OFFERING MEMORANDUM
HISTORIC DOWNTOWN OFFICE BUILDING
710 S 9TH STREET | LAS VEGAS, NV 89101 TABLE OF CONTENTS
03 OFFERING HIGHLIGHTS
04 PROPERTY PHOTOS
05 FLOOR PLAN
06 AREA OVERVIEW
10 WHY LAS VEGAS?
© 2020 CBRE, Inc. All Rights Reserved. OFFERING HIGHLIGHTS HIGHLIGHTS OFFERING SELLER FINANCING AVAILABLE! CBRE is pleased to offer an exceptional owner-user opportunity to purchase a • Ideal for a Professional Owner-User single-story office building in the historic Downtown Las Vegas. The property offers easy access to E. Charleston Blvd. and is close to the Clark County • Located in historic Downtown Las Vegas District, City of Las Vegas Municipal and Federal Courthouses, and many • Walking distance to all courthouses in Downtown notable restaurants within walking distance. The property offers approximately ±6,228 SF and is ideal for a professional owner-user and comes complete Las Vegas with two larger conference rooms, a training room, a beautiful lobby, eight • Private Parking garage private offices in the main building, a kitchen, ample parking, and a private garage. The second half of the building offers the Buyer the option to extend • Zoned P-R, Professional Offices the office count and collect extra cashflow, as an option. Seller financing available. • Close to many amentities PROPERTY DESCRIPTION • Walking distance to many notable restaurants. The property consists of a single-story office building built in 1947 and totals ±6,228 SF with excellent street frontage on South 9th Street.
PROPERTY LOCATIONOFFERING SUMMARY This owner-user opportunity is located at the South end of 9th Street, having the civic address of 710 S. 9th Street, Las Vegas, ASKING PRICE: $1,100,000.00 NV 89101. The property is within walking distance to the Clark County District, City of Las Vegas Municipal and Federal TOTAL BUILDING AREA: ±6,228 SF Courthouses. Easy accesss to E. Charleston Blvd., and close to the North Premium Outlet Mall, the Smith Center for Performing Arts, the World Market Center and much more. SITE SIZE: ±0.31 Acres
YEAR BUILT: 1947
APN: 139-34-810-070
ZONING: P-R, Professional Offices & Parking
Gass Ave. - 1,937 CPD TRAFFIC COUNTS: Charleston Ave. - 33,000 CPD
3 | HISTORIC DOWNTOWN OFFICE BUILDING PROPERTY PHOTOS
4 | HISTORIC DOWNTOWN OFFICE BUILDING FLOOR PLAN FLOOR PLAN
PARKING GARAGE
(NOT TO SCALE)
5 | HISTORIC DOWNTOWN OFFICE BUILDING 710 S 9th St - Offering Memorandum | 6 ASSESSOR’S PARCEL MAP K . P C O
This map is for assessment use only and does NOT represent a survey. A
