For Sale
$13,950,000

871 Grier DrLas Vegas, NV 89119

Owner-user opportunity with income.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 52,676-square-foot industrial flex building in Las Vegas' Hughes Airport Center presents a unique owner-user investment opportunity. The property, built in 1986 and situated on 3.36 acres, features one single-story building with four units, currently 67% occupied by three tenants. Generating a current NOI of $462,800, the building boasts a weighted average lease term (WALT) of 1.6 years with lease extension options available at 95% of fair market value. The property includes 134 parking spaces, four loading docks, and four dock-high doors. Ceiling heights range from 22 to 24 feet. The building features a new roof (2023) and significant existing infrastructure, including a 1000kW backup generator and substantial HVAC capacity. A 10,451-square-foot vacancy exists, presenting a potential for owner-occupancy and further income generation. The property is zoned IL and benefits from its strategic location near the Las Vegas Airport, major freeways (I-215/I-15), and the Strip. This rare acquisition opportunity offers a blend of immediate income and long-term potential, with the possibility of securing low-cost SBA financing to offset occupancy costs. The property's location within the high-image Hughes Airport Center adds to its appeal.

Highlights

  • $13,950,000 asking price for a 52,676 SF industrial flex/manufacturing/warehouse building in Las Vegas, NV.
  • Owner-user opportunity with existing income from three tenants generating $44,847/month in net rent.
  • Located in the Hughes Airport Center, offering excellent access to the Las Vegas Airport, major freeways, and the Strip.
  • Features four loading docks, 22-24' ceiling heights, and ample parking (134 spaces).
  • 67% occupancy with a 10/1/2024 occupancy date; potential for SBA loan to cover upcoming vacancy.

Property Details for 871 Grier Dr

Property type
Warehouses, Industrial properties
Square Feet
52,676 SF
Year Built
1986
Buildings
1
Stories
1
Lot Size (sq. ft)
146,362 SF
Units
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.068810082368
Longitude
-115.14330638978
871 Grier Dr, Las Vegas, Nevada

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871 Grier Dr
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