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701 S 1St OM REGIONAL JUSTICE CENTER BANK OF AMERICA FINANCIAL CENTER LAS VEGAS DOWNTOWN LAS VEGAS CLARK COUNTY SHERIFF’S JUHL LOFTS CITY HALL CIVIL PROCESS SECTION CLARK COUNTY DETENTION CENTER RTC BIKE CENTER CASINO CENTER BLVD. // 11,400 CPD GARCES AVE. S. 1ST ST. FOR SALE OFFERING MEMORANDUM CAMERON GLINTON Vice President 702.954.4150 1ST ST. & GARCES [email protected] S.0170880 LAND CONFIDENTIALITY AGREEMENT This Offering Memorandum contains select information pertaining to the business and By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: affairs of 701 & 715 S 1st St. Las Vegas, NV 89101. 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 CAPITAL MARKETS CAMERON GLINTON JEFF MAHONEY Vice President Vice President 702.954.4150 702.954.4131 [email protected] [email protected] S.0170880 NMLS # 1724377 NV LIC # 62248 EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS MARKET OVERVIEW NEWPORT LOFTS 1 LAS VEGAS STRIP ECLIPSE THEATERS CASINO CENTER BLVD. // 11,400 CPD S. 1ST ST. 1ST ST. & GARCES EXECUTIVE SUMMARY LAND PROPERTY OVERVIEW LOGIC Commercial Real Estate is pleased to present the opportunity to The property is located in the Office Core prime redevelopment area of purchase a rare .81 Acres of Land on the Southeast Corner of 1st and Garces downtown Las Vegas. The propery was a Walk Score of 75 (very walkable) and Ave in downtown Las Vegas. The land is comprised of two adjacent parcels 701 a Transit Score of 71 (Excellent Transit). The site has approximately 250 square S 1st (.49 Acres) and 715 S 1st. (.32 Acres). The property features curb, gutter, feet of frontage along 1st. St, and 143 square feet along Garces Ave. sidewalk, electricity, gas, sewer, and water improvements. REGIONAL JUSTICE CENTER BANK OF AMERICA FINANCIAL CENTER LAS VEGAS DOWNTOWN LAS VEGAS CLARK COUNTY SHERIFFS JUHL LOFTS CITY HALL CIVIL PROCESS SECTION CLARK COUNTY DETENTION CENTER RTC BIKE CENTER CASINO CENTER BLVD. // 11,400 CPD GARCES AVE. S. 1ST ST. 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 EXECUTIVEEXECUTIVE SUMMARYSUMMARY 1ST ST. & GARCES LAND REGIONAL PROPERTY DETAILS JUSTICE CENTER BANK OF AMERICA Cross Streets: 1st St. & Garces Ave. FINANCIAL CENTER Sale Price: Contact Broker LAS VEGAS DOWNTOWN LAS VEGAS CLARK COUNTY SHERIFFS JUHL LOFTS CITY HALL CIVIL PROCESS SECTION Parcel Number: 139-34-310-020,021 CLARK COUNTY Land Size: +/- 0.81 AC (0.49 AC + 0.32 AC) DETENTION CENTER Submarket: Downtown/ Arts District Zoning: C-M (Commercial Industrial District) RTC BIKE CENTER INVESTMENT HIGHLIGHTS This rare opportunity is located within walking distance of the 61-acre Symphony Park which is home to the Cleveland Clinic Lou Ruvo Center for CASINO CENTER BLVD. // 11,400 CPD Brain Health, Smith Center for Performing Arts and the Discovery Children’s GARCES AVE. Museum. Other nearby destinations include the 5.1 Million-square foot World Market Center, the 175-store Las Vegas Premium Outlets, and the site is just two blocks east of the Clark County Government Center. Within a half-mile of the site are some of Las Vegas’ most anticipated new development projects including the planned 324-unit Auric Symphony Park apartment and retail complex, the new 315,000 square foot downtown convention center, and the S. 1ST ST. 777 room Circa Resort & Casino to name a few. 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. 3 EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 4 MARKET OVERVIEW MAPS, AERIALS, AND PLANS SUBJECT REGIONAL JUSTICE CENTER BANK OF AMERICA FINANCIAL CENTER LAS VEGAS DOWNTOWN LAS VEGAS CLARK COUNTY SHERIFFS JUHL LOFTS CITY HALL CIVIL PROCESS SECTION CLARK COUNTY DETENTION CENTER RTC BIKE CENTER CASINO CENTER BLVD. // 11,400 CPD GARCES AVE. S. 1ST ST. 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 CASHMAN CENTER Las Vegas Club E. BONANZA RD. WORLD THE MARKET SMITH CENTER CENTER US 95 // 158,000 CPD Map types andClark header County titles are subject to change based on agent requirements S. MAIN ST. Regional Justice Center STEWART AVE. LAS VEGAS LAS VEGAS ACADEMY PREMIUM SUBJECT OUTLETS NORTH Federal FREMONT ST. // 9.925 CPD Courthouse N. MARYLAND PKWY. AND RTC CLARK COUNTY Newport Lofts I-15 // 261,000 CPD LAS VEGAS BLVD. Urban Lofts Urban SOHO Lofts Lofts E. CHARLESTON BLVD. // 34,213 CPD S. MOJAVE RD.S. MOJAVE S. EASTERN // 33,150 AVE. CPD 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 REGIONAL JUSTICE CENTER BANK OF AMERICA FINANCIAL CENTER LAS VEGAS DOWNTOWN LAS VEGAS CLARK COUNTY SHERIFFS JUHL LOFTS CITY HALL CIVIL PROCESS SECTION CLARK COUNTY DETENTION CENTER RTC BIKE CENTER CASINO CENTER BLVD. // 11,400 CPD GARCES AVE. S. 1ST ST. 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 NEWPORT LOFTS LAS VEGAS STRIP ECLIPSE THEATERS CASINO CENTER BLVD.
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