For Sale
$7,653,000

3300 Cimarron RdLas Vegas, NV 89129

Las Vegas Office Building - Excellent Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-story, 28,545-square-foot Class B office building in Las Vegas, Nevada. Located at 3300 N Cimarron Rd, within the established Cheyenne Corporate Center, this property boasts 100% occupancy with a long-term lease (expiring June 2030) to TPx Communications, utilizing the space for call center and training operations. The tenant has a significant history in the center, also leasing 39,478 square feet in another building within the complex, and benefits from an antenna and generator access. The building sits on a 3.51-acre lot, zoned C-1, and features a strong 7.50% cap rate with a net operating income (NOI) of $573,977 and an asking price of $7,653,000 ($268.10/sq ft). Built in 2000, this property benefits from minimal management responsibilities due to the well-managed Cheyenne Corporate Center's homeowner's association, which oversees common areas. The surrounding area includes a mix of office, medical, and retail tenants, with nearby medical facilities such as MountainView Hospital and an Optum campus. Convenient access to US-95 and I-215 highways ensures excellent accessibility for both tenants and investors. This property represents a compelling investment opportunity, priced below replacement cost, in a thriving Las Vegas location. The property's APN is 138-09-821-008.

Highlights

  • 100% leased to TPx Communications for call center and training use, offering a strong investment opportunity priced below replacement cost.
  • Long-term tenant (20+ years) with additional space (39,478 SF total) leased in the center, including antenna and generator access at Building One.

Property Details for 3300 Cimarron Rd

Property type
Office properties
Square Feet
28,545 SF
Class
B
Year Built
2000
Stories
1
Lot Size (sq. ft)
152,896 SF
Units
1

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.220549938463
Longitude
-115.26480140136
3300 Cimarron Rd, Las Vegas, Nevada

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3300 Cimarron Rd
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