Diablooffice Center 5555 Redwood St., Las Vegas, Nv 89118

Home , Majestic Las Vegas, Rhodes Ranch, Virgin Hotels Las Vegas

FOR SALE

DIABLOOFFICE CENTER 5555 REDWOOD ST., LAS VEGAS, NV 89118

MARC MAGLIARDITI, SIOR, CCIM TRAVIS LANDES BRENDAN KEATING Vice President Vice President CEO 702.954.4115 702.954.4126 702.954.4108 [email protected] [email protected] [email protected] S.0065949.LLC S.0177027.LLC B.0068678.LLC

DIABLOOFFICE CENTER 5555 REDWOOD ST., LAS VEGAS, NV 89118

Property Highlights Listing Snapshot

• Excellent Owner / User opportunity with +/- 4,706 SF available for immediate occupancy

• 82% occupancy will provide an Owner / User immediate income $5.8MM +/-25,813 SF $225 • Positioned in the rapidly expanding Southwest submarket Offering Price Available SF Price Per SF directly adjacent to Spring Valley Hospital

• Conveniently located less than 2 miles from the CC-215 which provides quick and easy access to the Las Vegas Demographics Valley Population 1-mile 3-mile 5-mile • Located just off high traffic Rainbow Blvd. surrounded 2020 Population 15,618 142,006 368,315 by numerous retail amenities and quick service- and sit down- restaurants Income 1-mile 3-mile 5-mile 2020 Average Household Income $79,957 $73,402 $79,651

Households 1-mile 3-mile 5-mile 2020 Total Households 6,239 57,218 144,481 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. RENO

Centennial Hills RN TETON RN TETON Aliante FR Vicinity Map FR UTAH EORN EORN I EER RIN EER RIN EER RIN ECTR

The Southwest Submarket experienced significant T ECO OEE CENTENNI REERE CENTENNI inventory growth in the second half of 2019 with over TROIC TROIC TROIC

170,000 SF of office space delivered, and approximately NN NN NN

E ONE 256,000 SF of proposed construction was announced the EN ECTR CTON ION COERCE end of 2019. Q2 of 2020 Southwest office product was the RN CNON ONE ONTIN ONE ONTIN ONE ONTIN

CRI CRI Valley’s most expensive submarket, followed closely by the CRI ENER Downtown submarket. ENER OEE ENER NEI ECO ONE

I CEENNE CEENNE CEENNE North Las Vegas E COERCE CIIC CENTER CIIC E RTIN IN E Amenities within 5-miles of Radius OE RNC CRE OEE CRE Spring Valley Hospital E E E E E E E R E R OEN 1 ETERN - 0.2 miles FR I Downtown INTON RRT ECTR Spanish Trail Country Club Summerlin ONE Las Vegas ONN T

2 ECO T TERT - 0.7 miles FREONT

CRETON CRETON NEI CRETON

OER

Arroyo Marketplace ONE ECTR ETERN FFO RNO RINO

3 RN R - 1.7 miles CRETON R R E R ONTON E E ERIN E E RIE

St. Rose Dominican Hospital CEO 4 EERT INN EERT INN EERT INN EERT INN - 2.8 miles RIN ONTIN RIN ONTIN TON CENTER TIN TIN 9

THE STRIP NI FINO Allegiant Stadium 11 FINO RN FINO 5 Summerlin ECE RON RON - 3.0 miles 2 5 South TROICN TROICN 7 TROICN OER NEI 1 CIEN ETERN 6 Southern Hills Hospital CIEN

RE RE ECO - 3.3 miles RE 10 TRIC E E ONTIN IT ONTIN ECTR

T-Mobile Arena ONE NET E NET RINO RNO 7 NET 6 FFO

- 3.6 miles 8 TENIE 3 R RIN Town Square Mall FORT CE R RIN 4 R RIN ROINE R RIN 8 ROINE ER - 4.1 miles RIE

INI ION INI RROO RNE RROO ROER REEN E REEN E The Las Vegas “Strip” E ION E ION ERE E E E 9 PAHRUMP EE ECO - 4.5 miles BOULDER CITY OER ORION RIE 10 McCarran International Airport Mountain’s Edge IERO RNC ETERN Henderson ORION EETRIN - 4.8 miles RN ER

ECTR CCT

FORT CE CCT 11 Summerlin Master-Planned Community RINO - 4.9 miles FFO Anthem E

Southern ETERN Highlands T ROE ONTEER

Major Landmarks Major Parks Hospitals Airports

CALIFORNIA Maps, Aerial, & Plans Retail Airports Planned Communities Golf Courses Hospitals Schools Parks Casinos

