-year renewal option.
  • Located at 3889 S Eastern Ave, Las Vegas, NV 89169, on a 0.23-acre lot.
  • Features luxurious finishes, 8 parking spaces (including 1 handicap space), and additional on-street parking.
  • ADA compliant with accessible restroom and kitchen, plus a second-floor restroom.

Property Details for 3889 Eastern Ave

Property type
Office properties, Office space
Square Feet
3,129 SF
Class
B
Year Built/Renovated
1964/2013
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1187173
Longitude
-115.119391
3889 Eastern Ave, Las Vegas, Nevada

FAQs

What type of property is this?
Office property - High-ROI Office Building, NNN Lease
Where is the office property located?
The property is located at 3889 Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: $859,000 asking price for a 3,129 SF Class B office building in Las Vegas, NV.; Net lease investment opportunity with a 7.34% cap rate and $63,050 annual NOI.; 100% occupancy with a lease expiring July 30, 2025, with one 3-year renewal option.
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3889 Eastern Ave
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