Conquistador Office Building

9950 W. Cheyenne Ave., Las Vegas, NV 89129

— For Sale —

List Price$6.5MM

Size +/- 33,098 SF

PSF $196

Property Information

Property Overview

The Berg Advisory Group is pleased to present an opportunity to purchase Conquistador Plaza (the ‘Property’), a +/- 33,098 SF vacant office building located on the edge of the highly desirable Summerlin master planned community in Las Vegas, NV. The Property was formerly occupied by a law firm who spent a significant amount of money on their buildout. With a purchase price at $6,500,000, or $196 PSF, a buyer will have the opportunity to own a building priced below replacement cost. 

SBA financing is available with as little as a 10% down payment and will give a buyer a chance to secure a loan with historically low interest rates. Also, with SBA financing, this will give the buyer an opportunity to finance the majority of their Tenant Improvement work as well.

The Property is located in a highly desirable location on the edge of Summerlin with immediate access to the CC 215 Beltway and nearby Summerlin Parkway. Summerlin is one of the most desirable master planned communities in the nation and is home to some of the valley’s largest companies, such as Station Casinos, City National Bank (regional headquarters) and Howard Hughes Properties. It is also a home to the Las Vegas Golden Knights NHL team (practice facility) and the Aviators, a minor league baseball team which recently opened their new ballpark. Summerlin is projected to grow by 7.0% in the next 5 years. 

The Property is currently occupied by a law firm, who will vacate at close of escrow. As an additional option, the current law firm would be willing to lease 49% of the building (+/- 16,299 SF) and sign a 10-year lease.

Investment Highlights

  • EDGE OF SUMMERLIN LOCATION: Conquistador Plaza is located on the edge of Summerlin, a premier master planned community in the Las Vegas Valley, and one of the largest master planned communities in the nation.
  • PRIME LOCATION: The purchase of Conquistador Plaza will give an owner user the opportunity to own an office building on the Summerlin border at $196 PSF, below replacement cost. Office buildings in Summerlin have been selling for over $300 PSF. 
  • FORMER LAW FIRM BUILDING: The Property was previously occupied by a law firm, who upgraded the property with high end finishes throughout the building. 
  • ATTRACTIVE BUILDING DESIGN: The Property consists of a beautiful open air lobby with high-end marble floors and finishes.
  • SBA FINANCING AVAILABLE: The future owner will be able to obtain SBA Financing on the property, with an opportunity to put 10% down and obtain rates at historically low levels.

Contact

Brokerage

Mica Berg

Senior Vice President
Las Vegas
License S.0076067.LLC
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O 702.954.4143
C 702.755.5559
More Info
Brokerage

Jeff Berg

Senior Vice President
Las Vegas
License S.0076009.LLC
linkedin-square
O 702.954.4144
C 702.755.5486
More Info