1980 Festival Plaza DrLas Vegas, NV 89135

Property Details for 1980 Festival Plaza Dr

Year built

2009

Construction

STEEL FRAME

Lot size

1.59 AC

Property size (Sq ft)

214,704 SF

Property type

Office properties

Property subtype

Office buildings

APN

164-01-311-007

APU

16401311007

Description

This exceptional 7,592 square foot Class A executive office suite is available for sublease in Las Vegas, Nevada. Located at 1980 Festival Plaza Drive, zip code 89135, this single-tenant space offers a complete and immediately available solution for businesses seeking a prestigious location. The property boasts a total building size of 7,592 square feet, with the entire space currently vacant and ready for occupancy. Situated in Sonoma County, this office building provides a modern and efficient workspace, ideal for companies requiring ample room and a high-quality environment. The property's prime location in Las Vegas offers easy access to major transportation routes, amenities, and a vibrant business community. This is a unique opportunity to secure a substantial, move-in ready office space in a highly desirable area. The property is classified as Class A, reflecting its superior construction, amenities, and overall quality. All 7,592 square feet are available for immediate sublease, making it an attractive option for businesses needing quick relocation or expansion. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is located in Las Vegas, NV, within Sonoma County.

• CAP approach

  CAP return

  Valuation

  6%

  $70,876,904

  6.5%

  $65,424,836

  7%

  $60,751,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,015,948

  Geo Method

  $43,015,948

• Alternative Use

  Use

  Valuation

  Residential

  $81,126,792

  Hospitality

  $74,311,704

  Educational

  $61,826,468

  Medical

  $63,952,776

  Retail

  $96,174,504

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1502

Longitude

-115.333

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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