1120 Shadow Ln., Las Vegas

1120 Shadow Ln., Las Vegas, NV 89102

— For Sale —

Offering Price $3,764,000

CAP Rate 6.00%

NOI $225,600

Price Per Square Foot $376 PSF

Property Information

1120 Shadow Lane is a ± 10,000 square foot medical office building situated on ± 0.90 acres within the Las Vegas Medical District. Built in 2000, the Property sits just across Charleston Blvd. from the University Medical Center of Southern Nevada, a 541-bed hospital and the region’s leading teaching and trauma facility. The building is 100% occupied by CrossRoads of Southern Nevada, a well-established drug and alcohol rehabilitation care provider, who will execute an early 10 year lease extension in conjunction with the sale of the building. This location serves as CrossRoads’ outpatient services center, while their main inpatient operations are located at 2121 W. Charleston Blvd. This location employs about 75 employees between licensed therapists, techs, clerical, claims, and more. A daily patient flow of 200-300 participate in group and/or individual therapy.

The Property benefits from its prime location within the medical district, offering strong synergy with nearby hospitals, clinics, and specialty care providers. Its proximity to UMC provides excellent accessibility and a consistent flow of medical-related traffic, making it ideally suited for healthcare and outpatient uses. With stable tenancy and a location at the core of Las Vegas’ healthcare hub, 1120 Shadow Lane represents a highly desirable medical office investment opportunity.

Contact

Brokerage

Cathy Jones,
CPA, SIOR, CCIM

Executive Vice President
Las Vegas
License BS.0056010
C 702.595.8765
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Brokerage

Allyson Weber

Associate
Las Vegas
License S.0199573
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O 702.954.4183
C 702.278.8865
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Brokerage

Paul Miachika

Executive Vice President
Las Vegas
License S.0184612
O 602.814.0661
C 602.670.6576
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Brokerage

Blaze Katz, CCIM

Senior Associate
Las Vegas
License S.0195070
C 702.690.0407
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Investment Services Group

Kimberly Boyle

Associate
Las Vegas
License S.0204210
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O 702.954.4174
C 702.807.0186
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