SPRING VALLEY HIGH SCHOOL

W. Flamingo Rd. // 42,500 CPD S. Bualo Rd. // CPD 21,300 S. Durango Rd. PAUL MEYER VegasS. Las Blvd. PARK

LAWRENCE JUNIOR KENNY C. GUINN I-15 Freeway // 143,000 CPD HIGH SCHOOL MIDDLE SCHOOL

CHARLIE FRIAS PARK

Tropicana Marketplace

W. Tropicana Ave. // 30,000 CPD S. Decatur Blvd. // 47,000 CPD

Tropicana Center SPANISH TRAIL SPRING VALLEY HOSPITAL

Tropicana Allegiant Beltway Stadium

DURANGO HIGH SCHOOL SUBJECT

W. Russell Rd. // 17,700 CPD

S. Jones Blvd. // 36,000 CPD S. Rainbow Blvd. // 45,500 CPD

MOUNTAINS EDGE HOSPITAL

BALI HAI GOLF CLUB

OFFICE SOUTHERN HILLS PARK HOSPITAL

W. Sunset Rd. // 9,100 CPD

CENTRAL POINT ARROYO BUSINESS PARK LAS VEGAS BUSINESS PARK GOLF CENTER CC 215 Beltway // 199,000 CPD

S. Fort Apache Rd. RED RIDGE PARK Arroyo Marketplace BELTWAY ST. ROSE DOMINICAN BUSINESS CENTER HOSPITAL

W. Warm Springs Rd.

VA PRIMARY RHODES RANCH HOSPITAL Maps, Aerial, & Plans Retail Undeveloped Land Hospitals

LAS VEGAS STRIP

GRANT SAWYER MIDDLE SCHOOL

Redwood St. SRING VALLEY HOSPITAL Zoned (C-P)

W. Diablo Dr.

W. Dewey Dr. Zoned (C-P)

Zoned (R-E)

Zoned (R-E) Maps, Aerial, & Plans

W. DIABLO DR. NAP W.DR. DEWEY Zoned (C-P) SUBJECT

W. DIABLO DR. NAP Zoned (C-P)

REDWOOD ST. Property Photos

Las Vegas 2020-2024 Centennial Hills RN TETON RN TETON Aliante FR Development Pipeline FR 38 UTAH EORN EORN

I 22 28 EER RIN EER RIN EER RIN ECTR T ECO OEE CENTENNI 18 REERE CENTENNI

TROIC TROIC TROIC $23.4 Billion NN NN NN E ONE Estimated Construction Value EN ECTR CTON ION COERCE

RN CNON ONE ONTIN ONE ONTIN ONE ONTIN

CRI CRI CRI # PROJECT NAME COST ENER ENER OEE ENER

1 Resorts World Las Vegas $4.3B NEI ECO ONE

2 Allegiant Stadium (Raiders) $1.97B I CEENNE CEENNE CEENNE North 3 MSG Sphere at the Venetian $1.66B Las Vegas Las Vegas Convention Center Expansion $1.4B E COERCE CIIC CENTER CIIC 4 E OE RNC RTIN IN CRE OEE E CRE

5 Union Village $1.2B E E E E E E

E R E R OEN 6 Henderson West $950MM ETERN FR I 7 Majestic Las Vegas $850MM Downtown INTON RRT ECTR Summerlin ONE Las Vegas ONN 8 Google Data Center $600MM 2437 T 23

14 ECO 9 UnCommons $400MM T TERT 32 FREONT 17 10 Caesars FORUM Conference Center $375MM CRETON CRETON NEI CRETON OER ONE ECTR ETERN

11 Astral Hotel and Casino $350MM FFO RNO RINO RN CRETON R R R 12 Haas Automation Manufacturing Plant $327MM R E 36 E E E E

13 Dream Hotel $300MM 7 RIE EERT INN 1 CEO 14 Nevada Museum of Art, Las Vegas $250MM EERT INN 4 34 EERT INN EERT INN RIN ONTIN RIN ONTIN 33 TON CENTER TIN TIN 15 I-15 and Tropicana Interchange Reconstruction $200MM 29 3 NI 20 FINO FINO 10 RN FINO 16 Virgin Hotels Las Vegas (former Hard Rock) $200MM 21 Summerlin ECE RON 16 RON 17 UNLV Medical School Building $155MM 2 THE STRIP South TROICN TROICN 19 TROICN 40 15 18 I-15 / CC 215 Northern Beltway Interchange $110.5MM 11 OER NEI CIEN CIEN ETERN 19 Las Vegas Monorail Extension to Manadalay Bay $100MM RE 27 RE 13 RE ECO

