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Office/ Retail for Lease OFFICE/ RETAIL FOR LEASE presented by: MARC MAGLIARDITI, CCIM Vice President SKY 702.954.4115 [email protected] LAS VEGAS 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 PROPERTY OVERVIEW This offering provides the rare opportunity to lease office/retail space on the internationally acclaimed Las Vegas Strip, which hosts over 42 million visitors annually. These spaces are located within the Sky Las Vegas luxury condominium tower on the north end of the Las Vegas Strip, in the heart of growing North-Strip development activity. These three spaces sit atop the +/- 14,378 SF CVS Pharmacy which occupies the ground level on Las Vegas Blvd. and total +/- 14,444 SF, +/- 2,926 SF, and +/-11,840 SF respectively. With more than 255 feet of Las Vegas Strip frontage and access, there are two entrances from the Strip serving the second and third floors. The office/retail spaces share two floors of dedicated parking, totalling 140 parking spaces, with CVS that are exclusive to the office/retail portion of the development. There is a separate rear drop off and lobby to lead customers and guests to the upper floor office/retail space. Due to stellar location, the Sky Las Vegas office/retail space enjoys a built-in customer base with over 400 units in the tower above and an additional 1,200 potential tourists directly adjacent to the property in the Hilton Grand Vacation towers. Just south of the property, more than 6,000 hotel rooms are slated for construction at the internationally funded Resorts World; The Lucky Dragon Hotel and Casino has recently completed construction to the north; and Fontainebleau is on the market, with an additional 3,800 rooms planned for construction, directly across Las Vegas Blvd. Furthermore, demand on the North-Strip will be positively affected by the $1.4 billion expansion of the Las Vegas Convention Center. Property Name: Sky Las Vegas Address: 2700 S. Las Vegas Blvd., Las Vegas, NV 89109 Commercial - Suite 200: +/- 14,444 SF Total Size: Commercial - Suite 205: +/- 2,926 SF Commercial - Suite 300: +/- 11,840 SF Total Size: +/- 29,210 SF APN: Suite 200: 162-09-616-413 Suite 205: 162-09-616-414 Suite 300: 162-09-616-415 Zoning: Limited Resort & Apartment (UV) Year Built: 2007 Updated: 09.12.18 The information herein was obtained from sources deemed reliable; however Logic Commercial Real LOGICEstate COMMERCIALmakes no guarantees, REAL warranties ESTATE or representation • 3900 S.as toHUALAPAI the completeness WAY, or accuracySUITE thereof200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM 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 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 PROPERTY PHOTOS The information herein was obtained from sources deemed reliable; however Logic Commercial Real LOGICEstate COMMERCIALmakes no guarantees, REAL warranties ESTATE or representation • 3900 S.as toHUALAPAI the completeness WAY, or accuracySUITE thereof200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM 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 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 PROPERTY PHOTOS The information herein was obtained from sources deemed reliable; however Logic Commercial Real LOGICEstate COMMERCIALmakes no guarantees, REAL warranties ESTATE or representation • 3900 S.as toHUALAPAI the completeness WAY, or accuracySUITE thereof200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM 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 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 FLOOR PLAN Second Floor Third Floor SUITE 205 2,926 SF Available Space NAP SUITE 200 14,444 SF SUITE 300 11,840 SF LAS VEGAS BLVD. LAS VEGAS BLVD. The information herein was obtained from sources deemed reliable; however Logic Commercial Real LOGICEstate COMMERCIALmakes no guarantees, REAL warranties ESTATE or representation • 3900 S.as toHUALAPAI the completeness WAY, or accuracySUITE thereof200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM 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 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 LAS VEGAS - MARKETFLOOR OVERVIEW PLAN THE LAS VEGAS STRIP The Las Vegas Strip is a stretch of South Las Vegas Blvd. in Clark County, Historically, the casinos that were not in Downtown Las Vegas along Fremont Nevada, known for its concentration of resort hotels and casinos. The Strip is Street were limited to outside of the city limits on Las Vegas Blvd. In 1959 the approximately 4.2 miles (6.8 km) in length, located immediately south of the Welcome to Fabulous Las Vegas sign was