3755 Hacienda AveLas Vegas, NV 89118

Property Details for 3755 Hacienda Ave

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.76 AC

Property size (Sq ft)

13,689 SF

Property type

Office properties

Property subtype

Office buildings

APN

162-29-301-001

APU

16229301001

Description

This exceptional 20,775-square-foot single-story industrial building, situated on a 1.76-acre lot at the intersection of Valley View and Hacienda Avenues in Las Vegas, Nevada, presents a unique investment opportunity. Currently serving as the headquarters for a premier electrical construction company, Mojave Electric, this Class B property boasts a desirable flex space layout, combining warehouse and office areas. Built in 1998 and extensively renovated in 2020, the building features 7,064 square feet of warehouse space with three dock-high doors and a secure tool/equipment room. The office area is meticulously maintained, showcasing high-end finishes and two uniquely designed conference rooms, perfect for client meetings. The flexible office layout allows for diverse uses. The property includes 21 customer parking spaces and ample additional parking for trucks and equipment, secured by a gated entrance. The property is zoned IL (Industrial Light) and is offered at $5,500,000, with a potential three-month leaseback at $30,000 per month. This property is also available for purchase in conjunction with an adjacent property for a combined price of $8,390,000. The building is less than a quarter mile from Allegiant Stadium. The sale is an owner/user investment with a month-to-month lease option and a credit-rated tenant. The APN is 162-29-301-001.

• CAP approach

  CAP return

  Valuation

  6%

  $2,973,873

  6.5%

  $2,745,114

  7%

  $2,549,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,742,591

  Geo Method

  $2,742,591

• Alternative Use

  Use

  Valuation

  Residential

  $3,403,940

  Hospitality

  $3,117,991

  Educational

  $2,594,132

  Medical

  $2,683,348

  Retail

  $4,035,317

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0931

Longitude

-115.189

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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