FOR SALE
6390 W Cheyenne Ave. $ 1,184,000 7.6% CAP
OWNER FINANCING OFFERED
F O R
S A L
871 Coronado Center Dr. Rena Levy Suite 200 Broker-Owner E Henderson, Nevada. 89052 702-612-7099 Mobil 702-359-0808 [email protected] B.35249 FOR SALE 6390 W Cheyenne Ave. $ 1,184,000 Las Vegas, Nevada. 89108 Office Income property
▪ 6,182 Square feet building ▪ 0.72 Acres ▪ Fully Leased ▪ Cheyenne frontage ▪ Easy access to 95-FRWY and Summerlin ▪ 7.6% CAP
871 Coronado Center Dr. Suite 200 Rena Levy Henderson, Nevada. 89052 Broker-Owner 702-359-0808 702-612-7099 Mobil [email protected] 6390 W Cheyenne Ave.
CONTENTS
OVERVIEW
PROPERTY PHOTOS
PROPERTY INFORMTION
ARIEL MAP
STREET MAP
FIANANCIAL SUMMERY
RENT ROLL
COMPANY SUMMARY
871 Coronado Center Dr. Suite 200 Rena Levy Henderson, Nevada. 89052 Broker-Owner 702-359-0808 702-612-7099 Mobil [email protected] and partially in 2019. Property Photos TENANT PROFILE
6390 W Cheyenne consists of two buildings. The main building occupies seven tenants/offices and one tenant in the second building. Tenant mix -Farmers insurance, counseling agencies, Psychologist – Rehabilitation, Cleaning services. Subject
Subject MONTHLY RENT ROLL
Unit # SF Term Base Rent PSF Type CAM Annual Rent of Per SF Rent Lease Increase A 1,056 3 Years $1,108 $1.05 NNN $0.35 $0.05 psf
B 1.476 3 Years $1,402 $0.95 NNN $0.35 $0.05 psf
C 710 3 Years $ 816.50 $1.15 NNN $0.35 3% annual
D 1,260 3 Years $1,197 $0.95 NNN $0.35 $0.05 psf
E 1,200 5 Years $1,380 $1.15 NNN $0.35 $0.05 psf
F-1 160 1 Year $ 500 $50.00 Gross N/A Annual
F-2 160 1 Year $ 500 $50.00 Gross N/A Annual
F-3 F-3 1 Year $ 500 $50.00 Gross N/A Annual
TOTAL 6,182 $7403.50 P & L DEMOGRAPHICS
89108 Las Vegas/Clark County TOTAL POPULATION 78,250 2,699,000
AVERAGE HOUSEHOLD $60,075 $ 58,432 INCOME TOTAL HOUSEHOLDS 31,037 832,275 MEDIAN HOME PRICE $ 297,000 $ 335,000 OWNER FINANCING OFFERED
OWNER CARRY
• 50% of the purchase price • Interest rate: 6% • Term: 3 years Southern Nevada: The Southern Region of Nevada includes the cities of Las Vegas, Henderson, North Las Vegas, Mesquite, Boulder City, and the unincorporated parts of Clark County. About 75% of Nevada population (estimated 2,270,000 million people) live in the metropolitan area, making it, by far, the largest population center in Nevada. According to UNLV, Nevada is the only state that maintained a growth rate of 25 percent or greater for the last three decades and has been the fastest-growing state for five straight decades.
Fast Facts to know:
• Las Vegas/Nevada is the 2ND fastest state in population growth after Idaho • 40,000 new residents are moving to Las Vegas every year. • 36% of people are moving from California • Nevada is among the top 10 states for job growth. • Construction is the top employment area in Nevada/Las Vegas • The unemployment rate (before the Pandemic) is 3.5% • Nevada is rated in 3Rd place for the fastest-growing personal income. $23 BILLION DOLLARS IN NEW PROJECTS
Allegiant Stadium ( Las Vegas Raiders The 65,000-seat Allegiant Stadium, home base for the Raiders and University of Nevada, Las Vegas football. $1.8 Billion
Resorts World Casino and Hotel on 87 acres and 3,500 rooms. Will include retail, dining, and convention space. $23 BILLION DOLLARS IN NEW PROJECTS
Las Vegas Ballpark Major league baseball stadium, home of Las Vegas 51s. 10,000-person capacity with 125 stores.
Las Vegas Convention Center-Expansion Construction of $ 935 Million creating an annual economic impact of $ 810 Million and nearly 14,000 construction jobs. $23 BILLION DOLLARS IN NEW PROJECTS
Some of the 2020-2021 projects
• SLS Hotel renovation • Project Neon • The Drew-Mariotte International • Wynn Paradise Park • MSG Sphere at the Venetian hotel • Google Data Center • CIRCA Resort and Casino • Caesars FORUM Conference Center • UNLV Medical School Building • Las Vegas Monorail BROKER SUMMARY
• Licensed since 1995 • Founder & Broker Owner of Global Time Realty • Property Manager • Income properties locally & Internationally
Rena Levy Broker-Owner Certified International Property Specialist B.35249
702-612-7099 Mobil [email protected] 871 Coronado Center Dr. Suite 200 Henderson, Nevada. 89052