constructed exactly 4.5 miles (7.2 km) Las Vegas city limits in the unincorporated towns of Paradise and Winchester. outside of the city limits. The sign is today about 0.4 miles (0.64 km) south of the However, the Strip is often referred to as being in Las Vegas. Most of the Strip southernmost entrance to Mandalay Bay (the southernmost casino). has been designated an All-American Road, and is considered a scenic route at night. Many of the largest hotel, casino, and resort properties in the world In the strictest sense, “the Strip” refers only to the stretch of Las Vegas are located on the Las Vegas Strip. Fourteen of the world's 25 largest hotels by Boulevard that is roughly between Sahara Ave. and Russell Rd., a distance of 4.2 room count are on the Strip, with a total of over 62,000 rooms. miles (6.8 km). However, the term is often used to refer not only to the road but also to the various casinos and resorts that line the road, and even to properties One of the most visible aspects of Las Vegas' cityscape is its use of dramatic that are not on the road but in proximity. Phrases such as Strip Area, Resort architecture and lights. The rapidly evolving skyline and constant modernization Corridor or Resort District are sometimes used to indicate a larger geographical of hotels, casinos, restaurants, residential high-rises, and entertainment offerings area, including properties 1 mile (1.6 km) or more away from Las Vegas Blvd., on the Strip, have established it as one of the most popular destinations for such as the Hard Rock Hotel & Casino, Rio All Suite Hotel and Casino, Palms tourists in the United States, and the world. Casino Resort and Hooters Casino Hotel. Clark County LV Strip Revenue Hotel Occupancy Employment Growth Conventions Per Year Average Room Rate Gaming Revenue $9.7B $6.3B 89.8% 3.1% 21,864 $120 Source: Las Vegas Convention and Visitors Authority The information herein was obtained from sources deemed reliable; however Logic Commercial Real LOGICEstate COMMERCIALmakes no guarantees, REAL warranties ESTATE or representation • 3900 S.as toHUALAPAI the completeness WAY, or accuracySUITE thereof200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM 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 2700 S. LAS VEGAS BLVD. LAS VEGAS, NV 89109 LAS VEGAS OVERVIEW RESORTS WORLD Resorts World Las Vegas will include 3,500 hotel rooms and a 175,000 SF casino. Resorts World Las Vegas broke ground in May 2015 on their planned mega resort which will include multiple restaurants and dining options, along with 250,000 SF of retail, more than 500,000 SF of convention space, a theater and outdoor pool amenities. Resorts World will complete construction on the north end of the Strip in 2020. THE LUCKY DRAGON Lucky Dragon Hotel and Casino is an Asian- themed boutique hotel and locals’-casino located on 2.5 AC of land at 300 W. Sahara Ave., near the Las Vegas Strip. The Lucky Dragon is adjacent to the Allure Las Vegas high-rise condominium. The Lucky Dragon was announced in February 2012, and groundbreaking began in May 2015. The LAS VEGAS CONVENTION CENTER EXPANSION resort had a soft opening in November 2016. An The Las Vegas Convention Center expansion and official grand opening was held in December 2016. renovation will be completed in a phased approach with a projected completion date of 2023. Phase 1 will be the construction of the new 1.4 million SF expansion with 600,000 SF of exhibit space and the accompanying meeting rooms and support space. This phase is projected THE SLS HOTEL & CASINO to be complete by 2021. The second phase will be the The SLS Hotel & Casino Las Vegas is a hotel complete renovation of the existing 3.2 million SF facility. and casino located on the Las Vegas Strip in The phased approach will ensure that no business will be Winchester, Nevada. It is owned by Stockbridge displaced during the construction and renovation. The Real Estate and also recently features a newly converted W. Las Vegas tower adding a luxury convention center expansion and renovation is expected to component to 289 rooms in addition to the support nearly 14,000 construction jobs and nearly 7,800 existing 1,324 modern designed rooms. The SLS full-time permanent jobs upon completion. The project will anchored the northern end of the Las Vegas Strip. generate an additional $1.4 billion into the economy during The renovated property reopened in August 2014, construction and have an annual incremental economic after a $415 million renovation as part of SBE’s impact of $810 million while attracting one million chain of SLS hotels.
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