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325 s. 3rd street, , NV DOWNTOWN RETAIL / OFFICE BUILDING OPPORTUNITY FOR SALE

MARK J. MUSSER PHILLIP KEUCH Director - Investment Sales Senior Investment Advisor  702 232 3490  703 881 2089  [email protected][email protected] License #: NV BS.0143995.PC License #: NV S.0179758 The Property 325 S. 3RD STREET AREA OVERVIEW LAS VEGAS, NV 89101

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LAS VEGAS MARKET THE OPPORTUNITY • 325 S. 3RD STREET

THE PROPERTY 325 S. 3RD STREET Las Vegas, NV 89101

Asking Price $2,900,000 PROPERTY OVERVIEW

The property stands out as one of the best locations in Downtown Las Vegas submarket, strategically located next to the Regional Price PSF $386.66 Justice Center, Las Vegas Justice Court and United States Courthouse. The property can be accessed via I-15 and Highway 95 via

multiple exits. The building was constructed in 1960, consisting of two stories with high visibility fronting 3rd Street. The property

Building Type Retail/Office Building has multiple potential uses for retail and office tenants. Currently the property has been partially renovated ready for a new owner

to put the finishing touches on this “Ground Zero” one of a kind real estate.

Year Built 1960 The downtown submarket has been going through huge transition with the addition of the Circa Hotel and Casino scheduled to

open in 2021. The World Market Center convention center addition and multiple planned multi-family projects.

Gross Buiding Size ± 7,500 Proposed Tenant Mix: The building will be highly desirable to attorney users, retail users, in addition to general office users.

Lot Size 0.16 Acres PROPERTY FEATURES Parking on Site • Located in the heart of Downtown

• (Ground zero) Courthouse location No. Stories 2 • Upside owner user

• Convenient access to US 95 Freeway Zoning C - 2 • Single-tenant or multi-tenant opportunity

• High-Traffic location

APN 139 - 34 - 210 - 073 • Strong demographics and area growth area overview • 325 S. 3RD STREET

MCCARRAN AIRPORT AREA OVERVIEW UNLV

15 premium outlets south

las vegas blvd. lAS VEGAS ARTS DISTRICT

charleston blvd.

CITY COUNTY COURT HOUSE DOWNTOWN LAS VEGAS smith center main st.

experience

future smith center International mixed-use development Market expo under construction CIRCA HOTLE & CASINO

las vegas blvd.

95 N AREA OVERVIEW • 325 S. 3RD STREET

FEDERAL JUSTICE TOWER

SOHO loft CONDOS

LAS VEGAS CITY HALL CONDOS

newport loft CONDOS

casino center blvd.

FUTURE CITY PARK main st.

FUTURE COURTHOUSE

CLARK COUNTY GOVERNMENT CENTER AREA OVERVIEW • 325 S. 3RD STREET

E. BRIDGER AVE.

BANK OF AMERICA FINANCIAL CENTER

S. 3RD ST. 325 S. 3RD ST.

S. 4TH ST. LAS VEGAS JUSTICE COURT

LEWIS AVE. EXTERIOR PICTURES • 325 S. 3RD STREET Key FacKets 3y2 Fa5 c3Ketrds 3y St 2Fa5 c3trds 3 St25 3rd St 325 S 3rd St, 3La2s5 VeS 3grdas, St Ne, 3Lv2aa5sd VeSa ,3 g891rdas, St 0Ne,1 L (va1as, dVe3,a ,5g 891 amils, 0Nees)1 v(1a,d 3,a, 5891 mil0es)1 (1, 3, 5 miles) Prepared by EsriPrepared by PreparedEsri by Esri 325 S 3rd St, 3La2s5 VeS 3grdas, St Ne, 3Lv2aa5sd VeSa ,3 g891rdas, St 0Ne,1 Lvaas dVea,g 891as, 0Ne1 vada, 89101 Latitude:RD 36.16690Latitude: 36.16690Latitude: 36.16690 Rings: 1, 3, 5 Rminilge sra: 1dii, 3, 5 Rminilges ra: 1dii, 3, 5 mile radii DEMOGRAPHICS • 325 S.Longitude: 3 -115.14470Longitude: STREET -115.14470Longitude: -115.14470

1 mile Ben1 mchmaile rk Ben1 mchmaile rk Benchmark 3 miles 3 miles 3 miles 5 miles 5 miles 5 miles