ASSESSOR'S PARCELS - CLARK COUNTY, NV. E O M S S 2 SE 4 B T20S R61E 34 139-34-8 Briana Johnson - Assessor No liability is assumed for the accuracy of the data deliniated herein. 8 4 8 4 125 124 123 6 5 4 3 2 1 Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 5 1 5 1 from the Road Document Listing in the Assessor's Office. SUB BOUNDARY AIR SPACE PCL 001 PARCEL NUMER 7 8 9 10 11 12 D PM/LD BOUNDARY 138 139 140 1.00 ACREAGE 18 17 16 15 14 13 N RIGHT OF WAY PCL 6 2 S ROAD EASEMENT 2 6 E 19 20 21 22 23 24 E This map is compiled from official records, including surveys and deeds, SUB-SURFACE PCL 202 PARCEL SUB/SEQ NUMBER Y G MATCH / LEADER LINE T 162 161 30 29 28 27 26 25 7 3 7 3 but only contains the information required for assessment. See the E PB 24-45 PLAT RECORDING NUMBER 163 W O q HISTORIC LOT LINE L 31 32 33 34 35 36
K
N recorded documents for more detailed legal information. HISTORIC SUB BOUNDARY BLOCK NUMBER 176 177 178 P 8 4 8 4 P USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL 5
A HISTORIC PM/LD BOUNDARY 5 LOT NUMBER D
M 5 1 5 1 0 100 200 400 600 800 SECTION LINE GL5 GOV. LOT NUMBER Scale: 1" = 200' Rev: 12/8/2020 N A
5 L 1 5 2 3 19 1 27 8 0 14 16 0 32 0 1 0 Y 5 021 1 1 5 29 10 043 5. 18 14 9 PB 1-35 18 5 26 08 124 012 0 ST 5 2 R 31 2 80 15 30 015 11 10 9 6 5 0 701 19 8 10 4 29 25 1 2 5 17 . 2 A 0 11 0 H 2 5 098 30 020 31 5 8 1 8 12 046 T 2 008 7 20 8 120 0 9 1 3 4 5 0 1 5 0 5 5 . 0 5 24 0 1 V M 5 4 2 2 32 8 2 4 A 2 29 14 S F 0 C 32 2 5 13 044 1 8 XT 5 23 0 0.48 40 21 20 1 015 0 5 2 E5 0 14 . 1 .3 2 2 31 E5 1 1 4 0 072 1 0 0 14 045 1 PM 0 40 9 1 60 2 22 H 5 5 5 4 5 801 5 22 SI PB 1-13 0 1 2 002 2 0 :1 13 5 2 30 057 027 2 015 2 15 T 7 10 2 028 70 14 5 21 116-24 80 8 23 14 2 29 0 401 T 222 1 0 3 V 8 5 0.16 4 019 H 11 2 A 0 2 3 0 4 16 1 018 20 8 0 C 13 4 28 5 24 2 15 S 1 0 055 2 1 4 0 005 40 G 9 1 60 12 026 01 046 4 0 001 19 16 17 0 16 3 5 I 056 25 6 5 029 2 002 27 14 003 1 05 020 0 5 40 :1 9 0.8 H 221 18 E 10 2 13 27 VA 1020 26 26 18 0 035 C 0 T 5 3 054 6 5 29 801 033 11 3 14 025 6 044 L 25 2 10 1 17 27 19 E 15 6 40 011 25 2 004 13 030 4 N 27 14021 12 057 4 0 29 15 9.9 7 W 0 5 28 8 20 5 24 0 I E 0.16 0 1 2 2 S 7 9 4 053 5 043 220 0 0 13 5 16 024 8 1 5 089 1 11 1 031 A E 26 23 1 29 0 21 8 2 31 . 003 001 01 05 V 8 29 14 6 5 4 0 9 E 14 T 25 22 058 2 2 0 30 5 22 0 9 052 30 5 042 2 0.32 5 15 7 2 10 9 R 7 2 001 6. 219 10 004 5 21 29 15 31 23 16 I 24 32 2 3 PB 1-51 5 1 16 8 023 11 16 7 11 40 20 28 032 041 044 H 23 6 31 051 5 32 24 0 801 1 2 6 006 4 059 9 4 5 022 0 19 1 1 12 T 12 27 23 40 5 25 218 22 5 005 015 30 14 2 8 7 16 18 10 088 090 5 2 0 13 040 13 5 29 26 033 26 064 801 5 2 5 1 21 T 4 8 11 2 14 023 17 6 3 PIONEER HEIGHTS 7 223 28 060 25 5 . 