20 Elysian at the Hughes Center $100MM TRIC E E ONTIN IT ONTIN

21 Delta by Marriott $100MM ECTR ONE NET E NET 5 RINO RNO NET FFO

22 Centennial Hills Hospital Expansion $98MM TENIE 9 R RIN 23 AC Hotel by Marriott $95MM FORT CE R RIN R RIN 8 ROINE R RIN 24 Expo at World Market Center Las Vegas $90MM ROINE ER RIE

INI ION 25 CSN Health & Sciences Building $77MM INI RROO RNE RROO ROER REEN E REEN E

26 Intermountain Healthcare Performance Center $75MM E ION E ION ERE E E E 35 31 BOULDER CITY EE 27 The Bend $70MM PAHRUMP ECO

OER 28 New CC 215 Interchanges at Losee, Pecos, & Lamb $70MM ORION RIE

29 Luxury Apartments at Twain and Dean Martin $65MM Mountain’s Edge IERO RNC ETERN ORION EETRIN 39 Henderson 30 Nevada State College Education Building $61.9MM 25 RN ER

ECTR CCT

FORT CE CCT 31 Blue Diamond Widening $58.6MM 26 32 New Las Vegas Municipal Courthouse $56MM 6 RINO FFO Anthem 33 Hampton Inn & Suites / Home2 Suites $55MM E 30

Southern ETERN 34 Las Vegas Convention Center Loop $52.5MM T ROE Highlands 35 Downtown Henderson $50MM ONTEER 36 Las Vegas Boulevard Repaving $47.7MM 12 37 Downtown Grand Hotel & Casino Third Tower $45MM Freeway Projects Airports 38 Water Pipeline to Apex Industrial Park $42MM 39 South Point Hotel Casino & Spa Renovation $40MM Major Parks Hospitals CALIFORNIA 40 CC 215 Beltway Widening $29.6MM

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. Southern Nevada Travel Breakdown Revenue Breakdown Occupancy Breakdown 2.3MM $10.2B 94.5% By the Numbers 2019 Southern 2019 Clark County’s 2019 Las Vegas’ Nevada population gaming revenue weekend occupancy 49.7MM $6.6B 89.5% 2019 number of enplaned/ 2019 Las Vegas Strip’s 2019 Las Vegas’ deplaned airline passengers gaming revenue Strip occupancy 69% $857MM 88.2% 2019 percentage of visitors 2019 Boulder Strip’s 2019 Las Vegas’ are Millennials and Gen Xers gaming revenue city-wide occupancy 60% $650MM 85.5% 2019 percentage of visitors 2019 Downtown’s 2019 Las Vegas’ Clark County, Nevada are traveling by plane gaming revenue midweek occupancy Clark County is the largest county in Nevada by population with jurisdiction over the world-famous Las Vegas Strip and covering an % % area the size of New Jersey. Clark is the nation’s 14th-largest county 20 $527 83.0 and provides extensive regional services to more than 2.3 million 2019 percentage of international 2019 average visitor’s 2019 Las Vegas’ citizens and more than 45.6 million visitors a year (2019). Included are travelers to Las Vegas gambling budget per trip Downtown occupancy the nation’s 9th-busiest airport, air quality compliance, social services and the state’s largest public hospital, University Medical Center. 19% 42MM 66.2% Nevada has no shortage of compelling landscapes, and Clark 2019 percentage of visitors 2019 number visitors 2019 U.S. national average County is no different. Mt. Charleston and skiing are just 45 minutes are from Southern California come to Las Vegas hotel occupancy away, and Red Rock National Conservation area beckons on the western fringe of the Las Vegas Valley. Lake Mead National Recreation Area, located 30 miles southeast of Las Vegas, caters % MM to boaters, swimmers, fishermen, hikers, wildlife photographers 16 6.5 and roadside sightseers. Meanwhile, gambling is offered in the 2019 percentage of 2019 number convention convention attending visitors delegates visit destinations of Mesquite, Primm and Laughlin, located on the sun- drenched Colorado River. Source: www.clarkcountynv.gov / Wikipedia Source: Las Vegas Convention and Visitors Authority, Research Center