KKEYEY FACTSKFACTSEY FACTSKEY FACTS KEY FACTSKEYKEY FACTSKEY FACTS FACTS KEY FACTSKEY FACTSKEKEYY FACTS FACTS

172,935172,935172,935 527,418527,418527,418 171,8771,8277,8272 43.743.743.7 19109,807109,8070,807 34.934.938.84.98.8 8.8 5454,290554,2905,290 33.933.939.83.99.8 9.8 PopulationPopulationPopulation PopulatioPopulation Population n PopulationPopulationPopulation MedianMedian AgeMedian Age Age MedianMedian AgeMedian Age Age MedianM edianAgeM edianAge Age 1 MILE 3 MILES 5 MILES

1.91.91.9 $2$22,505$22,5052,505 2.82.81.02.81.0 1.0 $3$33,835$33,8353,835$11,330$11,330$11,330 2.92.91.02.91.0 1.0 $3$73,998$73,9987,998$15,493$15,493$15,493

AverageAverage Average MedianMe HdianousehMe Hdianousehold Household old AverageAv erageAv erage MedianMedian HouseholdMedian Household Household AverageAverage Average MedianMedian HouseholdMedian Household Household HouseholdHousehold SizeHousehold Size Size IncomeIncomeIncome HousehoHousehold SizHousehoeld Sizeld Size IncomeIncomeIncome HousehoHousehold SizHousehoeld Sizeld Size IncomeIncomeIncome

EDUCEDUCATIONEDUCATIONEDUCATIONATION EDUCATIONEDUCATIONEDUCATIONEDUCATION EDUCATIONEDUCATIONEDUCATIONEDUCATION

22%22%22% 29%29%29%7% 7% 7% 27%27%27%5% 5% 5%

No HighNo HighNo High 29%29%29% No HighNo HighNo High 5% 5% 5% No HighNo HighNo High 4% 4% 4% SchoolS choolS chool SchoolSchool School 24%24%24% SchoolSchool School 25%25%25% DiplomaDiplomaDiploma Some SomeCollege SomeCollege College DiplomaDiplomaDiploma Some SomCollegee SomCollegee College DiplomaDiplomaDiploma Some SomeCollege SomeCollege College 34%34%34% 15%15%15% 34%34%0%34%0% 0% 13%13%2%13%2% 2% 34%34%0%34%0% 0% 13%13%2%13%2% 2% High SchoolHigh SchoolHigh School Bachelor'sBachelor's/Grad/ProBachelor's/Grad/Prof /Grad/Prof f High SchoolHigh SchoolHigh School Bachelor'sBachelor's/Grad/ProfBachelor's/Grad/Prof /Grad/Prof High SchoolHigh SchoolHigh School Bachelor's/Grad/ProfBachelor's/Grad/ProfBachelor's/Grad/Prof GraduatGraduate Graduate e DegreeDegreeDegree GraduateGraduateGraduate DegreeDegreeDegree GraduGraduate Graduate ate DegreeDegreeDegree

BUBUSINESSSINESSBUSINESSBUSINESS BUSINESSBUBUSINESSSINESSBUSINESS BUSINESSBUSINESSBUSINESSBUSINESS

2,325,325,325 38,56938,56938,569 9,4129,41297,0,412877,0877,087 1601,075601,075601,07521,506121,506121,506 24,34124,341242,3412,01622,01622,016 417,092417,092417,092378,523378,523378,523

Total BTotausinessesl BTotausinessesl Businesses Total EmployeesTotal EmployeesTotal Employees Total BusinessesTotal BusinessesTotal Businesses Total EmployeesTotal EmployeesTotal Employees Total BusinessesTotal BusinessesTotal Businesses Total EmployeesTotal EmployeesTotal Employees

EMPLOYEMPLOYMENTEMPLOYMEMPLOYENTMENTMENT EMPLOYMENTEMPLOYMENTEMPLOYMENTEMPLOYMENT EMPLOYMENTEMPLOYMENTEMPLOYMENTEMPLOYMENT

