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Rare Free-Standing Industrial Building for Sale

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RARE FREE-STANDING INDUSTRIAL BUILDING FOR SALE DUAL LICENSES IN BOTH CULTIVATION AND PRODUCTION FULLY FENCED/SECURED WITH YARD Contents 2 Executive Summary 5 Aerials & Plans 11 Market Overview LOGIC Commercial Real Estate AMY OGDEN, SIOR 3900 W. Hualapai Way, Ste. 200 Vice President Las Vegas, NV 89147 702.234.9860 702.888.3500 [email protected] www.logicCRE.com S.0069966 01 Executive Summary Property Overview Property Details Property Overview Offering Snapshot LOGIC Commercial Real Estate is pleased to offer the rare opportunity to acquire a free-standing fully-fenced and secured industrial building for sale. The property sits on 1.64 AC, the entirety of which is fully fenced and paved with upgraded security. 1955 Palm Street is located in the heart of Las Vegas just west of Fremont Street. The facility is well $5.5MM suited for either an owner-user or already has been approved and utilized as a marijuana cultivation and production Offering Price facility. The project is equipped with state of the art security systems and rolling entry gates. Both cultivation and production licenses are available for sale in conjunction with the sale of the building, for a price to be discussed. $150 This area offers any operator the opportunity to quickly access the I-95 freeway via Sahara Avenue and offers fast Price Per Square Foot access to an array of amenities. +/- 36,538 Square Footage The information herein was obtained from sources deemed reliable; however Logic Commercial Real 2 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY EXECUTIVE (20) Grade Level Doors 16’ Clear Height 120/208V, Single-Phase Fully Sprinklered 19 15 Property Details 14 CENTENNIAL NORTH LAS VEGAS Location Grade Level Door(s) 25b 1955 Palm St. 20 (twenty) 12’x14’ grade level SUNRISE Las Vegas, NV 89104 doors/ potential to add dock well HISTORIC 11 WESTSIDE SUMMERLIN DOWNTOWN 12 Parcel Number Parking 21 7 4 PECCOLE RANCH25a / 9 5 16 THE LAKES 1 162-01-703-027 37 parking stalls 2 24 22 8 10 WHITNEY SPRING VALLEY PARADISE 3 23 6 Property Size Construction & Zoning 18 +/- 36,538 SF • Built in 1987 SOUTHWEST +/- 1.64 AC • Zoned light manufacturing (M-1) 25c concrete-tilt-up GREEN VALLEY / HENDERSON / ANTHEM 13 17 20 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 EXECUTIVE Investment Highlights Dual Licenses in both Fully Licensed for +/- 36,538 SF Free- Large Private Cultivation and Production Marijuana Cultivation Standing Building on 1.64 AC Paved Fenced Yard Both are available for sale-please ask for details 120/208 V Single Phase 16ft Fully Approximately +/- 2,700 SF Power -Capability to Upgrade Clear Height Fire Sprinklered Built Out Office Space to 3 Phase TheThe information information herein herein was was obtained obtained from from sources sources deemed deemed reliable; reliable; however however Logic Logic Commercial Commercial Real Real 4 EstateEstate makes makes no no guarantees, guarantees, warranties warranties or or representation representation as as to to the the completeness completeness or or accuracy accuracy thereof. thereof. 