FOR SALE AAAASF Surgery Center Accredited 8871 West Sahara Avenue :: , NV 89117

UNIQUE OPPORTUNITY ±7,569 SF SINGLE-STORY MEDICAL BUILDING $2,900,000

Alexia Crowley, CCIM, LEED GA Chris Connell Grant Traub, SIOR Senior Associate Vice President Senior Vice President VIRTUAL +1 702 836 3778 +1 702 836 3709 +1 702 836 3789 TOUR [email protected] [email protected] [email protected] License # NV-S.49334 License # NV-S.0075502 License # NV-S.0039295 AAAASF Accredited Surgery Center UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING

Surgical Suites Include: Reception area with wheel chair accessible entrance/exit, VIP “private” exit with parking adjacent, Two (2) class C operating rooms, Two (2) recovery areas with One (1) on-suite bathroom, One (1) pre-op room with One (1) on-suite private bathroom, clean room, dirty room, laundry room, storage/supply room, gas room, and Two (2) wet exam rooms.

Medical Office Suites Include: Two (2) large reception areas with built-in reception desk/back office areas, Ten (10) wet exam rooms, Two (2) dry exam rooms, Three (3) additional private offices, Retail area, Three (3) bathrooms, One (1) private shower room, Two (2) storage rooms, laundry room, and Two (2) breakrooms/lounge areas.

© 2019 Colliers International. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers , LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. PROPERTY HIGHLIGHTS

• Seller is currently occupying the building. Seller will vacate the building at approximately the beginning of 3rd quarter 2019

• Class A finishes with 20’ vaulted ceiling in main reception

• Designed with three private entrances

• Located in the Lakes Business Park

• Free standing building

• Covered parking • Close proximity to Summerlin , , and St. Rose Dominican Hospital

• Close proximity to , Tivoli Village and Village Square

• Generator in place $2,900,000 ($383/SF) below replacement cost

AAAASF Accredited Surgery Center FOR SALE AAAASF Accredited Surgery Center

±7, 569 SF UNIQUE OPPORTUNITY to own a single-story medical building

© 2019 Colliers International. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. Emergency Emergency Exit Exit

Storage Exam Exam Doctor’s Med Lounge Recovery Gas Room Room Breakroom/Laundry Bath Bath Bath Closet Exam Laundry Operating Dirty Room Room w/ Room Clean shower Room Exam Storage Exam Exam Recovery Room

Exam Exam Exam Exam Pre-OP Operating Data Bath Room Room Bath Waiting Exam Exam Area Exam Main Waiting Surgical Retail Area Waiting Lounge Room

FOR SALE = Reception/Medical Exam Room AAAASF Accredited = Reception/Medical Exam Room = Surgery Center Surgery Center

Emergency Emergency Exit Exit

Storage Exam Exam Doctor’s Med Lounge Recovery Gas Room Room Breakroom/Laundry Bath Bath Bath Closet Exam Laundry Operating Dirty Room Room w/ Room Clean shower Room Exam Storage Exam Exam Recovery Room

Exam Exam Exam Exam Pre-OP Operating Data Bath Room Room Bath Waiting Exam Exam Area Exam Main Waiting Surgical Retail Area Waiting Lounge Room

*Not to scale. For marketing purpose only.

= Reception/Medical Exam Room UNIQUE OPPORTUNITY $2,900,000= Reception/Medical Exam Room to own a single-story medical building ($383/SF)= Surgery Center below replacement cost

© 2019 Colliers International. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. AAAASF Accredited Surgery Center

Summerlin Pkwy

TPC Las Vegas 215 Buffalo Dr Durango Dr Starbucks Angel Park Durango Dr West Cliff Dr Rainbow Blvd Rainbow Blvd Town Center Dr Alta Dr

Haulapai Way Alta Dr Badlands Golf Club

Rampart Blvd Starbucks

Starbucks

159 159 Charleston Blvd Charleston Blvd

Starbucks Oakey Blvd Village Square Canyon Gate Country Club

Bruce Woodbury Beltway

Sahara Ave Sahara Ave

AREA OVERVIEW Town Center Dr Durango Dr Durango Dr Haulapai Way Starbucks Buffalo Dr Buffalo Dr

The Lakes Business Park is situated on the South side of Sahara Avenue Fort Apache Rd (between Durango and Fort Apache) bordering the Summerlin master-planned Rainbow Blvd The Lakes community. It is an upscale business park located in close proximity to abundant retail amenities such as Village Square, Downtown Summerlin, and Boca Park. It is a very convenient location with access to I-215 via Flamingo or Sahara and 215 via Fort Apache all approximately 3 miles away. Starbucks Desert Inn Rd Desert Inn Rd

Spring Mountain Rd © 2019 Colliers International. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.