46%46%46% 39%39%7%39%7% 7% 40%40%6%40%6% 6% White WhiteCollarWhite Collar Collar White WhiteCollarWhite Collar Collar White WhiteCollarWhite Collar Collar 9.1%9.1%9.1% 6.9%6.9%6.9%2.2% 2.2% 2.2% 7.0%7.0%7.2.0%1% 2.1% 2.1% 18%18%18% 25%25%7%25%7% 7% 25%25%7%25%7% 7% Blue CollarBlue CollarBlue Collar Blue CollarBlue CollarBlue Collar Blue CollarBlue CollarBlue Collar UnemploymentUnemploymentUnemployment UnemploymentUnemploymentUnemployment UnemploymentUnemploymentUnemployment 35%35%35% Rate Rate Rate 36%36%1%36%1% 1%Rate Rate Rate 35%35%0%35%0% 0%Rate Rate Rate ServicesServicesServices ServicesServicesServices ServicesServicesServices

INCOMEINCOME INCOME INCOME INCOMEINCOMEINCOME INCOME INCOME INCOMEINCOMEINCOME

$22,50$522,50$522,505 $17,62$717,62$717,627 $11,11$711,11$711,117 $33,83$33,5 $181,333$33,50 $181,33350 $11,330 $17,873$17,873$246$17,873$246 $246 $14,341$14,341$3,224$14,341$3,224 $3,224 $37,998$37,998$15,493$37,998$15,493 $15,493 $18,082$18,082$455$18,082$455 $455 $16,545$16,545$5,428$16,545$5,428 $5,428

Median HouMesehdoliadn IHncoomuMeseehdoliadn IHnocomuseehold Income Per Capita IncoPerm Caepita IncoPer mCaepita Income Median Net MediaWorthn NetMedia Worthn Net Worth Median HousehMediaoldn IncomeHousehMediaoldn IncomeHousehold Income Per Capita IncomePer Capita IncomePer Capita Income Median Net MedianWorth NetMedian Worth Net Worth Median HousehMedianold IncomeHousehMedianold IncomeHousehold Income Per Capita IncomePer Capita IncomePer Capita Income Median Net MedianWorth NetMedian Worth Net Worth OUR SPECIALISTS • 325 S. 3RD STREET OUR SPECIALISTS PARTIAL LIST OF TRANSACTIONS MARK J. MUSSER Director - Investment Sales AutoZone NNN • 7,200 SF $1,775,000  702 232 3490 Regency Plaza • 60,000+ SF ft. Inline Retail $9,250,000  [email protected] Regency Plaza II • 25,000+ SF ft. Inline Retail $5,250,000 License #: NV BS.0143995.PC Spring Mountain Rd China Town Retail Center $5,000,000 Boca Park Retail Pad NNN $6,000,000 SERVICE SPECIALITY PROFESSIONAL Terrible Herbst C-Store NNN $2,310,000 Investment Sales, Office, NNN AFFILIATIONS & DESIGNATIONS Family Dollar NNN and Land $1,700,00 EDUCATION NAIOP - Associate Members Jack in The Box/C-Store NNN $4,200,000 BS - The Pennsylvania State University, SIOR - Associate Member Federal Credit Union NNN $3,740,000 Real Estate CCIM - Company Sponsor Mountain Vista Industrial Building • 28,000 SF $1,450,000 University Park, PA Montessori Industrial Building • 6,060 SF $619,000 E. Charleston Retail • 12,000 SF $1,450,000 Eastern Avenue Office Building • 20,000 SF $1,400,000 CLIENT TESTIMONIAL Lake Sahara Plaza Office • 12,300 SF $1,250,000 “Mark is a hard worker! He knows how to think outside the box and make deals happen. He is very direct and Great American Plaza Office • 27,000 SF $2,775,000 personable and truly knows how to sale investment real estate. I will list every property I own with Mark as he Sunset Green Valley • Retail Shopping $5,750,000 knows how to maximize my returns.” Tompkins Office Building • 21,500 SF $1,180,000 Barry Ross, Owner Patrick Industrial Building • 7,100 SF $625,000 Las Vegas, NV Lake Sahara Plaza Office II $1,350,000 Oasis Business Park Office • 22,000 SF $4,000,000 BACKGROUND & EXPERIENCE The Park @ Northpointe Office • 27,000 SF $625,000 South Shore Office Building • 25,000 SF $5,200,000

