For Sale
$15,000,000

5625 Valley View BlvdLas Vegas, NV 89118

Prime Las Vegas Warehouse Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional redevelopment opportunity presents a 44,000-square-foot warehouse situated on a 3.53-acre lot in Las Vegas, Nevada. Ideally located at 5625 S Valley View Blvd, this property enjoys a prominent position across from Allegiant Stadium, offering significant potential for future development. The existing Class C warehouse, built in 1979, features five loading docks, one dock-high door, and a 20-foot ceiling height. Currently zoned M-1, this multi-tenant property boasts 4 units and is offered at an asking price of $15,000,000 with a 2.50% cap rate. The current lease is a NNN (Net, Net, Net) agreement with a tenant leaseback for two years at a rate of $0.70 per square foot. This presents a unique chance to acquire a substantial industrial asset in a high-growth area with significant upside potential. The property's strategic location near Allegiant Stadium and its substantial size make it an attractive investment for developers seeking a high-impact project. The existing warehouse provides immediate income while redevelopment plans are underway. This is a rare opportunity to capitalize on the burgeoning Las Vegas market. The property's 44,000 net rentable square feet offer ample space for a variety of redevelopment scenarios. Don't miss this chance to acquire a significant piece of Las Vegas real estate.

Highlights

  • 44,000-square-foot warehouse on a 3.53-acre lot in Las Vegas.
  • Located across from Allegiant Stadium.
  • Class C warehouse built in 1979 with five loading docks, one dock-high door, and 20-foot ceilings.
  • M-1 zoning, four units, $15,000,000 asking price, 2.50% cap rate.
  • NNN lease with a two-year tenant leaseback at $0.70/SF.

Property Details for 5625 Valley View Blvd

Property type
Warehouses, Industrial properties
Square Feet
44,000 SF
Class
C
Year Built
1979
Lot Size (sq. ft)
153,767 SF
Units
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0872947
Longitude
-115.1910928
5625 Valley View Blvd, Las Vegas, Nevada

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5625 Valley View Blvd
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