2975 Rainbow BlvdLas Vegas, NV 89146

This exceptional 38,784 square foot, Class B office building is located at 2975 S Rainbow Blvd, Las Vegas, NV 89146. Boasting a 7.51% cap rate and a strong NOI of $548,000, this stabilized investment opportunity presents a compelling return. The property features 18 units across two stories in a single building, constructed in 1990 and extensively renovated in 2019. Currently 88% occupied, the building benefits from a diverse tenant mix including medical, insurance, mortgage, real estate, and small business tenants. The modified lease structure includes 3% annual escalations, providing consistent income growth. With a net rentable area of 34,270 square feet and a price per square foot of $188.22, this property offers a significant value-add potential due to several below-market leases. The property is zoned C-P and features prime frontage on South Rainbow Boulevard between Sahara and Desert Inn Roads. The asking price is $7,300,000. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable Las Vegas location. The APN is 163-10-703-009.