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HENDERSON, NEVADA 89052
OFFERINGMEMORANDUM
Free Standing Single Story Multi-Tenant Offi ce Building
3041 West Horizon Ridge Pkwy
DISCLAIMER All materials and information received or derived from Priority One, its directors, offi cers, agents, advisors, affi liates and/or any third party sources are provided without representation or warranty as to completeness, veracity or accuracy, condition of the property, compliance or lack of complaince with applicable governmental requirements, developability or suitability, fi nancial performance of the property, projected fi nancial performance of the property for any party’s intended use or any and all other matters.
Neither Priority One, its directors, offi cers, agents, advisors or affi liates makes any representation or warranty, express or implied, as to ac-curacy or completeness of the materials or information provided, derived or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of signifi cance to such party. Priority One will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All fi nancial data should be verifi ed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Priority One makes no warranties and/or representations.
NOTICE OF DATE COLLECTION - We obtained the information herein from sources we believe to be reliable, however, we have not veri-fi ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or fi nancing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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CONTENTS3
EXECUTIVE SUMMARY
LOCATION
PHOTOGRAPHS
TENANT SUMMARY
DEMOGRAPHICS
LEASE COMPARABLES
SUBMARKET OVERVIEW
DESCRIPTIONEX
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Priority One Commercial is pleased to present for acquisition a multi-tenant single story office building located inHenderson Nevada. Located at 3041 West Horizon Ridge Parkway, Henderson NV 89052, the building is comprised of 24,122 +/- square feet.
The property is situated in the highly desirable area of the Henderson sub-market adjacent to the Seven Hills Master Planned Community. It is situated in proximity to St. Rose Dominican Hospital, I-215, Henderson’s Medical District and Las Vegas Raiders’ Headquarters.
PROPERTY HIGHLIGHTS Free standing single story well maintained office and medical building. Building signage visible from Horizon Ridge Parkway. 5:1 parking ratio that includes covered parking located around the building. Convenient access to the I-215 beltway and St. Rose Dominican Hospital. Located just a short distance to restaurants and shopping. The property is 73% leased. Significate upside in both lease-up of current vacancy and enhanced rents as current leases expire.
THE PROPERTYEX
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PROPERTY NAME 3041 West Horizon Ridge Pkwy.
ADDRESS 3041 West Horizon Ridge Pkwy.Henderson, NV 89052
DESCRIPTION Multi-tenant, single story offi ce building
PURCHASE PRICE $5,441,924
PRICE/SF $225
YEAR ONE NOI $394,427
YEAR ONE CAP RATE 7.25%
TOTAL SIZE +/- 24,122 SF
PARKING 5:1
OCCUPANCY 73%
ACREAGE +/- 2.07 acres
APN 17735510024
ZONING Offi ce, Commercial (CO)
YEAR BUILT 2006
MAPLO
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AERIALLO
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PHOTOGRAPHSPH
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PHOTOGRAPHSPH
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TENANTSTE
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CLAYTON MORTGAGE & INVESTMENT
Clayton Mortgage & Investment is a private money investment and lending company. In business since 1997, The company provides short term bridge loans for acquisition, construction, development, commercial, land and residential property. Clayton Mort-gage has had a local presence in the industry for over 27 years.
HAYAT JAWADI DO, LLCT
Dr. Jawadi, owner of Premier Ob/Gyn and Med Spa offers a full range of obstetrics and gynecological services including birth control, hormone replacement therapy, ultrasounds, vaginal revitalization, and antenatal monitoring. She also offers aesthetic services, including skin tightening and body sculpting. Dr. Jawadi offers personalized service for each patient, giving them the information they need to feel comfortable making the right decision for their bodies.
MATHEW PFAU,ESQ.
People are injured every day in Nevada, and not all injuries fit into an easily defined category. H&P Law is an injury law fi rm in Las Vegas and Henderson designed to assist clients no matter where they are in located in the Vegas valley. No matter what the mechanism of injury, H&P Law can help determine losses that have resulted from the carelessness or intentional acts of others.
