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EXCLUSIVE INVESTMENT OFFERING Sahara Design Center 8945 W EXCLUSIVE INVESTMENT OFFERING Sahara Design Center 8945 W. Russel Road Suite 110 Las Vegas, NV 89148 17,474 SF | Las Vegas, NV (702) 383.3383 | naivegas.com CONTACT Steve Nosrat Matt Jenkins Art Carll-Tangora Sahara Design Center T +1 702 534 1718 T +1 702 534 1717 T +1 702 534 1701 7035 W Sahara Ave [email protected] [email protected] [email protected] Las Vegas, NV 89117 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 2 PROPERTY DETAILS THE OFFERING ADDRESS YEAR BUILT # OF LAND SIZE NET AVG NOI PHYSICAL 7035 W Sahara Ave 2001 SUITES ±1.34 AC RENTABLE SF SUITE SIZE $269,233 OCCUPANCY Las Vegas, NV 6 17,474 2,912 SF 100% Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 3 BUILDING & SITE DESCRIPTION ITEM DESCRIPTION Property Address 7035 W Sahara Ave Parcel Numbers 163-10-503-002 Year Completed 2001 # of Buildings 1 # of Suites 6 Net Rentable Square Footage 17,474 Total Land Area 1.34 AC # of Floors 1 Exterior Materials Reinforced Concrete Sprinklers Wet Ceiling Height 18' HVAC Tenant Controlled Roof Type Built Up Foundation Reinforced Concrete Signage 1 - Pylon on W Sahara Ave FOR MORE INFORMATION http://helloarti.com/view/30504 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 4 PROPERTY HIGHLIGHTS • Owner Will Carry - Short Term • Prime Automotive Sector - West Las Vegas • High Population Density: 472,300 people within a 5-Mile Radius • Located at High Trafficked Signalized Intersection: Rainbow Blvd & Sahara Ave with over 100,000 ADT (ESRI) • Average Household Income of $72,850 within 1-Mile. DEMOGRAPHICS POPULATION 1-MILE 3-MILE 5-MILE INCOME 1-MILE 3-MILE 5-MILE 2018 Population 13,705 197,533 477,022 2018 Median HH Income $44,651 $48,097 $50,589 2023 Projected Population 14,322 209,500 510,105 2018 Average HH Income $72,850 $64,023 $70,056 HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2018 Per Capita HH Income $29,013 $24,327 $27,563 2018 Households 5,066 73,500 184,358 2023 Projected Households 5,262 77,571 196,306 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 5 SITE PLAN SUITE TENANT SF 100 Harleys/Choppers 3,360 200 Advanced Mufflers 2,228 300 RBO Motor Sports 2,583 400A - 410 Certified 5,500 W Sahara Ave 500 - 500A Auto Repair/Iphone 3,803 SUITE 500 SUITE 200 SUITE 100 SUITE 300 SUITE 500A SUITE 400A-410 *Note: Site plan is not drawn to scale Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 6 FLOOR PLANS CLICK SUITE NUMBER FOR VIRTUAL TOUR SUITE 100 SUITE 200 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 7 FLOOR PLANS CLICK SUITE NUMBER FOR VIRTUAL TOUR SUITE 300 SUITE 400A-410 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 8 FLOOR PLANS CLICK SUITE NUMBER FOR VIRTUAL TOUR SUITE 500A SUITE 500 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 9 PARKING ITEM DESCRIPTION Open Spaces 53 Handicap 4 Total Spaces 57 Overall Ratio Per Suite 9.5 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 10 LOCATION HIGHLIGHTS SITE Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 11 RENT ROLL SUITE START DATE END DATE SF IN PLACE RENT OPTIONS $5,105.31 Two 2 Year Options 100 7/15/2014 7/14/2020 3,360 Inclusive of CAM 3% Annual Increases $3,432.25 One 6 Year Option 200 2/1/2014 1/31/2020 2,228 Inclusive of CAM 3% Annual Increases $4,788.88 One 5 Year Option 300 6/13/2016 6/30/2021 2,583 Inclusive of CAM 3% Annual Increases $4,812.50 No Option 400 1/1/2015 7/14/2019 2,750 Inclusive of CAM 3% Annual Increases $3,200.00 410 Month-to-Month Month-to-Month 2,750 No Option Inclusive of CAM $5,599.07 Two 5 Year Options 500 12/1/2013 11/31/2022 3,803 Inclusive of CAM 3% Annual Increases Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 12 FINANCIALS INCOME NOI $269,233 CAM BREAKDOWN Accounting $1,986 Secretary of State Fees $350 Insurance $4,497 Grounds Keeping $3,220 Postage $86 Repairs/Maintenance $3,100 Fire Monitoring $880 Property Tax $11,946 Trash $12,996 Utilities $8,961 Management $6,000 TOTAL $54,023 CAM PSF $0.26 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 13 LOCAL DEMOGRAPHICS With an increasing population of over two million residents, Las Vegas features a combined dynamic of steady household incomes and high education levels. Las Vegas is expanding rapidly, and population is expected to grow 2% by 2020. Along with the population, home sales and pricing, as well as employment and income, are continuing