Newmark Knight Frank and RealINSIGHT Marketplace are pleased to present the opportunity to acquire 303 S Water Street (hereafter the “Property” or “Project”). The Property consists of a 30,673 square foot mixed use building located in Henderson, NV.
The two-story mixed use building was completed in 2006 and sits on 1.19 acres of land across the street from the City Hall, the Convention Center, and the Henderson Courthouse. The Property is currently 92% occupied by four tenants, but will be 74% occupied by March 2019 when two of the tenants (TSK Architect and Clark County Credit Union) are expected to vacate for built-to-suit opportunities. The Property’s largest tenant is The College of Southern Nevada, which recently executed a five year renewal and occupies 61% of the building.
The Project is well-located in Downtown Henderson along Water Street ("Main Street"), which is the focal point of City's Downtown Master Plan and redevelopment initiatives for the Water Street District. Lake Mead Parkway provides convenient access to the 215 Beltway and US Hwy 93/95. It is also conveniently situated within walking distance of local restaurants and banks.
303 S Water Street presents investors with an attractive opportunity to acquire a high-quality, newer vintage asset with significant and stable in-place cash flow with upside through lease up of pending vacancies and appreciation due to the revitalization of Downtown Henderson.
Tuesday, May 29th - 11:00 am to 1:00 pm
Shane P. Jacob, 2000817-056-221
Upon reaching stabilization, A10 offers a seamless transition into a permanent loan with a variety of cost-saving benefits.
For more information on pricing and customized structure please contact:
Alisha Hill Koontz
Executive Vice President
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
303 Water Street, Henderson, NV 89015
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.