The information herein was obtained from sources deemed reliable; however Logic Commercial Real 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. Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. #11 #47 #47 #39 #36 #43 #50 RI NJ CT DE DC MA MD ME #33 48th #6 NY #49 California NC #15 NH VA #25 PA #29 FL #4 SC #30 #44 WV #23 VT GA #32 21st OH #38 Idaho KY #24 MI AL #12 #40 TN #18 10 Best Business Tax Climates 10 Best Business Tax Climates Business Tax 10 Worst IN #10 MS #31 IL #35 WI 20th #26 Arizona LA #41 AR #46 MO #14 IA #42 MN #45 OK #27 9th Utah KS www.taxfoundation.org #34 TX #13 #2 NE SD ND #16 #28 Source: Source: CO #17 Tax Climate Index Ranking By State Ranking Index Tax Climate 8th NM #22 2020 State Business Tax Climate Index Climate Business Tax 2020 State Oregon #1 WY HI #37 #5 MT #9 UT AZ #20 ID 7th #21 Nevada #7 NV #3 AK WA #19 1st #8 OR 50th 10th 20th 30th 40th CA #48 Tax Estate Personal Income Tax Tax Tax Unitary Franchise

or Gift Tax Corporate Shares Tax Inheritance What Businesses Are NOT Paying For Paying NOT Businesses Are What

Corporate on Income

Income Tax Franchise Tax In comparison, the Tax Foundation’s Tax Climate Index rankings Climate Tax In comparison, Foundation’s Tax the 48th, ranks California significant: are states neighboring our for 20th,Arizona Idaho 21st, Oregon 8th, and Utah 9th. Nevada ranks as the 7th best state in the Tax Foundation’s Foundation’s in Tax the best state as ranks Nevada 7th the Index, Climate Business an independent2020 State Tax of taxation: in five areas taxes; ranking states corporate of income taxes,individual sales taxes, unemployment residential including property, on taxes and taxes, insurance property. commercial and Nevada isNevada one most the business-friendly of in West, the states companies qualifying help to incentives of variety a offering decision the make do business to Money Both and in state. the MagazinesForbes named one most the have of Silver the State country. the in business-friendly Tax Advantages Tax Nevada The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate

MARKET OVERVIEW 10 A Look at Southern Nevada

Pictured: Red Rock Canyon Pictured: Welcome to Las Vegas sign Pictured: Nellis Air Force Base Pictured: COH Justice Facility on Main Street

Clark County City of Las Vegas City of North Las Vegas City of Henderson With jurisdiction over the world-famous Las Las Vegas, officially the City of Las Vegas The City of North Las Vegas experienced a Henderson, officially the City of Henderson, Vegas Strip and covering an area the size of and often known simply as Vegas, is the population explosion over the past 17 years, is a city in Clark County, Nevada, United New Jersey, Clark is the nation’s 14th-largest 28th-most populated city in the United in large part due to low unemployment, a States, about 16 miles southeast of Las county and provides extensive regional States, the most populated city in the state of booming economy, the connection of the Vegas. services to more than 2.3 million citizens and Nevada, and the county seat of Clark County. freeway loop and record home building. It is the second-largest city in Nevada, after more than 45.3 million visitors a year. The city anchors the Las Vegas Valley The city of North Las Vegas is home to Las Vegas, with an estimated population of Included are the nation’s 8th-busiest airport, metropolitan area and is the largest city approximately 250,000 people, and features 290,000 residents in 2016. air quality compliance, social services and within the greater Mojave Desert. one of the most important Air Force bases in In 2011, Forbes magazine ranked Henderson the state’s largest public hospital, University the country. Las Vegas is an internationally renowned as America’s second-safest city. It has also Medical Center. major resort city, known primarily for Nellis Air Force Base is called the “Home of been named as “One of the Best Cities to Nevada has no shortage of compelling its gambling, shopping, fine dining, the Fighter Pilot”, and houses the U.S. Air Live in America” by Bloomberg Business landscapes, and Clark County is no different. entertainment, and nightlife. Force Warfare Center, the largest and most Week. Mt. Charleston and skiing are just 45 minutes demanding advanced air combat training The Las Vegas Valley as a whole serves In 2014, Henderson was again ranked as away, and Red Rock National Conservation center in the world. as the leading financial, commercial, and one of the Top 10 “Safest Cities in the United area beckons on the western fringe of the cultural center for Nevada. States” by the FBI Uniform Crime Report. Las Vegas Valley.

