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Galleria at Sunset 702-968-7333 702-968-7334 375 N

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Galleria at Sunset 702-968-7333 702-968-7334 375 N PROPERTY HIGHLIGHTS CommercialSun Real Estate, Inc. Lisa Hauger Tim Erickson Senior Vice President Senior Associate GALLERIA AT SUNSET 702-968-7333 702-968-7334 375 N. Stephanie Street, Building #11, Henderson, NV, 89014 [email protected] [email protected] CONTACT TEAM Lisa Hauger Timothy Erickson Senior Vice President Senior Associate 702-968-7333 702-968-7334 [email protected] [email protected] Exclusively listed by: Sun Commercial Real Estate, Inc. 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax www.SunCommercialRE.com Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 2 of 15 CONFIDENTIALITY & DISCLOSURE SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Lisa Hauger Timothy Erickson Cathy Jones, CPA, SIOR, CCIM Senior Vice President Senior Associate CEO [email protected] [email protected] [email protected] Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 3 of 15 TABLE OF CONTENTS Property Overview Section 1 Investment Summary Property Summary Property Photos Floor Plans Assessor Parcel Map Surrounding Aerial Map Las Vegas Valley Location Map Market Overview Section 2 Las Vegas Office & SE Las Vegas/Henderson Submarket Review Area Demographics Page 4 of 15 INVESTMENT SUMMARY THE OFFERING Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase a two-tenant office comprising of ±8,540 SF. One tenant currently occupies 3,164 SF and the remaining space is 2nd generation. The property is ideal for an owner/user looking to offset the costs of ownership or an investor looking to get into a growing office market. The building is part of the Galleria Corporate Center located at the Southwest Corner of Warm Springs Road and Stephanie Street near the heavily trafficked Stephanie Street Retail corridor. INVESTMENT HIGHLIGHTS • Ideal for owner/user or value add investor • 100% built out • Below replacement cost • ±3,164 SF existing lease provides income to offset ownership costs • Near a wide variety of retail and restaurant amenities • Very well maintained • Close to both I-515 and I-215 freeways SUMMARY Asking Price: $1,400,000.00 Occupancy: 37% Total Building Area: ± 8,540 SF Price Per SF: $164 Total Land: ± 0.75 acres Year Built: 2001 Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 5 of 15 PROPERTY SUMMARY Property Location: The Galleria Corporate Center is ideally located at the corner of Warm Springs Road and Stephanie Street. It is near numerous restaurants and retail shops as well as the Sunset Station Casino and the Galleria Mall. Freeway access is minutes away to both the I-515 and I-215 freeways. Property Description: This property consists of a single story, two tenant office building totaling ±8,540 SF. The vacant unit consists of a lobby/reception area, 10 exam rooms, 7 private offices, restrooms, a kitchen/break room, file room and a large open area. Assessor Parcel Number: 178-09-520-020 Zoning: Community Commercial (CC) Site Size - Acres: ± 0.75 Acres Building Size - SF: ± 39,313 SF Construction Year: 2001 Traffic Counts: On N. Stephanie Street, N. of W. Warm Springs Road: ± 34,000 CPD On W. Warm Springs Road, W. of N. Stephanie Street: ± 27,000 CPD Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 6 of 15 PROPERTY PHOTOS Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 7 of 15 FLOOR PLAN Offering Memorandum | 375 N. Stephanie Street, Building #11 Page 8 of 15 ASSESSOR PARCEL MAP This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. SEC. This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. MAP BOOK T22S R62E 9 N 2 NE 4 178-09-5 SEC. MAP Michele W. Shafe - Assessor BOOK T22S R62E 9 N 2 NE 4 178-09-5 Michele W. Shafe - Assessor 8 4 8 4 No liability is assumed for the accuracy of the data deliniated herein. 