For Sale Offering Memorandum

Total Page:16

File Type:pdf, Size:1020Kb

For Sale Offering Memorandum FUTURE RETAIL SUBJECT ARVILLE ST. +/- 2.12 ACRES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ZONED: GENERAL COMMERCIAL (C-2) BLUE DIAMOND RD. // 52,500 CPD FOR SALE OFFERING MEMORANDUM CAMERON GLINTON DAMIAN PHILLIPS DECATUR & Vice President Associate 702.954.4150 702.954.4151 SHELLBOURNE II [email protected] [email protected] CONFIDENTIALITY AGREEMENT This Offering Memorandum contains select information pertaining to the business and affairs By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: of S. Decatur and W. Shelbourne, Las Vegas, NV 89139 This Memorandum was prepared 1. The Offering Memorandum and its contents are confidential; based on information supplied by Seller and Broker. It contains selected information about 2. You will hold it and treat it in the strictest of confidence; and the Property and the real estate market, but does not contain all the information necessary 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this to evaluate the acquisition of the Property. The financial projections contained herein (or Offering Memorandum or its contents in any fashion or manner detrimental to the in any other Confidential Information) are for general reference only. The projections are interest of the Seller. based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual Seller and LCRE expressly reserve the right, at their sole discretion, results may vary materially from such projections. Various to reject any and all expressions of interest or offers to purchase the documents have been summarized herein to facilitate Property and to terminate discussions with any person or entity reviewing your review; these summaries are not intended to be a this Offering Memorandum or making an offer to purchase the Property comprehensive statement of the terms or legal analysis of unless and until a written agreement for the purchase and sale of the 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 10 MARKET OVERVIEW BROKERAGE CAMERON GLINTON Vice President 702.954.4150 [email protected] DAMIAN PHILLIPS Associate 702.954.4151 [email protected] Updated: 08.05.19 EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 1 MARKET OVERVIEW EXECUTIVE SUMMARY PROPERTY OVERVIEW LOGIC Commercial Real Estate is pleased to present the opportunity to purchase Panda Express, and many more quality tenants. The Blue Diamond Crossing 2.12 Acres in southwest Las Vegas for $830,000 at $8.98 per square foot. The shopping center featuring Target, Kohls, Ross, Big Lots, Office Depot, and many property is located just east of the Coronado Ranch Community with close proximity more is under 2 miles away. There are countless food and dining options in this to Blue Diamond Rd. The immediate area has seen an influx of new development corridor along with the Silverton Casino that is 2.5 miles from the subject. within the past few years. The Southwest part of the valley continues to be an attractive area for new projects both residential and commercial. This prime Located on Decatur Blvd., that has traffic counts of 14,200 cars per day. The development opportunity is within minutes of the CC 215 Beltway, I-15 Freeway, average household income is $92,106 from the 81,421 people that live in a 3-mile and Las Vegas Blvd. The 2.12 Acre parcel enjoys a location that is convenient radius of the subject property. There are currently 37,852 homes in a 3-mile radius to several major shopping centers along Blue Diamond Rd., such as the Blue with the expectation of 40,606 homes in 2024. Diamond Ranch center which includes Albertsons, Sav-On Pharmacy, Café Rio, W. CAMERO AVE. S. DECATUR BLVD. W. SHELBOURNE AVE. 