×

Classic Auction - Office

South Rainbow Business Park

5940 & 5920 South Rainbow Boulevard, Las Vegas, NV 89118

  • Asset Type
  • Real Estate
  • Property Type
  • Office
  • Land Area
  • 3.88 Acres
  • Year Built
  • 2005
  • Number of Floors
  • 1
  • Number of Buildings
  • 2
  • Parking Count
  • 212
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Aug 31, 2019
  • Office Type
  • Suburban Office
  • Property Size
  • 43,928 Sq Ft

100% Leased Southwest Las Vegas Office

TOUR DATES AVAILABLE NOVEMBER 12TH AND 13TH
FROM 11:00 TO 1:00 PM BY RSVP ONLY


Investment Highlights:

  • Secure Income Stream–100% leased to a diverse rent roll of 7 tenants with an average remaining lease term of 4.57 years
  • Quickly Growing Southwest Submarket–The Property is located in the extremely attractive southwest submarket where the majority of new construction is occurring
  • Staggered Lease Expirations–Smooth cash flow stream with no more than 15% of total square footage expiring each year until 2024
  • Below Replacement Cost–The Property is expected to trade well-below replacement cost

 

South Rainbow Business Center is a 43,928 SF, two-building, multi-tenant, office project located in the quickly growing southwest submarket of Las Vegas. The Property was completed in 2005 on 3.88 acres of land and is currently 100% leased to seven tenants. The current owners have invested significant capital over the last few years on the parking lot, roof, building façade, and landscaping to deliver a clean and updated property that will provide secure, diversified cash flow to a new owner.

We are pleased to offer Seller Approved Financing Options
 

Benefits include:

  • Significant experience across the entire capital stack
  • Unparalleled capital markets knowledge
  • Development of creative financing strategies
  • Long established relationships with insurance companies, investment banks, foreign and domestic banks, agencies and pension funds
  • Provide clients with the most competitive terms and most reliable executions
  • Call the Debt Placement Broker as soon as possible to learn about other benefits - Mark Schuessler - (310) 201-2075 - mark.schuessler@ngkf.com
     

How do you receive these benefits?

  1. Contact the Debt Placement Broker (now)
  2. Complete Finance Pre-Screening (before auction)
  3. Complete Debt Placement Agreement (before auction)
  4. Complete Bid Registration Process (before auction)
  5. Win Auction
  6. Fulfill lender checklist
  7. Close Loan

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.

Sold Subject To

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or
email info@rimarketplace.com.

Auctioneer

  • Shane P. Jacob

    c/o Fisher Auction Company Inc.

    License: NV20141327564 P63-000561; Clark County: 2000817-056-221