LAS VEGAS STRIP
PREMIUM OUTLETS SOUTH
I-15 FREEWAY // 140,000 CPD
CACTUS AVE. // 12,400 CPD
ARCH APARTMENT 754 UNITS +/- 30 AC SUBJECT
ERIE AVE. // 2,150 CPD
LAS VEGAS BLVD. // 25,400 CPD
FOR SALE OFFERING MEMORANDUM
CAMERON GLINTON Vice President 702.954.4150 LAS VEGAS BLVD. [email protected] S.0170880 & ERIE LAND CONFIDENTIALITY AGREEMENT
This Offering Memorandum contains select information pertaining to the business and By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: affairs of SEC S. Las Vegas Blvd. and Erie Ave., Las Vegas, NV 89183. This Memorandum 1. The Offering Memorandum and its contents are confidential; was prepared based on information supplied by Seller and Broker. It contains selected 2. You will hold it and treat it in the strictest of confidence; and information about the Property and the real estate market, but does not contain all the 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this information necessary to evaluate the acquisition of the Property. The financial projections Offering Memorandum or its contents in any fashion or manner detrimental to the contained herein (or in any other Confidential Information) are for general reference only. interest of the Seller. The projections are based on assumptions relating to the general economy and local competition, among other Seller and LCRE expressly reserve the right, at their sole discretion, factors. Accordingly, actual results may vary materially from to reject any and all expressions of interest or offers to purchase the such projections. Various documents have been summarized Property and to terminate discussions with any person or entity reviewing herein to facilitate your review; these summaries are not this Offering Memorandum or making an offer to purchase the Property intended to be a comprehensive statement of the terms or unless and until a written agreement for the purchase and sale of the legal analysis of such documents. Property has been fully executed and delivered.
The information contained in this Offering Memorandum A prospective purchaser’s sole and exclusive rights with respect to this is confidential and furnished solely for the purpose of a prospective transaction, the Property, or information provided herein review by a prospective purchaser of the Property. It is not or in connection with the sale of the Property shall be limited to those to be used for any other purpose or made available to any expressly provided in an executed Purchase Agreement and shall be other person without the written consent of Seller or Logic subject to the terms thereof. In no event shall a prospective purchaser Commercial Real Estate (LCRE). The material is based in have any other claims against Seller or LCRE or any of their affiliates or any part upon information supplied by the Seller and in part of their respective officers, Directors, shareholders, owners, employees, upon financial information obtained from sources it deems or agents for any damages, liability, or causes of action relating to this reliable. Seller, nor their officers, employees, or agents solicitation process or the marketing or sale of the Property. makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering This Offering Memorandum shall not be deemed to represent the state Memorandum or any of its contents and no legal liability of affairs of the Property or constitute an indication that there has been is assumed or shall be implied with respect thereto. While no change in the state of affairs of the Property since the date this the information contained in the Memorandum and any other Confidential Information is Offering Memorandum. believed to be reliable, neither Broker nor Seller guarantees its accuracy or completeness. Due to the foregoing and since the Property will be sold on an “As Is, Where Is” basis, a LCRE has a policy of proactive broker cooperation with the investment brokerage prospective purchaser must make its own independent investigations, projections, and community. If applicable, a cooperating broker fee of the sales price shall be paid at closing conclusions regarding the acquisition of the Property without reliance on this Memorandum to cooperating broker that procures and represents the buyer that acquires this property. or any other Confidential Information. Although additional Confidential Information which If applicable, cooperation does not include brokers that represent themselves as Principals may include engineering, environmental or other reports may be provided to qualified or broker’s whose member of his immediate family is participating in the purchase of the parties as marketing proceeds, prospective purchasers should seek advice from their own property. No broker will be recognized on a prospect that has previously contacted or been attorneys, accountants, engineers, environmental and other experts. contacted by the Seller or the Seller’s representatives.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT LISTING AGENTS FOR MORE DETAILS. CONTENTS
1 EXECUTIVE SUMMARY 4 MAPS, AERIALS, AND PLANS 9 MARKET OVERVIEW SUBJECT BROKERAGE CAMERON GLINTON Vice President 702.954.4150 [email protected] S.0170880 EXECUTIVE SUMMARY
MAPS, AERIALS, AND PLANS 1 MARKET OVERVIEW
SUBJECT LAS VEGAS BLVD. EXECUTIVE SUMMARY & ERIE LAND
PROPERTY OVERVIEW
LOGIC Commercial Real Estate is pleased to present the opportunity to The property is located on the world-famous Las Vegas Blvd. less than 1 and a purchase a rare 5.05 AC of land on S. Las Vegas Blvd. at the hard corner of E. quarter mile south of the South Point Hotel and Casino and less than 2-miles Erie Ave. The land is comprised of one 5.05 AC parcel. The property features north of the M Resort. This high visibility hard corner has easy access to the I-15 curb, gutter, sidewalk, electricity, gas, sewer, and water improvements. Freeway from Cactus Ave. and St. Rose Pkwy.