217 14 WARDIE5 014 2 27 9 V 20 2 S AC 1 9 1 12 19 0 9 4 4 15 3 0 15 ADD 0 24 4 4 010 . 2 27 14 7 5 28 7 0 19 10 0 001 13 1 091 17 2 038 5 410 04 H 1 224 PB 1-13 024 5 40 5 40 16 034 0 16 013 26 2 087 23 29 1.83 51 2 18 14 8 18 1 0 2 0 5 T 11 4 : 0 6 5 0 2 0 22 6 8 1 24 25 5 016 19 30 2. 1 4 6 225 N 12 1 15 022 5 1 0 9 5 092 2 PB 1-35 2 3 13 11 025 2 5 9 7 = 006 6 21 006 0 L 9 . 012 24 32 2 20 8 . 3 E 0.48 5 2 31 47 1 3 13 1 16 2 0 037 5. 40 8 811 15 2 LADDS ADDITION 0 20 10 C 1 23 086 8 V 5 31 1 21 0 4 7 5 32 5 17 14 1 0 L 026 061 9 021 1 2 2 E 22 19 9 1 A 14 1.03 011 801 30 22 5 0 30 007 1 1 R 15 1 5 10 2 40 16 0 5 7 4 2 18 K 005 5. 5 0 S 21 0 5 2 036 6 5 5 2 0 029 5 23 2 8 1 29 093 1 5 2 2 3 7 16 2 0 A 5 2 PIONEER 027 5 11 22 . 5 20 8 020 1 . 1 1 062 V 17 3 V .26 5 06 3 104 10 AC 9 5 92 7 5 3. 0 0 122 PT 28 24 2 E 1 7 13 1 1 0 032 9 8 4 5 12 008 HEIGHTS 0 0 2 4 004 3 27 5 19 9 2 1 028 8 0 25 6 E 5 7 2 17 1 RU 8 28 PB 1-35 028 1 2 13 3 T .3 7.9 005 18 2 1 5 5 7 10 29 4 10 1 :5 019 5 14 043 5 5 2 2 26 0 1 5 119 007 2 4 2 2 045 6 E 18 1 S E5 4 4 0 6 3 14 0 11 0.24 17 11 6 V 7 5 5 801 27 5 AC 8 2 19 .6 1 2 5 5 3 2 1 029 15 5 40 12 008 4 2 044 4 H 7 2 7 048 31 30 051 1 1 28 7 2 5 1 3 32 4 1 8 20 1 4 1 9 14 0 018 2 20 :6 6 0 009 401 0 3 044 .9 1 118 0 16 T 8 2 : 4. 9 9 5 4 1 32 3 5 13 12 5 5 .9 1 0.37 0 007 1 008 5 6 8 5 9 2 40 5 . 2 1 1 0 15 23 0 31 0 29 1 2 21 5 7 62 2 4 3 4 . 9 1 R 008 9 1 N 9 7 5 4 2 4 . 4 0 0 5 6 =2 9 1 5 006 005 0 5 1 9 6 027 801 2 22 30 094 30 21 2 2. 5 010 22 1 5 2 5 7 017 E 12 5 13 5 2 2 10 035 7 AC 0 . 5 4 7 0.32 083 31 0 41 V 0.48 5 1 0.24 26 041 21 065 29 B . V 23 2 1 2 1 4 1 7 4 1 4 0 11 0 6 016 0 0 8 O 5 6 5 25 13 0 28 32 24 Y 18 0 1 20 034 N E 5 3 053 1 7 2 40 030 9 095 R N 1 016 5 12 7 14 6 = 4 2 L 0 007 24 801 19 27 20 0 W 4 5 E 0 25 2 T 5 015 5 13 2 2 066 10 1 9 V E : 036 17 8 PB 1-2 7 SOUTH 18 082 1 7. 2 14 18 WARDIE ADD 6 3 K 23 26 5 7 I 26 0 1 5 S L 5 0 5 2 8 5 054 2 33 0 4 . LADDS 15 23 ADD 2 11 096 2 L 14 18 1 8 031 2 E 0 P 9 22 010 17 20 25 20 2 27 6 ADD 1 5 PB 1-51 5 19 4014 1 H 3 2 A 5 5 22 2 04 67 12 15 9 21 0 24 V 28 2 012 17 5 AC D 7 13 T 081 3 0 E 2 20 21 006 0 13 4 1 8 V PT16 10 243 032 40 16 58 0 20 5 PB 1-13 23 120 29 N 009 8 5 1 N 097 18 14 21 013 20 12 1 I 14 5 4 0 5 11 PB 1-13 24 A 2 19 031 080 22 19 015 30 9 22 1 87 PT16 PT 801 5 N 15 6 049 1 033 L 4 12 242 007 2 5 5 10 0 35 10 18 2 21 31 32 20 5 23 2 5 1 026 T 7 2 Y 13 2 40 098 20 1 16 0 5 11 0 17 0.4 31 20 1 6 21 5 32 3 8 12PT 13079 S 40 014 2 R 24 T 14 9 8 14 14 14 10 6 0 068 .92 0 0 CL 16 034 T 30 19 22 A 12 25 S 4 1 AR 5 241 9 30 40 2 15 PT S 7 810 099 H 112 23 1 R= 13 5 (1) K A 15 29 042 18 0 045 8 26 V 012 1 10 041 G 5 013 5 0 M 050 5 E 4 5 V T 10 3 046 H 16 0 2 0 A 2 0 4 PB 1-35 5 C A 14 6 17 24 27 5 PT 5 14 H 28 069 5 20 011 5 T (18) 240 10 1 2 02 R 1 N 111 2 9 0 0 1 0 3100 012 003 15 5 5 1 035 T 5 C 9. 