4150 Lamb Blvd Las Vegas, NV 89115

Property Details for 4150 Lamb Blvd

Year built

2008

Property size

7,590 SF

Property type

Warehouses

Property subtype

Life science properties

Description

This exceptional investment opportunity presents a two-story, ±7,590 square foot industrial condominium building situated within the Northpointe Business Center in Las Vegas, Nevada. The property, encompassing units 105 and 110, features a ±3,000 square foot yard accessible from unit 110. Built in 2008, this property boasts 18' to 20' warehouse clear height, four 12' x 12' roll-up doors, and ample parking (2 spaces per 1,000 sq ft). The building includes a mezzanine with skylights and metal halide lighting. Unit 110 (5,099 sq ft) can be vacated within 30 days, while unit 105 (2,491 sq ft) has a one-year lease expiring December 31, 2024, with a 30-day out clause. The tenant may extend the lease. The property benefits from 120/208 V, 3-phase power (225 amp service), fire sprinklers, and natural gas availability. Zoned IP in Clark County, it offers convenient access to I-15, Las Vegas Boulevard, and Harry Reid International Airport (17 miles). Nearby amenities include restaurants and retail, and the property is less than five minutes from the I-15/Craig Road interchange. The asking price is $2,200,000, with a pro-forma cap rate of 6.00% and a pro-forma NOI of $132,066. Occupancy is anticipated by September 30, 2024. The property is ideal for owner-users seeking income offset and expansion flexibility, or investors looking for a manageable addition to their portfolio. SBA financing options are available for full building users, along with conventional financing. The property's APN is 140-05-420-013 & 014. A common picnic area is adjacent to the building.

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Longitude

-115.079

Latitude

36.236