8880 Sunset RdLas Vegas, NV 89148

Property Details for 8880 Sunset Rd

Year built

2009

Construction

CONCRETE

Lot size

3.18 AC

Property size (Sq ft)

46,016 SF

Property type

Office buildings

APN

163-32-810-002

APU

16332810002

Description

This exceptional investment opportunity presents two Class A, three-story office buildings totaling approximately 95,002 square feet, boasting a remarkable 97% occupancy rate. Located in the thriving Southwest Las Vegas submarket, this strategically positioned portfolio benefits from high visibility on Sunset Road, with direct access to the CC-215 freeway, experiencing over 60,000 vehicles daily. The property, built in 2009, features a steel frame with a stucco/stone exterior and is part of a master-planned, eight-building professional office campus known as Corporate Center at the Curve. The buildings enjoy a prime location, situated between Summerlin and Henderson. The portfolio's strong financial performance is highlighted by a substantial Net Operating Income (NOI) of $1,205,235. All leases are structured as triple net (NNN), ensuring full operating expense reimbursement to the owner. Furthermore, common area landscaping is managed by the original developer under a Declarant Mitigating Management Oversight agreement, eliminating the need for owner management while maintaining consistent quality. The area's rapid growth is underscored by recent developments including the Durango Resort, UnCommons mixed-use project, and The Bend mixed-use development, all adding to the property's desirability and value. The property's proximity to three major hospital campuses—Southern Hills Hospital, St. Rose San Martin Hospital, and Spring Valley Hospital—further enhances its appeal and long-term investment potential. This is a rare opportunity to acquire a high-performing, well-located office portfolio in one of Las Vegas's fastest-growing areas. The 6.36-acre lot size provides ample space and future development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $9,996,766

  6.5%

  $9,227,784

  7%

  $8,568,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,219,306

  Geo Method

  $9,219,306

• Alternative Use

  Use

  Valuation

  Residential Income

  $11,442,452

  Hospitality / Lodging

  $10,481,225

  Institutional / Educational

  $8,720,256

  Healthcare / Senior Housing

  $9,020,159

  Retail / Commercial

  $13,564,843

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.071

Longitude

-115.286

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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