141 8 4 8 4 No liability is assumed for the accuracy of the data deliniated herein. ROAD PARCEL NUMBER 141 6 5 4 3 2 1 PARCEL BOUNDARY CONDOMINIUM UNIT 001 139 140 6 5 4 3 2 1 Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 139 140 5 1 Information on roads and other non-assessed parcels may be obtained SUB BOUNDARY 7 8 9 10 11 12 1 5 AIR SPACE PCL 001 PARCEL NUMER 162161 160 121110987 5 1 5 1 fromfrom thethe Road Road Document Document Listing Listing in in the the Assessor's Assessor's Office. Office. SUB BOUNDARY AIR SPACE PCL 001 PARCEL NUMER 162161 160 PM/LDPM/LD BOUNDARY BOUNDARY ACREAGE 18 17 16 15 14 13 RIGHT OF WAY PCL1.00 ACREAGE1.00 18 17 16 15 1314 6 2 ROAD EASEMENT RIGHT OF WAY PCL 6 2 6 2 2 6 ROAD EASEMENT 19 20 21 22 23 24 ThisThis mapmap is is compiled compiled from from official official records, records, including including surveys surveys and and deeds, deeds, SUB-SURFACE PCL PARCELPARCEL SUB/SEQ SUB/SEQ NUMBER NUMBER 19 23222120 24 MATCHMATCH / LEADER / LEADER LINE LINE SUB-SURFACE PCL 202 202 177 178177 179178 179 30 29 28 2730 2629 2528 27 26 25 7 7 3 3 7 3 butbut onlyonly contains contains the the information information required required for for assess assessment.ment. See See the the HISTORIC LOT LINE PB 24-45 PLAT RECORDING NUMBER 3 7 NOTES HISTORIC LOT LINE PB 24-45 PLAT RECORDING NUMBER NOTES recordedrecorded documents documents for for more more detailed detailed legal legal information. information. HISTORIC SUB BOUNDARY 31 31 32 3635343332 33 34 35 36 HISTORIC SUB BOUNDARY BLOCK5 BLOCKNUMBER NUMBER 190191 189190191 189 8 4 8 8 4 4 8 4 USEUSE THIS THIS SCALE(FEET) SCALE(FEET) WHEN WHEN MAP MAP REDUCED REDUCED FROM FROM 11X17 11X17 ORIGINAL ORIGINAL HISTORICHISTORIC PM/LD PM/LD BOUNDARY BOUNDARY 5 MAP LEGEND 5 LOT NUMBER MAP LEGEND 5 LOT NUMBER SECTIONSECTION LINE LINE 5 5 51 1 1 5 1 00 100100 200200 400400 600600 800 800 GL5 GOV.GL5 LOTGOV. NUMBER LOT NUMBER Scale: Scale:1" = 200' 1" = 200'Rev: 4/27/2016Rev: 4/27/2016 012012 015015 006006 008 008 010 010 009009 50 50 > WARMWARM SPRINGS SPRINGS RD RD > > 50 50 003 50 003 50 001001 134 010 174.51 122.62 122.62 210.70 210.70 007 62.39 134 010 009 008009 008 011 011 174.51R=25 R=25 401.96 401.96 007 62.39 R=25 R=25 53.87 145 R=25 012 51.12 013 53.87 145 R=25 48.78 012 013 51.12 48.78 93.47 30 93.47 30 70 003 01670 DESERT LINN 016150.14 77.79 003 DESERT LINN 150.14 77.79 015 142.67 0.66 015 99.73 0.73 106.41 0.66 510 100.71 142.67 99.73 0.73 106.41 510 100.71 0.98 003 006 008 009 0.98 126.46 31.50 003 006 008 279.48 009 VERDE VIEJO-UNIT 1 126.46 31.50 279.48 279.48 VERDE VIEJO-UNIT 1 279.51 0.86 0.96 0.92 1.24 031 129.73 PB 46-08 279.51 279.48 279.51 129.73 275.48 0.86 0.96 0.92 1.24 254.05 031 115.27 34.77 PB 46-08 279.51 42.62 87.11 275.48 See Condo List Page 31.50 See Condo List Page 254.05 1.02 115.27 42.62 87.11 34.77 1.02 31.50 "A" 55.20 8.02 202.19
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