0 2 10 7 13 27 1 0 92 R 25 012 5 PT14 0 28 6 N 801 40 9: E = E 1 (19)011 5 009 2 18 2 4 :1 2 14 4 S 5 801 22 0 8 0 10 23 010 16 055 33 H 0 4 E 8 2 12 26 T 012 26 29 0 0 A 2 1 0 14 4 1 0.49 0 3 5 19 1 0.16 PM 122-17 7 5 G 11 V 011 21 0 E 9 . 1 25 078 VA 5 0 30 1 PM 67-25 1 5 11 036 I E 0 1 039 C 14 1 0.24 (21) 8 4 5 4 27 011 813 1 2 4 0 070 2 2 0 5 T 10 12 0 7 20 E 5 24 02 5 0 3 013 31 (22) 2 32 2 2 5 AC 5 1 1 2 0 0 68.81 4 5 5 009 3 2 V R 2 0 PB 1-51 14 0 15 010 5 11 15 2 9 19 28 13 077 0 : 109 1 1 32 I 1 23 31 18 1 . 5 3 4 0.41 9 2 (23) 1 14 4 14 4 14 8 038 6 0 013 1 1 0 8 12 0 14 30 101 040 030 4 3 4 H 1 239 1 5 22 116 29 0 0 2 7 18 2 1 7 PB 1-2 071 0 0 1 5 T 33 027 15 076 17 1 2 7 . 13 0 21 29 6 9 2 5 19 (25) 1 2 1 8 2 30 0 4 2 6 30 8 0 . . 6 14 5 3 0 16 28 16 0 5 4 20 5 009 2 2 (26) 060 2 016 037 . 4 2 1 102 2 31 1 4 072 5 7 E5 9 1 5 15 0 34 4 3 1 1 0 (27) 19 075 27 1 40 2 . 2 0 1 056 2 5 2 0.7 R=20 801 4 3 PM 2 16 2 21 1 32 8 . 5 1 10 2 6 18 26 108 6 (28) 0 2 103 5 0 7 . 0 074 1 1 2 4 4 PM G 5 1 5 4 3 0 6 2 2 0 6 3 (29) 6 118-8 A 073 6 25 1 17 9 4 50 50 3 6 S 2 V057 4 1 AC 67-25 0 1 107 . 0 . 1 7 4 4 9 0 . 1 5 0 S 0 6 4 002 5 7 24 5 7 0 2 104 5 4 5 112.72 0 2 4 2 1 7 . 2 (30) 3 1 A 5 5. 002 32 6 7 3 5 2 5 01 7 . 1 3 5 8 V 1 0 2 1 1.97 5 1 7 (31) 0 23 015 6 0 1 106 1 E 4 . 4 0 78 Ë5 814 7 V 1 .4 9 401 AC 2 4 6 9 2 105 5 0 0 22 2 2 2 6 7 0 061 5 1 063 002 4 2 2 3 003 . V 3 5 3 AC 0 11 3 1 10 . 4 32 001 5 9 1 4 5 6 1 66 .5 12 60 002 1 5 4
6 0.35
3 0 3 7 0.38 C 017 0 9 A . 1 3 5 93.47 6 7. 4 003 004 0 PT 2PT 2 1 11 2 5 017 13 003 2 . 023 V 0 7 001 4 14 46 1 001 7 0.98 1 2.5 15 8 VAC 412963 VAC 412963 VAC 412963 R=20 40 4 5 10 014 3 50 125 39.67 1 1 89-028 16 4 1 21 3 130 5 17 055 3 5 11 80 18 19 20 0 48.33 135.32 038 018 2 160.53 2 4 6 7 1839 10 020 0 152.4 R=10 5 019 5 037 039 019 PB 2-89 026 021 021 PB 4-6 012 MARYLAND TRACT NO 1 025 0 024 C PB 1-116 813
5 022 MARYLAND TRACT NO 2 RESUB WARDIE ADDITION 812 E5 >E5 0
5 0 E CHARLESTON BLVD 5
5 5 E> 0 0 023 " 014 016 4 024 5 005 PB 2-63 002 003 PB 2-63 HUNTRIDGE SUBDIVISION TRACTS 1,2 & 3 AMD 012 002 013 015 028 017 018 019 020 021 022
0 65 66.8
0 200 60 60 60 60 65 65
51.2 0 0 1
1 218.98 20 4 1 60 012 013 60 60 60 180 60 79.62021 80 50 60 55 R=24 VAC 126:412963 92.1 034 R R=20 VAC 412963 20 VAC 412963 VAC 126:412963 =2 0 6
5 3
6 6 30 30 Y 090 6
.
1 6 007
