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, . 89052 702-612-7099 Mobil 702-359-0808 [email protected] B.35249 FOR SALE 6390 W Cheyenne Ave. $ 1,184,000 , 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 , 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 • 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