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 $830,000 +/- 2.12 AC $391,509 Offering Price Acreage Price Per Acre W. CAMERO AVE. PROPERTY DETAILS Cross Streets: S. Decatur Blvd., and W. Shelbourne Ave. S. DECATUR BLVD. Parcel Number: 176-13-501-018 Submarket: Southwest Zoning: Rural Estates Residential (R-E) W. SHELBOURNE AVE. Planned Land Use: OP - Office Professional INVESTMENT HIGHLIGHTS HIGHLY DESIRABLE RESIDENTIAL LAND IN SW. LAS VEGAS STREET FRONTAGE ON DECATUR +/- 14,200 CPD PRIME DEVELOPMENT OPPORTUNITY STRONG DEMOGRAPHIC SUBMARKET The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 3 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 4 MARKET OVERVIEW MAPS, AERIALS, AND PLANS SUBJECT FUTURE RETAIL SUBJECT ARVILLE ST. ARES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 BLUE DIAMOND RD. // 52,500 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. MAPS, AERIALS, AND PLANS W. WINDMILL LN. FUTURE RETAIL SUBJECT S. VALLEY VIEW BLVD. S. VALLEY ARVILLE ST. FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD BLVD. S. DECATUR I-15 FREEWAY // 239,000 CPD I-15 FREEWAY BLUE DIAMOND RD. // 52,500 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 6 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS FUTURE RETAIL SUBJECT ARVILLE ST. ARES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 BLUE DIAMOND RD. // 52,500 CPD The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 7 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS SUBJECT ARES S. DECATUR BLVD. W. SHELBOURNE AVE. W. CAMERO AVE. The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 8 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS K . P C O This map is for assessment use only and does NOT represent a survey. A ASSESSOR'S PARCELS - CLARK COUNTY, NV. E
Recommended publications
  • Cornell Alumni Magazine
    c1-c4CAMja12_c1-c1CAMMA05 6/18/12 2:20 PM Page c1 July | August 2012 $6.00 Corne Alumni Magazine In his new book, Frank Rhodes says the planet will survive—but we may not Habitat for Humanity? cornellalumnimagazine.com c1-c4CAMja12_c1-c1CAMMA05 6/12/12 2:09 PM Page c2 01-01CAMja12toc_000-000CAMJF07currents 6/18/12 12:26 PM Page 1 July / August 2012 Volume 115 Number 1 In This Issue Corne Alumni Magazine 2 From David Skorton Generosity of spirit 4 The Big Picture Big Red return 6 Correspondence Technion, pro and con 5 10 10 From the Hill Graduation celebration 14 Sports Diamond jubilee 18 Authors Dear Diary 36 Wines of the Finger Lakes Hermann J. Wiemer 2010 Dry Riesling Reserve 52 Classifieds & Cornellians in Business 35 42 53 Alma Matters 56 Class Notes 38 Home Planet 93 Alumni Deaths FRANK H. T. RHODES 96 Cornelliana Who is Narby Krimsnatch? The Cornell president emeritus and geologist admits that the subject of his new book Legacies is “ridiculously comprehensive.” In Earth: A Tenant’s Manual, published in June by To see the Legacies listing for under - Cornell University Press, Rhodes offers a primer on the planet’s natural history, con- graduates who entered the University in fall templates the challenges facing it—both man-made and otherwise—and suggests pos- 2011, go to cornellalumnimagazine.com. sible “policies for sustenance.” As Rhodes writes: “It is not Earth’s sustainability that is in question. It is ours.” Currents 42 Money Matters BILL STERNBERG ’78 20 Teachable Moments First at the Treasury Department and now the White House, ILR grad Alan Krueger A “near-peer” year ’83 has been at the center of the Obama Administration’s response to the biggest finan- Flesh Is Weak cial crisis since the Great Depression.
    [Show full text]
  • FOR SALE OFFERING MEMORANDUM Presented By
    FOR SALE OFFERING MEMORANDUM presented by: CAMERON GLINTON Vice President 2575 LYNNWOOD 702.954.4150 [email protected] APARTMENTS NV# S.0170880 CONFIDENTIALITY AGREEMENT This Offering Memorandum contains select information pertaining to the business and affairs By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: of 2575 Lynnwood St., Las Vegas, NV 89104. This Memorandum was prepared 1. The Offering Memorandum and its contents are confidential; based on information supplied by Seller and Broker. It contains selected information about 2. You will hold it and treat it in the strictest of confidence; and the Property and the real estate market, but does not contain all the information necessary 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this to evaluate the acquisition of the Property. The financial projections contained herein (or in Offering Memorandum or its contents in any fashion or manner detrimental to the any other Confidential Information) are for general reference interest of the Seller. only. 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.