05 Aerials & Plans Demographics Vicinity Map Aerials Site Plan MAPS, AERIALS, & PLANS & PLANS AERIALS, AERIALS, MAPS, MAPS, Key Facts: 3-Mile Radius Full Demographic Report Population 1-mile 3-mile 5-mile 241,626 25,354 2000 Population 24,104 230,970 477,310 Total Population Daytime Population 2010 Census Population 21,961 232,872 498,588 2020 Population 23,707 251,939 537,626 2025 Population 25,140 267,002 571,366 7,905 103,236 Annual Growth 2010 - 2020 0.75% 0.77% 0.74% # of Businesses Total Employees Annual Growth 2020 - 2025 1.18% 1.17% 1.22% Income 1-mile 3-mile 5-mile 0.8% $173,330 2020 Average Household Income $41,806 $50,371 $54,846 2025 Average Household Income $45,436 $53,949 $59,427 2010-2019 Population Growth Median Home Value 2020 Per Capita Income $16,436 $17,442 $18,699 3-Mile Radius 2025 Per Capita Income $17,704 $18,619 $20,225 Households 1-mile 3-mile 5-mile 2000 Total Households 9,970 84,612 172,920 2010 Total Households 8,887 80,999 171,245 Key Spending Facts: 3-Mile Radius 2020 Total Households 9,333 86,536 181,594 2025 Total Households 9,810 91,492 192,795 $2,000 $1,785.76 Housing 1-mile 3-mile 5-mile $1,500 $1,272.84 $1,284.80 2020 Total Housing Units 10,998 101,572 216,690 $1,000 2020 Owner Occupied Housing Units 4,492 34,575 77,134 2020 Renter Occupied Housing Units 4,841 51,961 104,460 $521.78 $500 $372.80 2020 Vacant Housing Units 1,665 15,036 35,096 2025 Total Housing Units 11,595 107,665 230,514 $0 2025 Owner Occupied Housing Units 4,752 36,721 82,046 Travel Transportation Apparel Entertainment Furniture 2025 Renter Occupied Housing Units 5,058 54,771 110,750 2025 Vacant Housing Units 1,785 16,173 37,719 Spending facts are average annual dollars per household The information herein was obtained from sources deemed reliable; however Logic Commercial Real 6 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, & PLANS AERIALS, MAPS, RENO Centennial Hills GRAND TETON GRAND TETON Aliante FARM Vicinity Map FARM UTAH ELKHORN ELKHORN HUALAPAI DEER SPRINGS DEER SPRINGS DEER SPRINGS DECATUR This area offers any operator the opportunity to quickly 5TH PECOS LOSEE CENTENNIAL REVERE CENTENNIAL access the I-95 freeway via Sahara Avenue and offers fast TROPICAL TROPICAL TROPICAL access to an array of amenities. ANN ANN ANN LAS VEGAS BLVD JONES ALLEN DECATUR CLAYTON SIMMONS COMMERCE GRAND CANYON LONE MOUNTAIN LONE MOUNTAIN LONE MOUNTAIN CRAIG LAMB CRAIG CRAIG ALEXANDER ALEXANDER LOSEE ALEXANDER NELLIS PECOS JONES HUALAPAI CHEYENNE CHEYENNE CHEYENNE North Amenities within 5-miles of Radius Las Vegas LAK D E A COMMERCE CIVIC CENTER CIVIC ME SMOKE RANCH MARTIN L KING CAREY LOSEE LAS VEGAS BLVD CAREY 1 Desert Pines Golf Club LAKE MEAD LAKE MEAD LAKE MEAD VEGAS DR VEGAS DR OWENS - 1.2 miles EASTERN FAR HILLS Downtown WASHINGTON RAMPART 1 DECATUR Boulder Station Hotel and Casino JONES 2 Summerlin Las Vegas BONANZA ALTA - 1.3 miles ALTA PECOS STEWART 5 FREMONT CHARLESTON CHARLESTON LAMB NELLIS CHARLESTON Sunrise Hospital and Medical Center BOULDER HWY 3 JONES DECATUR EASTERN BUFFALO DURANGO