4 501 W K TAX DIST 203 P
D N A L Y R A
6 | HISTORIC DOWNTOWN OFFICE BUILDING M AERIAL MAP
THE SMITH CITY HALL WORLD MARKET CENTER CENTER US TREASURY REGIONAL JUSTICE CENTER CLARK COUNTY SOHO LOFTS FREMONT ST COURTHOUSE EXPERIENCE CLARK COUNTY THE OGDEN JUHL NEWPORT LOFTS GOVERNMENT CENTER SUPREME COURT OF FEDERAL COURTHOUSE NEVADA NEONOPOLIS GOLD & SILVER PAWN SHOP HOMELAND SECURITY LAS VEGAS ACADEMY OF THE ARTS
GASS AVE
SITE S 9TH ST
E CHARLESTON BLVD
7 | HISTORIC DOWNTOWN OFFICE BUILDING Imagery ©2021 Google, Maxar Technologies, Maxar Technologies, Landsat / Copernicus, Data SIO, NOAA, U.S. Navy, NGA, GEBCO, Data LDEO-Columbia, NSF, NOAA, Imagery ©2021 CNES / Airbus, Maxar 200 ft Technologies, U.S. Geological Survey, USDA Farm Service Agency, Map data ©2021 AREA DEMOGRAPHICS (3 MILE RADIUS) KEY FACTS EDUCATION
187,341 36.4 NO DIPLOMA SOME COLLEGE POPULATION MEDIAN AGE
13.8% 27.2% 22.1% 9.5% 2.67 $51,173
AVERAGE AVERAGE HS GRADUATE BACHELOR’S HOUSEHOLD SIZE HOUSEHOLD INCOME BUSINESS EMPLOYMENT
21.9%
25.0% 39.6% 35.4% 9,825 173,919 UNEMPLOYMENT RATE BLUE COLLAR WHITE SERVICES TOTAL BUSINESSES TOTAL EMPLOYEES COLLAR
Households by Income INCOME The largest group: Under $15,000 (24.6%) The smallest group: $150,000-$199,999 (2.5%) $200,000 and Over $150,000-$199,999 $100,000-$149,999 $75,000-$99,999 $50,000-$74,999 $35,000-$49,999 $31,743 $13,394 $18,610 $25,000-$34,999 MEDIAN HH MEDIAN NET $15,000-$24,999 PER CAPITA INCOME INCOME WORTH Under $15,000
0 5,000 10,000 15,000 20,000
8 | HISTORIC DOWNTOWN OFFICE BUILDING AREA DEMOGRAPHICS (5 MILE RADIUS) KEY FACTS EDUCATION
547,707 34.2 NO DIPLOMA SOME COLLEGE POPULATION MEDIAN AGE
14.4% 28.1% 21.7% 9.3% 2.86 $52,378
AVERAGE AVERAGE HS GRADUATE BACHELOR’S HOUSEHOLD SIZE HOUSEHOLD INCOME BUSINESS EMPLOYMENT
21.8%
26.8% 39.2% 34.0% 23,983 439,797 UNEMPLOYMENT RATE BLUE COLLAR WHITE SERVICES TOTAL BUSINESSES TOTAL EMPLOYEES COLLAR
Households by Income INCOME The largest group: Under $15,000 (19.9%) The smallest group: $200,000 and Over (2.1%)
$200,000 and Over $150,000-$199,999 $100,000-$149,999 $75,000-$99,999 $50,000-$74,999 $35,000-$49,999 $36,482 $14,395 $18,026 $25,000-$34,999 MEDIAN HH MEDIAN NET $15,000-$24,999 PER CAPITA INCOME INCOME WORTH Under $15,000
0 10,000 20,000 30,000
9 | HISTORIC DOWNTOWN OFFICE BUILDING WHERE WE LIVE Iconic. Livable. Eclectic.
WE'RE #1! QUALITY OF NEVADA'S TOP RANKS LIFE
Las Vegas has 294 days of sunshine, Most Entrepreneur Friendly on average State (Small Business & #1 Entrepreneurship Council, 2018) National Wilderness Areas 19 National Parks 6 Top Economic Growth—Dream #1 Index (Forbes, 2017) National Forests 9 Top Trade Show Destination State Parks 6 (Trade Show News Network, 24th Golf Courses 53 #1 Consecutive Year)