    [Show full text]
  • For Sale Offering Memorandum
    THE GRAMERCY 215 BELTWAY // 164,000 CPD DESERT CANYON APARTMENT/RETAIL BUSINESS PARK UNDER CONSTRUCTION GAS STATION W. RUSSELL RD. // 20,000 CPD S. FORT APACHE RD. // 30,000 CPD FOR SALE OFFERING MEMORANDUM CHRIS RICHARDSON, CCIM JASON OTTER Director Director 702.954.4110 702.954.4109 [email protected] [email protected] CONFIDENTIALITY AGREEMENT This Offering Memorandum contains select information pertaining to the business and affairs By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: of 5752 S. Fort Apache Rd., Las Vegas, NV 89148. This Memorandum was prepared 1. The Offering Memorandum and its contents are confidential; based on information supplied by Seller and Broker. It contains selected information about 2. You will hold it and treat it in the strictest of confidence; and the Property and the real estate market, but does not contain all the information necessary 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this to evaluate the acquisition of the Property. The financial projections contained herein (or Offering Memorandum or its contents in any fashion or manner detrimental to the in any other Confidential Information) are for general reference only. The projections are interest of the Seller. based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual Seller and LCRE expressly reserve the right, at their sole discretion, results may vary materially from such projections. Various to reject any and all expressions of interest or offers to purchase the documents have been summarized herein to facilitate Property and to terminate discussions with any person or entity reviewing your review; these summaries are not intended to be a this Offering Memorandum or making an offer to purchase the Property comprehensive statement of the terms or legal analysis of unless and until a written agreement for the purchase and sale of the such documents.
    [Show full text]
  • JJ Peck Research and Marketing Manager Research
    PRESS RELEASE FOR IMMEDIATE RELEASE Contact: JJJJJJ Peck Research and Marketing Manager 702.369.4842 [email protected]@cbre.com CBRE Retained as Exclusive Office Leasing Agent for The Gramercy; Construction on Two 100,000 Square Foot BuiBuilllldingsdings to Commence September 2013 Las VeVegasgas ––– July 1111,, 2013 ––– Brad Peterson, Senior Vice President of the Las Vegas office of CBRE, announced today that CBRE is the exclusive office leasing agent for The Gramercy, a 500,000 square foot live/work project at 9500 Russell Road, conveniently located just west of the 215 beltway in the bustling southwestern Las Vegas valley. The Gramercy encompasses 200,000 square feet of Class-A office and retail space encompassed in two four-story buildings of 100,000 square feet each; a nine-story high rise with 85 apartments, a rooftop pool and party deck; and a four-story mid-rise with 160 apartment units. This best-in-class, amenity rich mixed-use development was recently acquired by an affiliate of California-based The Krausz Companies, Inc. The Gramercy is developed by SWLV Development LLC which consists of representatives of Krausz Cos. and WGH Partners. Thomas & Mack Development Group is the development consultant overseeing construction; and Martin Harris Construction is the general contractor Construction on the two 100,000-square-foot office buildings with underground parking is scheduled to begin in September 2013 with completion and tenant occupancy set for late spring 2014. The office buildings include spaces for a variety of different office and retail tenants. The project includes entitlements for an additional 500,000 square feet of residential and commercial space.
    [Show full text]
  • US 2009 Lodging Report
    US 2009 lodging report Introduction Dear Colleagues, We are pleased to present the 2009 edition of Ernst & Young’s US Lodging Report. In this year’s report, we review the performance of lodging markets and segments throughout the US. As important, we focus on the global events and trends of the past year that are likely to affect the hospitality industry in 2009 and beyond. These include the turbulent global economy and financial markets, an emphasis on cost control, an increased focus on green technology and the increasing role of technology to promote the brand, generate customer demand and improve the bottom line. Please visit our website, www.ey.com/us/realestate, to read our other hospitality publications. Ernst & Young’s Hospitality Services professionals provide developers, lenders, owners and operators with an array of advisory services. Please feel free to contact us if we may be of service. Sincerely, Michael Fishbin National Director Hospitality & Leisure Ernst & Young LLP US 2009 lodging report i US 2009 lodging report 1 Top 10 thoughts 11 Global and US overview 12 Global perspectives 14 US industry overview 21 Chain segments 35 Market overviews 36 Atlanta 40 Boston 44 Chicago 48 Dallas 52 Fort Lauderdale 56 Hawaii 62 Las Vegas 68 Los Angeles 74 Manhattan 80 Miami 84 New Orleans 88 Orlando 92 Philadelphia 96 Phoenix 100 San Diego 104 San Francisco 110 Washington, D.C. 115 Hospitality contacts ii Ernst & Young’s Global Real Estate Center US 2009 lodging report iii Top 10 thoughts iv Ernst & Young’s Global Real Estate Center Credit crunch: capital waiting 1 on the sidelines The credit crunch, which began in the short-term.
    [Show full text]