2425 N. Lamb Blvd., Las Vegas, NV 89115

— Recently Sold • Represented Seller —

List Price$2.4MM

Size +/- 9,551 SF

Cap Rate 8.3%

Property Information

Property Overview

The Kaplan Commercial Group is pleased to present a unique opportunity to purchase the Lamb Carey Business Center, which is a freestanding medical/professional office building, located at the corner of N. Lamb Blvd & E. Carey Ave. The Property is +/- 9,551 SF and is fully leased out to NV State High School, Relevium Pain Management, and The Neck & Back Clinics. The center offers strong lease terms, length and options remaining. This is a sound property for an investor seeking a stabilized investment purchase.

The Property is located within 2-miles of the I-15 Freeway which provides easy access to the largest highway in the Las Vegas market. In addition, the Property’s submarket is projected to see significant population growth over the next 5 years (8.6%), which will contribute to a greater client base for an owner-user’s business.

Investment Highlights

  • STAND ALONE MEDICAL/PROFESSIONAL OFFICE BUILDING: The Property has 3 separate suites that are all 100% occupied and are all current on rent, while none had missed a payment during the most recent shutdown.
  • EXCELLENT PARKING: The Property has a parking ration of 5.6:1,000, which is well above the average ratio for standard office buildings.
  • STRONG POPULATION DENSITY: Within 1-mile of the Property, the population density is +/- 18,153 and within 3-mile radius of the Property is at +/- 212,129. In addition, the projected growth over the next 5 year period is 8.6% within 1-mile and 7.9% within 3-miles.
  • CLASS A FINISHES: Finishes of the suites is that of a caliber you would be more accustomed to finding in a Class A build-out.
  • PYLON SIGNAGE: Located directly on the NW corner of Lamb & Carey, the pylon signage for Lamb Carey Business Center is prominent with both standard inserts as well as digital signage available for use.

Contact

Brokerage

Michael Kaplan

Associate
Las Vegas
License S.0189416.LLC
linkedin-square
O 702.954.4163
C 808.377.0765
More Info