RAINBOW - 1.6 miles MARYLAND SAHARA CHARLESTON SAHARA SAHARA LAS VEGAS BLVD SAHARA DOWNTOWN VEGAS VALLEY SUMMERLIN VEGAS VALLEY Las Vegas Country Club 6 3 LAMB PARADISE 4 4 McCLEOD 2 - 1.9 miles DESERT INN DESERT INN DESERT INN DESERT INN SPRING MOUNTAIN SPRING MOUNTAIN TOWN CENTER TWAIN TWAIN THE STRIP SANDHILL Downtown Las Vegas FLAMINGO 5 FLAMINGO MARYLAND FLAMINGO - 2.0 miles Summerlin PEACE WAY HARMON HARMON 10 9 7 South TROPICANA TROPICANA TROPICANA The Las Vegas Strip BOULDER HWY NELLIS 6 HACIENDA HACIENDA 8 EASTERN - 3.1 miles RUSSELL RUSSELL RUSSELL PECOS PATRICK LAKE MEAD PKWY University of Nevada – Las Vegas VISTA MOUNTAIN DECATUR JONES 7 SUNSET LAS VEGAS BLVD SUNSET RAINBOW DURANGO - 3.3 miles SUNSET BUFFALO STEPHANIE WARM SPRINGS 8 McCarran International Airport FORT APACHE WARM SPRINGS WARM SPRINGS ROBINDALE WARM SPRINGS ROBINDALE BERMUDA - 4.5 miles PARADISE WINDMILL GIBSON WINDMILL ARROYO GRANDE ARROYO BURKHOLDER T-Mobile Arena PKWY GREEN VALLEY 9 BLUE DIAMOND BLUE DIAMOND VERDE VALLE LAKE MEAD PKWY PAHRUMP PEBBLE - 4.8 miles PECOS BOULDER CITY BOULDER HWY Raiders Stadium HORIZON RIDGE PKWY 10 Mountain’s Edge SILVERADO RANCH EASTERN HORIZON EQUESTRIAN - 5.1 miles Henderson MARYLAND BERMUDA DECATUR CACTUS FORT APACHE CACTUS RAINBOW BUFFALO Anthem LAS VEGAS BLVD Southern EASTERN Highlands ST ROSE PKWY VOLUNTEER Major Landmarks Major Parks Hospitals Airports CALIFORNIA 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. 7 MAPS, AERIALS, & PLANS AERIALS, MAPS, Large Aerial Retail Planned Communities Golf Courses Hospitals Schools Casinos E. Bonanza Rd. // 27,100 CPD S. Lamb Blvd. // 31,000 CPD 31,000 LambS. // Blvd. VALLEY HOSPITAL MEDICAL CENTER DOWNTOWN LAS VEGAS ROY W MARTIN CHARLESTON UNIVERSITY MIDDLE SCHOOL COMMONS MEDICAL CENTER SHOPPING CENTER E. Charleston Blvd. // 30,500 CPD NELLIS CROSSING Maryland Pkwy. // 28,600 CPD 28,600 // Maryland Pkwy. SHOPPING MALL WALTER V LONG SUBJECT ELEMENTARY SCHOOL OASIS 157,000 CPDI-95 Freeway // DISPENSARY CURALEAF JOHN C FREMONT DISPENSARY MIDDLE SCHOOL WINTERWOOD COMMUNITY I-15 Freeway // 143,000 CPD ACRES ESSENCE DISPENSARY DISPENSARY E. Sahara Ave. // 30,500 CPD S. Eastern Ave. // 34,500 CPD // Ave. Eastern S. THE LAS VEGAS RELEAF DISPENSARY VALLEY STRIP HIGH SCHOOL THE LAS VEGAS COUNTRY CLUB WILL BECKLEY ELEMENTARY SCHOOL HAL SMITH PLANET 13 ELEMENTARY SCHOOL DISPENSARY E. Las Vegas Blvd. // 35,000 CPD SUNRISE HOSPITAL E. Desert Inn Rd. // 40,000 CPD S. Nellis Blvd. // 40,000 CPD 40,000 // NellisS. Blvd. BLUM Freemont St. // 39,000 CPD DISPENSARY REEF DISPENSARY STALLION MOUNTAIN COMMUNITY CHAPARRAL SHANGO HIGH SCHOOL DISPENSARY PISOS DISPENSARY E. Flamingo Rd. // 56,000 CPD The information herein was obtained from sources deemed reliable; however Logic Commercial Real 8 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, & PLANS AERIALS, MAPS, Close Up Aerial Retail Under Construction The Las Vegas Strip Downtown Las Vegas ZONED (C-2) UNDER CONSTRUCTION Fremont St. // 39,000 CPD E. St. Louis Ave. // 12,400 CPD Palm 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.
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