Nevada Population Growth 2017 #1 (U.S. Census Bureau)
NOTABLE ACCOLADES
#4 Entrepreneur Growth 56.5% HOME OWNERSHIP (Kaufman Foundation, 2017) COMPARABLE METROPOLITAN REGIONS RATE #6 North Las Vegas Millennial Median Home Value Homeownership (Yahoo Finance, 2019) $750,000
#9 State Business Climate Index $299,751 (VEGAS) (Tax Foundation, 2019) 43.5% $500,000 Renters McCarran Airport is in top 10 U.S. $309,800 (U.S.) $250,000 airports 56.5% ESRI $0 Las Vegas is less than one day's drive to Home Owners
60 million customers and five major BOISE RENO DENVER SEATTLE ports PHOENIX LAS VEGAS PORTLAND SAN DIEGO LOS ANGELES SALT LAKE CITY SACRAMENTO MEDIAN HOME VALUE (2020) VALUE ESRI
4 5
10 | HISTORIC DOWNTOWN OFFICE BUILDING EDUCATION ATTAINMENT WORKFORCE High School Diploma 2020 24% Pre-recession During recession Some College 2020 25.70% 1,042,300 910,600 Associate's Degree 2020 8.30% (January 2020) (August 2020) HOW WE Bachelor's Degree 2020 16.30% Advanced Degree 2020 8.60% U.S. Bureau of Labor Statistics WORK ESRI A Thriving Knowledge Economy Las Vegas ranked 5th on CBRE's 'The Next TOP EMPLOYERS 10 Tech Markets to Watch' list 2020 Tech 30, CBRE Research The Tax Foundation 2020 State Business Tax Climate Index ranks Nevada #7 best state in the U.S. ONE OF THE NATION'S MOST TAX-FRIENDLY STATES
NO corporate income tax
NO personal income tax
NO franchise tax on income
NO inventory tax
NO inheritance or gift tax
NO unitary tax
NO estate tax ESRI
Occupation Employment Leisure 24.1%
Professional 14.4% Government 11.2% Education 11.1% 24% in leisure Retail Trade 11.0% Construction 7.7% TOP Financial 5.9% OCCUPATIONS 5.0% MOSTLY IN Transportation and Warehousing LEISURE & Other 3.1% 14% in professional PROFESSIONAL Manufacturing 2.7% Wholesale Trade 2.4% U.S. Bureau of Labor Statistics Information 1.0%
10 11
11 | HISTORIC DOWNTOWN OFFICE BUILDING MAJOR SHOPPING 86 MUSEUMS IN LAS VEGAS DESTINATIONS HOW WE SPEND SELECT TOP MUSEUMS Fashion Show Mall The Neon Museum Crystals (City Center) OUR MONEY Downtown Summerlin Las Vegas Natural History Museum Out & About Forum Shops (Caesars Palace) Discovery Children's Museum Grand Canal Shops at the Venetian Las Vegas is a top global destination for entertainment, gaming, shopping and dining. The Mob Museum Galleria at Sunset We're home to 10 Michelin Star restaurants and a host of world-renowned museums. Town Square Nevada State Museum Miracle Mile Shops at Planet Shelby American, Inc. Hollywood Resort Hollywood Car Museum $36.9 BILLION IN VISITOR SPENDING PROFESSIONAL SPORTING LVCVA 2019 NHL Golden Knights POPULAR NON-GAMING NFL Las Vegas Raiders ATTRACTIONS WNBA Las Vegas Aces Springs Preserve USLC Las Vegas Lights Las Vegas Philharmonic MiLB Las Vegas Aviators, Oakland A's farm team Henderson Symphony Orchestra Bellagio Gallery of Fine Art Las Vegas Arts District
