Charleston Buffalo Plaza

1151-1181 S Buffalo Dr. Las Vegas, NV 89117

— For Sale —

List Price$7,519,000

Size +/- 31,144

Cap Rate 6.5%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale Charleston Buffalo Plaza (the ‘Property’), a +/- 31,144 SF multi-tenant retail building built in 1999. Situated just off the SWC of S. Charleston Blvd. and S. Buffalo Dr, the property boasts combined traffic counts of +/- 65,000 CPD. The asset is well located offering proximity to the affluent Summerlin master-planned community. Nearby retailers and points of interest include, Boca Park, Tivoli Village, Downtown Summerlin, and Red Rock Casino. The corridor offers a dense customer base consisting of +/- 487,690 residents within a 5-mile radius and an average household income of +/- $97,600 within a 1-mile radius.

The property is 76% occupied offering an investor a significant add-value opportunity and consists of (3) three separate multi-tenant buildings situated on 2.14-acres (1151, 1171, & 1181 S. Buffalo Dr.):

  • 1151 S. Buffalo Dr. is the smallest of the buildings at +/-4,200 SF, and consists of a two story building with retail on the 1st floor and office on the 2nd floor.
  • 1171 S. Buffalo Dr. is a 100% leased three (3) tenant building consisting of +/- 4,630 SF.
  • 1181 S. Buffalo Dr. is the largest of the buildings at +/- 17,654 SF.

Contact

Shareholder

Sean Margulis

Partner
Las Vegas
License S.0070247
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O 702.954.4102
C 702.340.4251
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Brokerage

Landon Tenwolde

Senior Associate
Las Vegas
License S.0184822
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O 702.954.4141
C 248.495.7586
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