to rise. A benefit for businesses moving to the area is Las Vegas’s educated and fast growing workforce. About 54% of the city’s employed population is white collar and the overall unemployment rate for Las Vegas MSA is 6.4%. Submarket Las Vegas MSA Nevada Median Household Income $50,853 $55,011 $55,443 Average Household Income $70,625 $73,784 $74,671 Average Home Value $519,043 $293,320 $304,982 Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 14 las vegas PROJECTS GOOGLE DATA CENTER MARRIOTT, THE DREW • Henderson is slated to be home to a new Google data center • 4000+ Mega Hotel Resort in December 2020. • Marriott, the American multinational hospitality company, is now • The Governor’s Office of Economic Development approved opening a new resort and casino in Las Vegas, set for 2020. $25.2 million in tax abatements Thursday for Design LLC, a • Known as The Drew Las Vegas, the unfinished resort by the former wholly-owned subsidiary of Google. The company plans to name Fontainebleau, started with constructions in 2007, will now be build the data center on 64 acres of land on Warm Springs turned into a complex combined like hotel and casino and may Road west of Boulder Highway. The subsidiary plans to build have a walkway to the adjacent luxury Turnberry Place high rises. and own the facility, while Google would handle operations • The mega hotel will house 4,000 guest rooms, as well as 500,000 and hiring. sq feet of a space for events, convention center, and meetings. • Google projects that it would bring in more than $94.3 million Currently, Marriott manages about 20 hotels in the Las Vegas area in tax revenue to Nevada over the next 20 years, and hire 50 under their brands, however, as Tony Capuano– the global chief employees within the next five years at an average salary of development officer for Marriott said: “The Drew Las Vegas will $65,000. The company expects to invest at least $600 million become a landmark property for Marriott International.” over the next 20 years. RAIDERS STADIUM RENDERING NFL RAIDERS STADIUM • $1.8 Billion • Las Vegas will proudly welcome the Raiders in the National Football League (NFL) Stadium which is under construction now and expected to open in 2020. The future 65,000 seat home of the Oakland Raiders is under steady progress and is expected to be the host of some huge major events which will make Las Vegas the sought after entertainment destination. There is no doubt that the relocation of the Oakland Raiders to Las Vegas and the opening of the new Las Vegas Stadium will be an enormous success for Las Vegas. Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 15 UNION VILLAGE • In what’s dubbed the first integrated health care village in the world and largest health care project in the nation at $1.2 billion, Union Village in Henderson is starting to take shape. • Union Village is a 130-acre integrated health village located in Henderson, NV (Las Vegas, MSA). Union Village includes Henderson Hospital, multi-family and generational housing, medical office, gym, restaurants and retail. • Approximately 355,000 square feet have been completed and $300 million in work is done. There are 476,000 square feet under construction worth $64 million and another $277 million that will be under construction by the end of the year. UNION VILLAGE RENDERING MADISON SQUARE GARDEN RENDERING MADISON SQUARE GARDEN LAS VEGAS • $75 Million • The concert experiences happening in Las Vegas will be soon taken to another level with the development of a futuristic Madison Square Garden music arena expected to open its doors in 2020. Developed in partnership with Las Vegas Sands, the new arena is planned to have 18,000 seats and is expected to become a massive, high-tech, sphere-shaped venue will describe a new form of entertainment and will definitely bring unforgettably, revolutionized experiences for both performers and the audience. Offered By: Steve Nosrat | Matt Jenkins | Art Carll-Tongora NAI Vegas | naivegas.com 16 LAS VEGAS CONVENTION CENTER EXPANSION • The Las Vegas Convention and Visitors Authority is underway on a 1.8 million SF expansion of the LVCC. • It will include a World Trade Center building and multi-modal transportation center. • The 1.4 billion project will be completed in 3 phases in 8 years. • It will provide 14,000 construction jobs and 7,800 permanent jobs upon completion.
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