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67 Acres | Las Vegas Blvd

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67 Acres | Las Vegas Blvd 67 ACRES | LAS VEGAS BLVD CITY CENTER WYNN MANDALAY BAY McCARRAN INTERNATIONAL AIRPORT 15 Warm Springs Rd Las Vegas Blvd 215 SUBJECT SITE ±67 ACRES 160 Blue Diamond Interchange OFFERING MEMORANDUM PROPERTY DETAILS Broker Contact • Subject site comprised of 67 acres • Total Size ±2,904,142 Square Feet Aman Lal, NV RED #01389108 • Zoned H-1/MUD-1/MUD-2 • 2,000 Front Ft. ± on Las Vegas Blvd. T (702) 929-3120 | [email protected] • Hotel, Casino, Luxury Offices & Condos • 1,200 Front Ft. ± on I-15 Nevada Office • Convention Center • 2,060 Ft. ± on Blue Diamond Rd. The Hoffman 9205 W Russell Road, Suite 235 • Las Vegas, Nevada 89148 • Stadium, Theme Park • Within 2.5 miles of McCarran Airport and Company T (702) 929-3120 | www.hoffmanland.com | NV RED #B.1000466 Russel Rd. Interchange Subject Property Traffic Distribution Ingress & Egress A Interstate I-15 & Blue Diamond Interchange B Parvin St/Blue Diamond Rd C Blue Diamond Rd & Las Vegas Blvd CITY CENTER WYNN D Santoly Ave MANDALAY BAY McCARRAN INTERNATIONAL AIRPORT E Mesa Verde La I H F Old Blue Diamond Rd & Las Vegas Blvd Warm Springs Rd G Robindale Rd. NDOT Proposed I-15 Overpass G F H Warm Springs Rd/I-15 Overpass I Interstate I-215 Interchange J E J Interstate I-15 Merging Lane SUBJECT SITE D ±67 ACRES C • Subject Site comprised of 67 Acres located by Las B Vegas Blvd and Blue Diamond Interchange A • Zoned H-1/MUD/MUD-2 • 2,000 Front Ft. ± on Las Vegas Blvd. • 1,200 Front Ft. ± on I-15 • 2,060 Ft. ± on Blue Diamond Rd. • Within 1.6 miles of McCarran International Airport The OFFERING MEMORANDUM 2 67 ACRES ON LAS VEGAS BLVD Hoffman Company Proposed Rendering Concept Overlay on Aerial CITY CENTER WYNN MANDALAY BAY McCARRAN INTERNATIONAL AIRPORT Warm Springs Rd The OFFERING MEMORANDUM 3 67 ACRES ON LAS VEGAS BLVD Hoffman Company Close Up Aerial With APNs APN # Acreage 15 177-08-803-013 24.34 177-08-702-002 11.04 177-08-803-014 30.27 215 177-08-803-010 00.67 177-08-803-001 00.31 177-08-702-002 11.04 Ac 177-08-803-013 S LAS 24.34 Ac 177-08-803-014 30.27 Ac VEGAS 177-08-803-001 BLVD 0.31 Ac 177-08-803-010 BLU E DIA 160 MON D IN 0.67Ac TER CH AN GE The OFFERING MEMORANDUM 4 67 ACRES ON LAS VEGAS BLVD Hoffman Company Views from Subject Site Looking North Toward Mandalay Bay SUBJECT SITE ±67 ACRES The OFFERING MEMORANDUM 5 67 ACRES ON LAS VEGAS BLVD Hoffman Company Rendering The OFFERING MEMORANDUM 6 67 ACRES ON LAS VEGAS BLVD Hoffman Company Subject Property Traffic Distribution Ingress/Egress 160 A 15 215 © 2012-2017 Digital Map Products. All rights reserved. B SUBJECT SITE 215 ±67 ACRES H S LAS VEGAS BLVD C D E F G I A Interstate I-15 & Blue Diamond Interchange F Old Blue Diamond Rd West Distribution - Right In/Right Out B Parvin St/Blue Diamond Rd (Logical Signal) G Robindale Rd. (Logical Signal) NDOT Proposed I-15 Overpass C Blue Diamond Rd & Las Vegas Blvd (Signalized) H Warm Springs Rd/I-15 Overpass (Signalized) D Santoly Ave (Logical Extension) - Right In/Right Out I Interstate I-215 Interchange (Signalized) E Mesa Verde Lane (Logical Signal) The OFFERING MEMORANDUM 7 67 ACRES ON LAS VEGAS BLVD Hoffman Company 114 feet 1 Regional Aerial SUMMERLIN WINCHESTER SOUTH LAS VEGAS PARADISE SUBJECT SITE ENTERPRISE HENDERSON The OFFERING MEMORANDUM 8 67 ACRES ON LAS VEGAS BLVD Hoffman Company Property Details • Subject property is located at the N.W. corner of Las Vegas Boulevard • Subject property was chosen as one of the final four sites (originally and the New Blue Diamond Road Interchange extending from Las 17 sites under consideration) by an independent 15-person Vegas Boulevard to Interstate-15. committee contracted by Clark County and the City of Las Vegas to • Subject property is the only undeveloped Las Vegas Boulevard determine the feasibility and location of an Events Center in the Las location immediately adjacent to a fully completed interchange with Vegas valley. Additionally, it is the only site of the final four located ample front footage on Las Vegas Boulevard for the appropriate traffic on Las Vegas Boulevard directly adjacent to a full interchange on signals and ingress / egress to and from the 66-acre site. Interstate-15. • Subject property provides an excellent merging intersection for all • Subject property has benefited from three years of continual