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Office building 20,088 sq.ft. 6655 South Eastern Ave., Las Vegas, Clark County, NV
OFFERING PRICE: $7,100,000
Las Vegas Office Building
Office building in Las Vegas, constructed in 2006. Building is 20,088 sq.ft. 6655 South Eastern Ave., Las Vegas, Clark County, NV 89119.
Tenant is Century Steel, a small privately owned company. The Tenant is a local company with revenues and net income north of $200MM and $27MM respectively.
7% cap rate or $7,100.00. Lease is absolute NNN and has 3% annual increases. 4 years remaining on the Lease (matures March 2012). Tenant has 2, 10 year options to renew with same annual increases.
The property is located in a well-developed and established area near the Commercial Business District. There is no available land in the immediate surrounding neighborhood for new development.
The Lease matures March 30, 2012 and has annual 3% increases.
Contact Phone Number: 702-882-8657
Contact E-mail address: jjarelldlgrealty@yahoo.com
Brokerage Name: DLG Realty & Investments
Submitted by: admin
Property ID Number: 84
Property ID Name: Century Steel
Added: Tue May 13 2008
