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8880 Sunset Rd Las Vegas, NV 89148

95,002 SF, 97% Occupancy, High NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents two Class A, three-story office buildings totaling approximately 95,002 square feet, boasting a remarkable 97% occupancy rate. Located in the thriving Southwest Las Vegas submarket, this strategically positioned portfolio benefits from high visibility on Sunset Road, with direct access to the CC-215 freeway, experiencing over 60,000 vehicles daily. The property, built in 2009, features a steel frame with a stucco/stone exterior and is part of a master-planned, eight-building professional office campus known as Corporate Center at the Curve. The buildings enjoy a prime location, situated between Summerlin and Henderson. The portfolio's strong financial performance is highlighted by a substantial Net Operating Income (NOI) of $1,205,235. All leases are structured as triple net (NNN), ensuring full operating expense reimbursement to the owner. Furthermore, common area landscaping is managed by the original developer under a Declarant Mitigating Management Oversight agreement, eliminating the need for owner management while maintaining consistent quality. The area's rapid growth is underscored by recent developments including the Durango Resort, UnCommons mixed-use project, and The Bend mixed-use development, all adding to the property's desirability and value. The property's proximity to three major hospital campuses—Southern Hills Hospital, St. Rose San Martin Hospital, and Spring Valley Hospital—further enhances its appeal and long-term investment potential. This is a rare opportunity to acquire a high-performing, well-located office portfolio in one of Las Vegas's fastest-growing areas. The 6.36-acre lot size provides ample space and future development potential.

Highlights

  • Excellent location near three major hospitals: Southern Hills Hospital (0.5 miles), St. Rose San Martin Hospital (2 miles), and Spring Valley Hospital (4 miles).
  • High-growth submarket with recent additions like the Durango Resort and the developing UnCommons and Bend mixed-use projects.
  • Triple-net (NNN) leases minimize owner expenses, and landscaping is professionally managed under a Declarant agreement.

Property Details for 8880 Sunset Rd

Property type
Office properties
Square Feet
95,002 SF
Class
A
Buildings
2
Lot Size (sq. ft)
277,042 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0708504
Longitude
-115.285806

FAQs

What type of property is this?
Office property - 95,002 SF, 97% Occupancy, High NOI
Where is the office property located?
The property is located at 8880 Sunset Rd Las Vegas, NV.
What are key features of this property?
This property features: Excellent location near three major hospitals: Southern Hills Hospital (0.5 miles), St. Rose San Martin Hospital (2 miles), and Spring Valley Hospital (4 miles).; High-growth submarket with recent additions like the Durango Resort and the developing UnCommons and Bend mixed-use projects.; Triple-net (NNN) leases minimize owner expenses, and landscaping is professionally managed under a Declarant agreement.
How can I contact the broker?
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8880 Sunset Rd
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