851 S Rampart Blvd.

851 S Rampart Blvd., Las Vegas, NV 89145

— For Sale —

Offering Price 22MM

NOI $1,544,137

CAP Rate 7%

Total Square Footage +/- 51,339 SF

Property Information

The Investment Services Group of LOGIC Commercial Real Estate is pleased to present for sale, 851 Rampart Blvd., an attractive and well positioned two-story multi-tenant medical office building located in an affluent Las Vegas, NV neighborhood adjacent to the Summerlin master-planned community. This stunning building was built in 1997 and has gone through a recent, expansive remodel by the current ownership that includes interior upgrades to common areas, approximately 88% of new lease space tenant improvements, and a parking lot expansion to cater to medical tenants and their patients by providing them easy access and ample parking.

This prime real estate consists of +/- 51,339 rentable square feet on a +/- 4.65-acre parcel and fronts South Rampart Boulevard just north of West Charleston Boulevard. Charleston is a major east-west arterial road in Las Vegas boasting +/- 36,500 CPD with convenient access to the CC 215 Beltway and the US-95 Freeway. The subject property is currently 100% occupied with a 6 years, 9 months medical WALT and features a diverse mix of medical tenants encompassing users specializing in Family Medicine, Vascular Medicine, Pain Management, Periodontics, Dentistry, OBGYN, etc. There are also a few traditional office users including a law firm, a business brokerage, a property management firm, and an event consulting firm. This solid tenant base provides an unmatched investment opportunity by ensuring a steady stream of rental income while mitigating the risks associated with vacancy.

Contact

Brokerage

Cathy Jones,
CPA, SIOR, CCIM

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

Paul Miachika

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

Karim Chatoor, CCIM

Senior Associate
Las Vegas
License BS.0146002
C 248.525.1423
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Brokerage

Blaze Katz

Associate
Las Vegas
License S.0195070
C 702.690.0407
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