RESTAURANTS + THEATERS
The Smith Center for Performing Arts 10 UNLV Performing Arts Center Michelin Star Restaurants Zappos Theater Planet Hollywood
Park Theater at Park MGM Las Vegas
Pearl Theater
15 ESRI
14 15
12 | HISTORIC DOWNTOWN OFFICE BUILDING MCCARRAN INTERNATIONAL AIRPORT
9th busiest airport in U.S., FAA 2019 Busiest Airports
51,537,638 passengers in 2019
3rd best ranked airport among mega airports in U.S., J.D. Power 2019 North America Airport Satisfactions Survey
METRO AREA TRAILS MONORAIL QUICK FACTS
City of Las Vegas 104 miles The Las Vegas Monorail operates along a 3.9-mile route from the SAHARA Las City of North Las Vegas 70 miles Vegas Station to the MGM Grand Station
City of Henderson 180+ miles Trains arrive every 4 to 8 minutes
Unincorporated Clark County 50 miles The rail encompasses 7 stations
In 2018, the Las Vegas Monorail aided in the annual removal of an estimated 2.1 million vehicle miles from Southern AVERAGE COMMUTE TIME Nevada’s major roadways, reducing emissions by more than 27 tons LAS VEGAS U.S. 25.4 26.9 Truck Drive Times to Major Western Cities HOW WE minutes minutes ESRI GET AROUND LOCATIONLas Vegas is a major transportation hub Flexible Options & TRANSPORTATIONservicing the Mountain and Las Vegas benefits from its geographic location as being incredibly accessible via West states. Las Vegas has • I-15 Interchange is ±2.0 miles highway, railway and air. The local downtown area also offers a regional bus system and from site an efficient transportation more unique modes of transport, like our monorail and moving walkways, in addition to • US-95 Interchangeinfrastructure is ±11.0 miles and is from site community-shared, last-mile options such as scooters and bikes. comprised of three major • McCarran Airport is ±13.6 miles from site highways: Interstate 15, • The Las VegasU.S. Strip 93/95, is ±10.0 miles and the 215 from site 1 day Beltway. 2 days
• FedEx Freight - 4 Miles NOT TO SCALE
• FedEx Ship Center - 9 Miles 16 17 • FedEx Air Cargo - 20 Miles One Day Truck Service Two Day Truck Service • FedEx Ground - 33 Miles
• UPS Freight Service Center - 5 Miles TRANSIT ANALYSIS FROM LAS VEGAS, NV
• UPS Customer Center - 11 Miles Distance (mi.) Time (est.) Distance (mi.) Time (est.)