site the growing Southwest traffic utilizing the newly expanded Blue due diligence by the land seller to assist a high profile, multi-use Diamond Highway and Las Vegas Boulevard. development. • Subject property provides numerous ingress / egress access routes to • With the completed and planned developments in the area, there is allow for smooth traffic flow, with an approval for a North in from Blue a higher likelihood of strong occupancy for a hotel / casino and retail Diamond Highway. development. • Subject property has more than 2000 front feet on Las Vegas • A development, with the Events Center as one of the attractions, Boulevard in addition to hi-visibility unobstructed exposure fronting upon completion would be a trophy, legacy development that 1500 feet along Interstate-15. would be the most significant real estate related accomplishment • Due to the FAA height restrictions to the North of the subject in Las Vegas for decades to come. The center of a web of professed property. Subject property is one of the first legitimate resort sites community pride and involvement. South of Mandalay Bay Resort. • Subject property location relative to Interstate-15 is very similar to Mandalay Bay, New York New York, and Caesar’s Palace. The OFFERING MEMORANDUM 9 67 ACRES ON LAS VEGAS BLVD Hoffman Company Prospective Buyers Site Information A) Seller to provide Buyer(s) access to the following reports & property E) Topographical Survey. information. Independent unrelated companies provided the information Physical attributes and mapping of ground elevations, contained here to Seller. Provided by C-B Nevada, Inc., dated August 29, 2006. B) Assessor’s Parcel Numbers F) Subject parcels currently H-1 Hard Zoned APN #177-08-803-014 (30.54 ac.) APN 177-08-702-002 & 177-08-803-014 – MUD-1 Density. APN 177-08-803-013 – MUD-2 Density, Airport Environs Sub-Districts (A- APN #177-08-803-013 (24.42 ac.) E65). APN #177-08-702-002 (10.95 ac.) All three parcels have ALTA/ACSM Land Title Surveys. Subject parcels are in the County Master Plan for same. Maps additionally depict Public Utilities locations and capacities. Provided by Great West Surveying Inc. May 5, 2015 G) Site Classification – Tier One Results of seller response to Clark Counties request for information as to 24.42-acre parcel Vacation/Abandonment of Patent Easements. the property suitability for a Las Vegas Events Center (New Arena). Provide by C-B Nevada, Inc., dated September 1, 2007. H) Regulatory Concern: C) Environmental Assessment Study – Phase One. Aeronautical Impact Statement by Federal Airways & Airspace Dec. 9, Provided by Western Technologies Inc. May 11, 2015 2015. (2015-AIS-734-OE) D) Preliminary Geotechnical Exploration Report. Note: Soils testing with borings to 100 feet. *Prospective Buyer has permission of Seller to utilize this information to Provided by Owens Geotechnical, Inc., dated September 8, 2006. order updated reports from the various providers at Prospects Buyers d1) Ground water absence to below 100 feet. expense and rely on those updates as the providers may warrant. d2) Seismic testing resulting in positive site classification upgrade **Seller believes the information to be accurate however cannot nor does not guarantee, warrant or take responsibility for the information. from D to C. Tested and verified by Owens Geotechnical, Inc., dated September 8, 2006. The OFFERING MEMORANDUM 10 67 ACRES ON LAS VEGAS BLVD Hoffman Company The Hoffman Company is pleased to announce this unique opportunity to own a piece of the famed Las Vegas “Strip.” The Hoffman Company has been retained by Fred Nassiri to sell 67 acres at the Interchange of Las Vegas Blvd and Blue Diamond. The is one of the most unique properties in Las Vegas with easy access to the 15 and 215 freeways. The site has an approved “on-ramp” onto the 15 freeway northbound. The property is zoned H-1, Limited Resort and Apartment. The site would support retail, multifamily, high density residential, hotel and many other uses. The property is less than 2 miles from McCarran Airport and Town Center. The Mandalay Bay casino and resort is located just 2.6 miles north of the site. This piece of land offers a developer a unique ability to capitalize on an irreplaceable location in a city with 40 Million visitors a year. The OFFERING MEMORANDUM 11 67 ACRES ON LAS VEGAS BLVD Hoffman Company.
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