975 American Pacific DrHenderson, NV 89014

Property Details for 975 American Pacific Dr

Year built

1996

Construction

CONCRETE

Lot size

2.82 AC

Property size (Sq ft)

55,134 SF

Property type

Industrial properties

APN

178-14-111-035

APU

17814111035

Description

This ±55,974 square foot industrial building, situated on 2.76 acres in Henderson's desirable submarket, offers ±8,413 square feet of newly renovated flex space, divisible into units as small as ±3,560 square feet. The single, two-story building boasts 8 dock-high doors, 4 drive-ins, and ample parking (85 spaces). Built in 1996, the Class B property features a 26-foot ceiling height and is conveniently located near the US 95 and I-215 Beltway, providing easy access to major transportation routes. The property is zoned IG (General Industrial, Henderson Jurisdiction) and offers 120/208 volt, 3-phase power. Recent renovations enhance the space, which is ideal for a variety of industrial and office uses. The lease rate is $0.78-$0.99 per square foot (NNN), with estimated 2023 CAMs of $0.23 per square foot. The property is situated on American Pacific Drive, with frontage on Cassia Way, and features a 10-foot clear ceiling height. The property includes six total suites. This is a multi-tenant building. The APN is 178-14-111-035.

• CAP approach

  CAP return

  Valuation

  6%

  $31,916,100

  6.5%

  $29,461,000

  7%

  $27,356,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,673,800

  Geo Method

  $17,673,800

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $15,296,400

  Mixed-Use / Specialty

  $15,390,800

  Hospitality / Lodging

  $11,485,600

  Office

  $15,454,500

  Institutional / Educational

  $16,053,500

  Residential Income

  $18,782,600

  Multifamily

  $21,701,200

  Automotive / Energy

  $13,760,100

  Parking / Income-Based Land

  $4,601,320

  Restaurant / Food Service

  $8,322,700

  Healthcare / Senior Housing

  $15,630,300

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0412

Longitude

-115.028

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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