WHY PAY MORE EACH MONTH TO LEASE VERSUS OWNING?
DELIVERY SCHEDULED 4TH QUARTER 2019
LIMITED UNITS AVAILABLE FOR SALE - GREY SHELL OFFICE BUILDINGS RANGING FROM 2,000 TO 10,000 SF CANYON RIDGE BUSINESS PARK SEC Russell Rd. & Durango Dr., Las Vegas, NV 89113 CANYON RIDGE BUSINESS PARK WHY NOT START INVESTING IN YOURSELF INSTEAD OF PAYING OFF SOMEONE ELSE’S INVESTMENT? Lower Occupancy Cost q In today’s market, a monthly mortgage payment is usually less expensive than a monthly lease payment. Fixed Occupancy Cost q A renter is subject to annual rent escalations, while an owner can fix their monthly payment for years via a mortgage. Prestige q Owning an office building makes a positive statement to clients, while providing valuable branding via visible signage to thousands of people. Asset Accumulation q In most cases, the largest asset a small or medium size company will have is their office building. Significant Tax Advantages q Owners experience the benefit of mortgage interest tax deductions and depreciation write-offs. CANYON RIDGE BUSINESS PARK PROPERTY HIGHLIGHTS
Situated in the heart of the fastest growing area in the Las Vegas Valley q Grey shell buildings can be purchased in the following square foot ranges: 2,000 to10,000 sf q Prime location in the southwest near 3 major hospitals q +/-5 spaces : 1,000 sf parking ratio q Fee simple ownership / not a condo q Free standing single story buildings q High visibility location with all buildings fronting Durango q +/- 1.2 million cars per month pass the Canyon Ridge site q Covered parking available q Convenient access to the I-215 via three interchanges q Numerous restaurants and business amenities nearby q Direct building signage fronting Durango Drive
EST. POPULATION TOTAL HOUSEHOLDS AVG. HOUSEHOLD INCOME TOTAL EMPLOYEES 130,620 52,520 $76,966 49,583 3 MILE RADIUS 3 MILE RADIUS 3 MILE RADIUS 3 MILE RADIUS CANYON RIDGE BUSINESS PARK SITE PLAN
NOT A PART RUSSELL ROAD OQUENDO ROAD
DURANGO DRIVE
5784 5878 Durango Durango
Ste. 100 Ste. 105 Ste. 100 Ste. 105 2,500 SF 2,500 SF 3,000 SF 2,000 SF 7,500 SF 7,500 SF 10,000 SF 10,000 SF 10,000 SF
5,000 SF 5,000 SF
5770 5798 5812 5824 5852 5864 5890 Durango Durango Durango Durango Durango Durango Durango CANYON RIDGE BUSINESS PARK OWN VERSUS LEASE EXAMPLE 90% Financing Example COMPARISON Financing Package
Bank 1st Mortgage - 50%
Loan Size - $800,000 Term - 25 Years Rate - 5.25% Monthly Payment - $4,793.98
SBA 504 2nd Mortgage - 40%
Loan Size - $660,000 Term - 25 Years Rate - 3.46% Monthly Payment - $3,289.27
Total Financing OWN LEASE Loan Size - $1,460,000 Rate - 4.45% Monthly Payment - $8,083.25 Bank interest rate and terms are estimated. Actual rate negotiated with lender.
SBA loan includes SBA fees of $20,000 2.65% plus $2,500 in closing costs. CANYON RIDGE BUSINESS PARK GRAND TETON DR
ALIANTE PKWY ELKHORN DR. INTERSTATE
DEER SPRINGS WAY JONES BLVD 215 DECATUR BLVD DECATUR TENAYA WAY RAINBOW BLVD
BUFFALO DR BUFFALO HUALAPAI WAY HUALAPAI RANGE RD LAMB BLVD Providence CENTENNIAL PKWY CENTENNIAL PKWY S PE
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LOSEE RD LOSEE N SIMMONS ST
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OR Nellis Air
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L TENAYA WAY LONE MOUNTAIN RD A LONE MOUNTAIN RD Force Base O IN ST COMMERCE
M EAKER CRAIG RD CA
CRAIG RD Y MITCHELL CRAIG RD
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5TH ST TORREY PINES DR TORREY CAMPUS DR JONES BLVD CHEYENNE AVE LAS VEGAS BLVD CHEYENNE
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L WASHINGTON AVE
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C I R RAMPART BLVD . LAS VEGAS STRIPHARRIS AVEAND MCCARRAN INTERNATIONAL AIRPORT. R SUMMERLIN PKWY D BONANZA BONANZA S
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SUMMERLIN RANCHO DR OAKEY BLVD WILDCAT WY OAKEY BLVD ST. LOUIS AVE ST PALM SLOAN LN SAHARA AVE SAHARA AVE SAHARA AVE TREELINE DR BUFFALO DR BUFFALO
EDNA PENNWOOD AVE MOJAVE RD MOJAVE McLEOD DR VALLEY VIEW BLVD VALLEY DESERT INN RD LAMB BLVD
GRAND CANYON DR CANYON GRAND INDUSTRIAL RD
HUALAPAI WAY CRYSTAL WATER CRYSTAL DESERT INN RD BOULDER HIGHWAY CIMARRON RD
SPRING MOUNTAIN RD PKWY MARYLAND TWAIN AVE TWAIN AVE
TENAYA WAY SWENSON ST SWENSON FORT APACHE RD APACHE FORT VIKING RD
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W MERZE AVE EVELYN AVE EVELYN 215 RD PABCO LAKE MEAD PARKWAY PECOS RD
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ROBINDALE RD TENAYA WAY ROBINDALE RD
FORT APACHE RD APACHE FORT INTERSTATE AMERICAN PACIFIC DR HENDERSON CENTER ST WINDMILL LN 15 WATER ST
DURANGO DR WINDMILL LN VALLE VERDE DR VALLE AD ME WIGWAM AVE WIGWAM AVE KE
WIGWAM AVE EASTERN AVE LA VAN WAGENEN ST GIBSON RD GIBSON ARROYO GRANDE BLVD VALLEY VIEW BLVD VALLEY BASIC MAJORRD AVE BLUE DIAMOND RD STEPHANIE ST
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LAS VEGAS BLVD N G COLLEGE DR Southern D RICHMAR . SEVEN HILLS S Y W K IGHT P P HE S
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Seven Henderson ANTHEM PKWY Airport
Anthem FOR MORE INFORMATION A PROJECT PLEASE CONTACT: DEVELOPED BY: David Scherer Jake Peevyhouse Investment Equity Developers have developed over +/- 3,800,000 square Charles Van Geel Matthew Kreft feet of commercial projects includ- Ken Marrama ing; mixed use, retail centers, office buildings, industrial parks, apartment 702.796.7900 complexes, residential subdivisions and over 600,000 sf of grey shell office/condos in the Las Vegas and Phoenix markets. 6725 Via Austi Parkway, Suite 275 Las Vegas, Nevada 89119