LAS VEGAS STRIP
PREMIUM OUTLETS SOUTH
I-15 FREEWAY // 140,000 CPD
CACTUS AVE. // 12,400 CPD
ARCH APARTMENT 754 UNITS +/- 30 AC SUBJECT
ERIE AVE. // 2,150 CPD
LAS VEGAS BLVD. // 25,400 CPD
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 2 EXECUTIVE SUMMARY LAS VEGAS BLVD. & ERIE LAND
SUBJECT $3,950,000 +/- 219,978 SF +/- 5.05 AC Offering Price Total Square Footage Acreage
PROPERTY DETAILS Cross Streets: S. Las Vegas Blvd. & E. Erie Ave. Parcel Number: 177-33-301-021 Price PSF: $17.96 Submarket: South Las Vegas Strip Zoning: CT (Commercial Tourist)
INVESTMENT HIGHLIGHTS This is a rare opportunity to acquire a hard corner location on S. Las Vegas Blvd. This area has seen a surge in recent development with projects like the Kaktus Life Luxury apartment project opening just over a half-mile west of the site and the Silverado Promenade Retail Center just north of the site. Pulte, Warmington, D.R. Horton, Lennar, and Richmond have recently acquired land in the immediate area for new residential development, and HCA Healthcare has recently acquired land nearby on Las Vegas Blvd. for a future project.
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 3 EXECUTIVE SUMMARY
MAPS,TENANT AERIALS, PROFILES AND PLANS 4 MARKETMAPS, AERIALS, OVERVIEW AND PLANS COMPARABLES
FINANCIAL OVERVIEW 4 MARKET OVERVIEW SUBJECT LAS VEGAS BLVD. & ERIE LAND MAPS, AERIALS, AND PLANS
SUBJECT
LAS VEGAS STRIP
PREMIUM OUTLETS SOUTH
I-15 FREEWAY // 140,000 CPD
CACTUS AVE. // 12,400 CPD
ARCH APARTMENT 754 UNITS +/- 30 AC SUBJECT
ERIE AVE. // 2,150 CPD
LAS VEGAS BLVD. // 25,400 CPD
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 5 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. LAS VEGAS BLVD. & ERIE LAND MAPS, AERIALS, AND PLANS
W. WINDMILL LN. // 7,800 CPD S LVERT CAS
T E CR SS G C URC
BERMUDA RD. // 17,000 CPD
S UT EST CAREER TEC CAL ACA E
S. RAINBOW BLVD. // 26,000 CPD S. RAINBOW BLVD. BLUE DIAMOND RD. // 40,000 CPD
MARYLAND PKWY. // 32,000 CPD DEAN MARTIN DR. MARTIN DEAN
AL EA E C T R ES S. JONES BLVD. ELE E TAR SC L
SILVERADO RANCH BLVD. SILVERADO RANCH BLVD. // 17,000 CPD
S UT T TEL CAS S A
Map types and header titlesL S are JERR TARKA A subject to changeFUTURE based A C RE on agent requirements LE SC L RETA L
S. DECATUR BLVD. // 17,000 CPD CPD 17,000 // BLVD. DECATUR S. VER TAS 430 UNITS 2010 CONST. 210 U T S. BUFFALO DR. // 7,000 CPD CPD 7,000 // DR. BUFFALO S. E U T EVEL E T CACTUS AVE. // 26,000 CPD
CATUS VALLE SUBJECT RET RE E T RES RT FUTURE GAS STAT ARC A ART E T 128 UNITS 754 U TS 30 AC