• UPS Air Cargo - 24 Miles Los Angeles, CA 265 3 hrs, 54 min Boise, ID 634 9 hrs, 31 min Phoenix, AZ 300 4 hrs, 39 min Santa Fe, NM 634 9 hrs, 8 min • US Post Office - 9 Miles 13 | HISTORIC DOWNTOWN OFFICE BUILDING San Diego, CA 327 4 hrs, 46 min Denver, CO 752 10 hrs, 45 min Salt Lake City, UT 424 5 hrs, 50 min Cheyenne, WY 837 11 hrs, 52 min Reno, NV 452 6 hrs, 55 min Helena, MT 907 12 hrs, 31 min San Francisco, CA 562 8 hrs, 20 min Portland, OR 982 15 hrs, 44 min Sacramento, CA 565 8 hrs, 14 min Seattle, WA 1,129 16 hrs, 52 min AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with many This Memorandum contains select information pertaining to the Property and subsidiaries and related entities (each an “Affiliate”) engaging in a broad the Owner, and does not purport to be all-inclusive or contain all or part of range of commercial real estate businesses including, but not limited to, the information which prospective investors may require to evaluate a brokerage services, property and facilities management, valuation, purchase of the Property. The information contained in this Memorandum investment fund management and development. At times different Affiliates, has been obtained from sources believed to be reliable, but has not been including CBRE Global Investors, Inc. or Trammell Crow Company, may verified for accuracy, completeness, or fitness for any particular purpose. All have or represent clients who have competing interests in the same information is presented “as is” without representation or warranty of any transaction. For example, Affiliates or their clients may have or express an kind. Such information includes estimates based on forward-looking interest in the property described in this Memorandum (the “Property”), and assumptions relating to the general economy, market conditions, competition may be the successful bidder for the Property. Your receipt of this Memorandum and other factors which are subject to uncertainty and may not represent the constitutes your acknowledgement of that possibility and your agreement current or future performance of the Property. All references to acreages, that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you square footages, and other measurements are approximations. This such Affiliates’ interest or involvement in the sale or purchase of the Property. Memorandum describes certain documents, including leases and other In all instances, however, CBRE, Inc. and its Affiliates will act in the best materials, in summary form. These summaries may not be complete nor interest of their respective client(s), at arms’ length, not in concert, or in a accurate descriptions of the full agreements referenced. Additional manner detrimental to any third party. CBRE, Inc. and its Affiliates will information and an opportunity to inspect the Property may be made conduct their respective businesses in a manner consistent with the law and available to qualified prospective purchasers. You are advised to all fiduciary duties owed to their respective client(s). independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial CONFIDENTIALITY AGREEMENT advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF Your receipt of this Memorandum constitutes your acknowledgement that (i) THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition The Owner expressly reserves the right, at its sole discretion, to reject any or of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not all expressions of interest or offers to purchase the Property, and/or to disclose it or its contents to any third party without the prior written terminate discussions at any time with or without notice to you. All offers, authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. you will not use any part of this Memorandum in any manner detrimental to nor the Owner shall have any legal commitment or obligation except as set the Owner or CBRE, Inc. forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.
14 | HISTORIC DOWNTOWN OFFICE BUILDING HISTORIC DOWNTOWN OFFICE BUILDING FOR SALE 701 SOUTH 9TH STREET | LAS VEGAS, NV 89101
LINDA GONZALES Senior Associate +1 702 369 4924 [email protected] Lic. BS.0049667