320781 AAAASF Accredited Surgery Center

LAS VEGAS Centennial Hills Hospital VA Hospital Copyright © 2018 Colliers International. The AAAASF Accredited Surgery Center is located in the West Copyright © 2018 Colliers International. Central Submarket of Las Vegas, Dignity Micro-Hosp bordering Summerlin, on the Mountain View Hospital major arterial of Sahara Avenue Copyright © 2018 Colliers International.

between Durango & Fort Apache

Rd. The property is strategically Copyright © 2018 Colliers International. located outside the medical Valley Hospital UMC Hospital radius restriction of Summerlin Dignity Micro-Hosp boundary near complimentary Subject Sunrise Hospital ER @ The Lakes medical services, including Dignity Micro-Hosp CopyrightDesert © 2018 Springs Colliers Hospital International. Dignity St. Rose Dominican

Hospital’s Sahara campus. Spring Valley Hospital

Southern Hills Hospital Henderson Hospital

Dignity – San Martin Hospital Copyright © 2018 Colliers International.

Dignity – DeLima Hospital Dignity Micro-Hosp

Copyright © 2018 Colliers International.

Dignity – Siena Hospital

HOSPITALS FREESTANDING ER MICRO-HOSPITALS

Alexia Crowley, CCIM, LEED GA Chris Connell Grant Traub, SIOR +1 702 836 3778 +1 702 836 3709 +1 702 836 3789 [email protected] [email protected] [email protected] WEST CENTRAL SUBMARKET License # NV-S.49334 License # NV-S.0075502 License # NV-S.0039295 LAS VEGAS MEDICAL MARKET HIGHLIGHTS – Q2 2019

Medical Office Slips into Reverse >> Vacancy increased to 12.2 percent midyear 2019. >> Net absorption fell into negative territory >> The average asking rental rate increased to $2.31 psf FSG Economic Indicators

AFTER SEVERAL QUARTERS OF GROWTH, SOUTHERN NEVADA’S MEDICAL OFFICE MARKET HEALTHCARE HEALTHCARE MEDICAL Employment Spending SF/Job TOOK A STEP BACK IN THE SECOND QUARTER OF 2019. -10.7 Net absorption was negative 27,516 square feet, driving vacancy up to 12.2 percent. This represented a 0.3-point 0.0% increase over one quarter ago, but vacancy was still 0.8-points lower than one year ago. The average asking rental rate was $2.31 per square foot (psf) on a full service gross (FSG) basis, $0.06 psf higher than one year ago. +2.6% Q2 2019

According to the Nevada Department of Employment, Training and Rehabilitation, Southern Nevada’s medical office job market added 2,300 jobs between April 2018 and April 2019. Over this period Southern Nevada added 1,100 jobs in the Market Indicators ambulatory healthcare sector and 900 jobs in the hospital sector. Unemployment in the Las Vegas-Paradise MSA was 3.7 Relative to prior period Q2 2018 Q3 2019* percent in April 2019, down from 4.8 percent in April 2018. From April 2018 to April 2019, total employment in Southern Nevada increased by 26,100 jobs, a 2.8 percent increase. VACANCY NET ABSORPTION The Nevada Department of Taxation reported that taxable spending on ambulatory health care services in Clark County COMPLETIONS over the past twelve months (April 2018 to March 2019, the most recent month of data available) totaled $81.8 million RENTAL RATE

dollars, an 11.6 percent decrease in spending over the previous twelve months. Taxable sales in hospitals increased by *Projected 2.4 percent year-over-year to $30.8 million. Taxable sales in nursing and residential care facilities increased by 0.7 percent year-over-year to $2 million. Summary Statistics Las Vegas Market Q2-18 Q1-19 Q2-19 No new medical office was completed in the second quarter of 2019. There was 43,777 square feet of medical office slated for completion during the remainder of 2019, and 20,000 square feet of potential medical office construction Vacancy Rate 13.0% 11.9% 12.2% scheduled for 2020. Asking Rent (PSF, FSG) $2.25 $2.30 $2.31 Net Absorption (SF) 30,440 44,125 -27,516 Vacancy in medical office space increased to 12.2 percent in the second quarter of 2019. The highest vacancy rate this New Completions (SF) 0 28,900 0 quarter was 18 percent in the Southwest submarket, followed by 15 percent in East Las Vegas. The lowest vacancy rate was 0 percent in the Airport submarket, which consisted of only 38,000 square feet of medical office space. In more developed submarkets, the lowest vacancy rate was 4.8 percent in Downtown and 6.7 percent in West Central. Overall Asking Rents Per Square Foot Q2-18 Q1-19 Q2-19 Class A $2.78 $2.71 $2.69 Alexia Crowley, CCIM, LEED GA Chris Connell Grant Traub, SIOR Class B $2.23 $2.25 $2.24 +1 702 836 3778 +1 702 836 3709 +1 702 836 3789 Class C $1.83 $1.96 $2.04 [email protected] [email protected] [email protected] License # NV-S.49334 License # NV-S.0075502 License # NV-S.0039295