Pictured: Las Vegas Strip Pictured: Fremont Street, Downtown Pictured: Summerlin Library Pictured: Rhodes Ranch Golf Course

The Las Vegas Strip Downtown Las Vegas Summerlin Southwest Las Vegas The Las Vegas Strip is a stretch of South Downtown Las Vegas (DTLV) is the central Summerlin is an affluent master-planned Encompassing master-planned Las Vegas Blvd. in Clark County, NV that is business district and historic center of Las community in the Las Vegas Valley of developments like Rhodes Ranch and known for its concentration of resort hotels Vegas, NV. Southern Nevada. Mountain’s Edge, Southwest is a unique and casinos. corner of the Valley known for its bedroom It is the original town-site and was the It lies at the edge of the Spring Mountains communities and rural charm. The Strip is approximately 4.2 miles in length, gambling district of Las Vegas prior to and Red Rock Canyon to the west; it is partly located immediately south of the Las Vegas the Strip, and the area still incorporates within the official city limits of Las Vegas and Southwest is part of a larger unincorporated city limits in the unincorporated towns of downtown gaming. partly within unincorporated Clark County. stretch of Las Vegas that’s tried to maintain Paradise and Winchester. its rural character. It features a variety of hotel and business This rapidly growing community occupies Many of the largest hotel, casino, and resort high-rises, cultural centers, historical over 22,500 acres and according to its Today, its dual proximity to freeways and properties in the world are located on the buildings and government institutions, as developers. distance from The Strip makes it an ideal Strip. well as residential and retail developments. area for many Las Vegans as well as Summerlin encompasses more than 230 prospective homebuyers. Most of the Strip has also been designated Fremont Street is home to most of parks, more than two dozen public and private as an All-American Road and is considered a downtown’s hotels and casinos. schools, 14 houses of worship, 9 golf courses, scenic route at night. 3 resort hotels, recreational facilities, retail and entertainment centers, well-established office parks, and a medical center.

Pictured: Rhodes Ranch Golf Course Pictured: Statue along Hoover Dam Pictured: Valley of Fire, Mesquite Pictured: Laughlin Casinos along Colorado River Pictured: Welcome to Pahrump Sign

Boulder City Mesquite Laughlin Pahrump Boulder City is a city in Clark County, Mesquite is a city in Clark County, Nevada, Laughlin is an unincorporated town and Pahrump is an unincorporated town in Nye Nevada, United States. It is approximately 26 adjacent to the Arizona state line and 80 census-designated place in Clark County, County, Nevada, United States about 62 miles southeast of Las Vegas. miles northeast of Las Vegas on Interstate 15. Nevada, United States. miles west of Las Vegas, Nevada. As of the 2010 census, the population of As of the 2010 census, the city had a It is located on the Colorado River, directly Pahrump lies near the Nevada-California Boulder City was 15,023. population of 15,276. across from the much larger Bullhead City, border and the area had a 2010 population Arizona. of 36,441. Boulder City is one of only two places in The city is located in the Virgin River valley Nevada that prohibits gambling, the other adjacent to the Virgin Mountains in the Laughlin lies 90 miles south of Las Vegas, in Pahrump was originally inhabited by the being the town of Panaca. northeastern part of the Mojave Desert. the far southern tip of Nevada, and is known Southern Paiute. It was slowly inhabited by for its gaming and water recreation. settlers in the late 19th century. Its sole reason for existence was the need It is home to a growing retirement to house workers contracted to build the community, as well as several casino resorts As of the 2010 census, the population was They reportedly chose the name for Hoover Dam on the Colorado River. and golf courses. 7,323. Pahrump after the original Southern Paiute name Pah-Rimpi, or “Water Rock,” so named The nearby communities of Bullhead City, because of the abundant artesian wells in Arizona; Needles, California; Fort Mohave, the valley. Arizona; and Mohave Valley, Arizona, bring the area’s total population to about 100,000.

The Las Vegas metropolitan area is home to many sports, most of which take place in the unincorporated communities around Las Vegas rather than in the city itself. The Las Vegas Valley has three major league professional teams: the Vegas Golden Knights of the NHL who began play in 2017 as the region’s first major pro team. The Las Vegas Aces of the WNBA became the region’s second professional team in 2018. The Oakland Raiders of the NFL will begin play in Las Vegas as the Las Vegas Raiders by 2020 and become the region’s third major professional team. Las Vegas is also home to one minor league sports team: the Las Vegas Aviators of Minor League Baseball affiliated with the Oakland Athletics. Las Vegas Lights FC is an expansion team for the United Soccer League.