SimonMed Imaging Center
7610 W Cheyenne Ave Las Vegas, NV 89129
For Sale
Contact for pricing
Single-tenant medical office building with long-term lease in Las Vegas.
Property Size7,468 SF
Price / SF$511.49
Days on Market748
Property Features for 7610 W Cheyenne Ave
General Information
- Standard status
- Active
- Size
- 7,468 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency:
Cushman & Wakefield - Las Vegas, Nevada
(702) 605-1549
Listed By:
Marlene Fujita · License #S.0054013
Source:
Crexi
Added: Jul 10, 2024
Changed: Jul 6
Last Checked: Jul 23 at 1:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
The property available for acquisition is a single-tenant SimonMed Imaging center, situated at 7610 W. Cheyenne Ave. This property is one of nine buildings within Cheyenne Corporate Center, a mixed-use campus that includes office, medical office, and retail tenants. SimonMed Imaging, Inc., the tenant, is an outpatient imaging provider based in Scottsdale, AZ, with approximately 170 locations nationwide. Established over 20 years ago, SimonMed offers a range of medical imaging services, including MRI, CT, X-ray, ultrasound, and mammography. The services provided are classified as essential and are generally resilient to financial downturns. SimonMed's tenancy began on March 1, 2017, as a subtenant and transitioned to a direct lease on January 1, 2021. They exercised an early extension, amending the renewal term to seven years, reflecting a commitment to Cheyenne Corporate Center and the location's success. The property offers a long-term, stable investment opportunity with passive income and minimal landlord responsibilities. The property size is 7468 square feet.
Key Highlights
- Long‑term, stable investment with passive income and minimal landlord responsibilities.
- SimonMed Imaging, a national outpatient imaging provider with approximately 170 locations, is the tenant.
- Tenant commitment demonstrated by early lease extension to a seven‑year renewal term.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.2k | $24.00 |
| − Vacancy | −$26.0k | −$3.48 |
| EGI | $153.2k | $20.52 |
| − OpEx | −$38.3k | −$5.13 |
| NOI | $114.9k | $15.39 |
7,468 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $114,933 @ 7.0% cap · market cap 3.01%
Second Best
Healthcare Medical
$1.41M
$1.24M – $1.65M
NOI $98,936 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,636 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SimonMed Imaging - Northwest
Medical Clinic
CMI - Centennial Medical ...
Medical Clinic
Cheyenne Medical Imaging
Physician
Lewis Keith M ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Single-tenant medical office building with long-term lease in Las Vegas.
Where is this medical office space located?
The property is located at 7610 W Cheyenne Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,819,833.
What are key features of this property?
This property features: Long‑term, stable investment with passive income and minimal landlord responsibilities.; SimonMed Imaging, a national outpatient imaging provider with approximately 170 locations, is the tenant.; Tenant commitment demonstrated by early lease extension to a seven‑year renewal term.
