125 Corporate Park DrHenderson, NV 89074

Property Details for 125 Corporate Park Dr

Year built

2003

Construction

CONCRETE

Lot size

0.82 AC

Property size (Sq ft)

12,186 SF

Property type

Warehouses

APN

178-15-611-045

APU

17815611045

Description

This exceptional Class A, 12,320-square-foot distribution center in Henderson, Nevada presents a compelling investment opportunity. Located at 125 Corporate Park Dr, 89074, this single-story building, constructed in 2004, sits on a 0.82-acre lot and boasts a 22-foot ceiling height. Currently 100% occupied by a single tenant under a NNN lease with a corporate guarantee, the lease commenced March 1, 2019, and has a remaining term of nine years, renewing annually through March 1, 2034. The property features two loading docks with two dock-high doors, providing efficient logistics. With an asking price of $3,700,000, the property offers a current cap rate of 4.71% and a pro-forma cap rate of 5.34%, reflecting a strong NOI of $174,270 and a pro-forma NOI of $197,412. The annual rent bumps ensure consistent income growth. The property is zoned I-G and includes ample parking (1.64 spaces per 1,000 square feet). This fully leased investment property offers a secure and profitable return with significant upside potential. The land value is $301 per square foot. The property's strong tenant history and favorable lease terms make it an attractive addition to any investment portfolio.

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0373

Longitude

-115.034

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].