Mark J. Musser is a Director of Investment Sales at Northcap Commercial, where he works in the marketing City Centre Plaza $6,200,000 and sales of commercial real estate. Mark is a veteran broker in the Las Vegas commercial real estate Paradise Professional Plaza • 46,000 SF $5,600,000 marketplace having closed over $300,000,000 in commercial investment sales in his career. Mark’s Dino Plaza • 16,500 SF $3,800,000 experience is focused primarily on selling investment real estate including multiple retail, office, industrial Alamo Plaza Office $1,000,000 and single tenant NNN properties. Spring Mountain Road Office $4,750,000 Valley View Industrial $937,000 Mark previously was a Partner at NAI Global for five years, Senior Associate at ARA for eight years, and an Associate for Marcus Millichap. Mark has been a top producing agent at all of the national firms he Eastern Avenue Office Law Building $1,850,000 has worked. Buffalo Canyon Retail Center $2,850,000 Durango & Edna 4 Acres Land $4,000,000 Mark prides himself on being client focused and driven. He always listens to his clients needs and goals Sandstone Office Park • 3,750 SF $525,000 and works toward producing results for his clients. • 325 S. 3RD STREET

LAS VEGAS MARKET DEVELOPMENT PROJECTS

RAIDERS HEADQUARTERS

Excerpt from reviewjournal.com By Mick Akers | December 2019

While most eyes are on ’s construction progress, the Raiders headquarters 12 miles away in Henderson is also rounding into form.

The under construction 335,000-square-foot facility located across the street from Henderson Executive Airport is slated to cost north of $75 million to construct, according to Raiders’ President Marc Badain.

Around 300 employees will work at the team’s office, where the team’s operations will be conducted, when it opens in June.

The 135,000-square-foot office area is now fully enclosed in dark tinted glass, with light grey side panels being installed, giving it a very Raiders feel. The glass is similar to the panels being used at Allegiant Stadium, which are darker on the outside, but more translucent from the inside.

In addition to the headquarters area, the facility will feature a 150,000-square-foot field house and a 50,000 square-foot performance center, which the team announced Monday will be called the Intermountain Healthcare Performance Center...”

ALLEGIANT STADIUM

Excerpt from reviewjournal.com By Ed Graney | December 2019

”The sports landscape in Las Vegas will change permanently in 2020 with the arrival of the Raiders to their new home, a $2 billion structure of 65,000 seats and all the lavish amenities found in new and instantly recognizable NFL stadiums.

“To all the players and coaches and fans who have ever worn the silver and black, this is our Field of Dreams,” said Raiders owner Mark Davis. “I said that at the ground-breaking and believe it even more now. It’s a public-private partnership working the way it is supposed to.

“Vegas has always been the entertainment capital of the world, but now we really are becoming the sports capital as well. This stadium will bring new levels of enthusiasm and galvanize the community. It’s going to be very impactful for Las Vegas.”

It’s no longer an illusion. It’s real.

Allegiant Stadium is set for completion July 31...” DEVELOPMENT PROJECTS

MSG SPHERE

Excerpt from news3lv.com By Matthew Seeman | December 2019

The MSG Sphere in Las Vegas remains on track to open in 2021 as construction continues on the ambitious event space, according to a spokeswoman.

Crews poured more than 33,000 cubic yards of concrete and laid more than 14 million pounds of rebar in 2019, MSG spokeswoman Maire Griffin said in a press release.

Vertical construction is now happening at 65 feet above ground level, while below-grade mechanical, electrical and plumbing work has started

Concrete has also been poured for the second-floor atrium and the foundation for the stage, according to the press release.

Crews are expected to reach the widest section of the sphere, referred to as the “equator,” sometime in 2020, while the steel sphere wrapping will start as well.

MSG Sphere, a joint venture of The Madison Square Garden Company and Las Vegas Sands, is expected to reach 875,000 square feet and hold about 17,500 seats once complete...”

LAS VEGAS MUNICIPAL COURTHOUSE

Excerpt from reviewjournal.com By Shea Johnson | June 2019

Las Vegas officials on Tuesday ushered in the start of construction on a $56 million municipal courthouse, a four-story facility that Mayor Carolyn Goodman cast as a “one-stop shop” for local-level justice needs.

“This building is now the latest piece in a fully realized justice corridor in the heart of downtown,” Goodman said during the morning groundbreaking ceremony. Located at 100 E. Clark Avenue, near City Hall, the courthouse’s pending construction represents the beginning of a long-awaited move for municipal court operations out of the Regional Justice Center. It is expected to be completed by January 2021. Municipal Court Chief Judge Cynthia Leung said the new facility will help the courts be more efficient and accessible to the public

The new courthouse, which will be nearly 140,000 square feet, will set aside space for traffic court, administration, customer service, classrooms and the city attorney’s criminal division. The building will be energy efficient to reduce overall operating expenses....” DEVELOPMENT PROJECTS

CIRCA HOTEL & CASINO

Excerpt from reviewjournal.com By Richard N. Velotta | October 2019

The skyward progress of downtown’s newest resort is on schedule, but Circa owner still has a few surprises up his sleeve.

Stevens said both the 777-room resort at Main and Fremont streets and the nine-story, 1,201-space parking garage known as the “Garage Mahal” are “going down the right path.”

The garage is being built on the west side of Main and will be connected to the resort with a bridge over the street. The garage is being designed with the convenience of ride-hailing drivers and their customer pickups and drop-offs in mind.

“The key bullet points are that both Circa and Garage Mahal are on time and we’re progressing right on time for our planned December 2020 opening,” Stevens said Monday.

The 600-worker crews on different shifts around-the-clock will pour the concrete floor of the building’s 10th story this week, and Stevens said the schedule is to pour a floor a week for the next 30 weeks. The 1.25 million-square-foot resort, with 44 floors dominated by suites, will feature the tallest hotel tower north of the Strip....”

LAS VEGAS MUNICIPAL COURTHOUSE UNCOMMONS

Excerpt from businesswire.com By Nadene Gallagher | October 2019

Construction financing has been secured for UnCommons, a first-of-its kind mixed-use development in southwest Las Vegas being developed by Matter Real Estate Group. The highly anticipated $400-million project will break ground this spring and be completed in fall 2021.

The curated office, restaurant, food hall, lifestyle and residential offerings, designed by the globally renowned architecture firm Gensler, will be complemented by a pedestrian trail, multi-purpose conference center and inspirational art, all situated on an easily walkable 40-acre site.

“UnCommons will bring Las Vegas residents a vibrant, new centerpiece to the community: a modern, urban-inspired mixed-use development designed to enhance the lives of the people who live and work there,” said Matter Real Estate Partner Jim Stuart. “Much of what will make UnCommons stand out will be the food and beverage lineup. Additionally, the lifestyle offerings are being curated to showcase some of Las Vegas’ top talents, as well as boutique brands that will be new to the market...” DEVELOPMENT PROJECTS VIRGIN HIGH SPEED TRAINS

Excerpt from news3lv.com By Mick Akers | October 2019

The proposed high speed train between Las Vegas and Southern California continues its track toward becoming a reality as the Golden State has approved a $3.25 billion bond request to go toward the $4.8 billion project.

The board of directors of the California Infrastructure and Economic Development Bank (IBank) on Wednesday approved a bond request on behalf of Virgin Trains USA that will go toward constructing 135 miles of rail lines in California as well as a passenger and maintenance facility in the Victor Valley region...”

BLUETECH PARK

Excerpt from ktnv.com By KTNV Staff | November 2019

Bleutech Park, a $7.5 billion energy-efficient mini-city, has secured a parcel of land at the south end of .

The project will sit on 210 acres on Las Vegas Boulevard near Cactus Avenue and usher in an unprecedented renaissance of the global digital infrastructure industry into Southern Nevada, according to a company spokesperson

Bleutech Park will feature 100% “off-the-grid,” ultra-luxury residential, sustainable living residential, tech-smart office facilities, retail space, a futuristic 3,000-keys hotel, a dream surfing destination with an innovative pool - guaranteed waves - and an exotic beach environment, in addition to a full-entertainment, state-of-the-art 1,200 ft. tower...”

RESORTS WORLD

Excerpt from reviewjournal.com By Richard N. Velotta | October 2019

It will have taken a decade, but the first megaresort to open on the Las Vegas Strip since late 2010 is on track for a late 2020 opening.

Genting Berhad’s $4 billion, 59-story, 3,400-room is steadily moving forward and will be the first Las Vegas megaresort opening since The Cosmopolitan of Las Vegas in December 2010....” • 325 S. 3RD STREET

BLUETECH PARK

MARK J. MUSSER PHILLIP KEUCH Director - Investment Sales Senior Investment Advisor 400 S Rampart Blvd. Ste 220  702 232 3490  703 881 2089 Las Vegas, NV 89145  [email protected][email protected] www.northcapcommercial.com License #: NV BS.0143995.PC License #: NV S.0179758