TENANTS CON’T.TE
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HEARING CENTERS OF NEVADA
Hearing Centers of Nevada is commited to patient care. This promise is built around an agreement of honor, integrity and trust. Their mission is to provide the best hearing care experience possible by helping improve patients’ quality of life. Hearing Centers of NV treat each patient uniquely by offering personalized hearing care that includes diagnostic evaluations, education and rehabilitation tools to ensure the right hearing solutions are provided.
Phc OF NEVADA/HARMONY HEALTHCARE
Phc of Nevada, LLC, dba as Harmony Healthcare is comprised of highly trained staff of psychiatrists, licensed psychologists, and professional counselors. The highly trained staff provides the mental health and substance abuse treatment you may need in a caring, safe and comfortable environment. Harmony Healthcare provides coun-seling and treatment for children and adults suffering with mental health and sub-stance abuse issues in Nevada in an outpatient setting.
TOTAL INFUSION CARE
Total Infusion Care (TIC), servicing Nevada since 2013, is a home infusion specialty pharmacy accredited by the Accreditation Commission for Health Care (ACHC). TIC is dedicated to providing industry-leading care in the comfort of your home. Patient safety is TIC’s top priority and TIC adheres to all industry standards to provide safe and effective medications to all patients.
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DEMOGRAPHICS
1 Mile 3 Miles 5 Miles
2020 Population 24,868 143,990 297,315
2024 Population 28,925 157,560 326,022
2020-2025 AnnualPop. Growth Rate 3.07% 1.82% 1.86%
Households 10,026 54,167 118,016
2025 Households5 Year Projection 11,710 61,327 128,992
Avg. HH Income $86,753 $99,045 $101,917
Med. HH Income $68,074 $75,785 $76,919
2020 MedianHousing Value $344,232 $343,931 $356,669
2020 AverageHousing Value $410,855 $392,816 $423,557
2020 Employees 11,951 49,850 86,649
2020 Businesses 945 4,637 8,034
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LEASE COMPARABLESM
ARK
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# PHOTO ADDRESS TYPE OFLEASE
ASKING RENT
BUILDINGSPACE (SF)
AVAILABLESPACE (SF)
ADJUSTEDTO NNN
YEAR BUILT
1
Seven Hills Medical and Business Park
880 Seven Hills DriveHenderson, NV 89052
Net
$1.35 - $1.50(Load Factor not includedin base rent)
49,945 7,083 $1.35 - $1.45 2004
2
CoronadoProfessional Park
710 Coronado DriveHenderson, NV 89052
Net
$1.49(Load Factor not includedin base rent)
29,350 2,113 $1.49 2007
3Sublease
870 Seven Hills DriveHenderson, NV 89052
Net
$1.45(Load Factor not includedin base rent)
21,529 2,998 $1.45 2003
4Marlin III
11201 S. Eastern AveHenderson, NV 89052
Net
$1.85 - $1.95(Load Factor not includedin base rent)
13,668 1,725 $1.85-$1.95 2004
5
Eastern St. RoseOffi ce Park
880 Seven Hills DriveHenderson, NV 89052
Net $1.60 - $1.80 12,080 4,990 $1.60-$1.80 2005
6
Seven HillsPlaza
3195 St. Rose PkwyHenderson, NV 89052
Net
$1.75(Load Factor not includedin base rent)
23,208 5,270 $1.75 2012
7 2200 Paseo Verde Pkwy Henderson, NV 89052
Modifi edGross
$2.60(Load Factor not includedin base rent)
59,818 10,353 $2.20 2004
LEASE COMPARABLESM
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# PHOTO ADDRESS TYPE OFLEASE
ASKING RENT
BUILDINGSPACE (SF)
AVAILABLESPACE (SF)
ADJUSTEDTO NNN
YEAR BUILT
8
Tuscano Medical Park
10521 Jeffrey’s StreetLas Vegas, NV 89148
Net
$1.50-$2.00(Load Factor not
included in base rent)(Most suites are in
grey shell condition
23,680 17,289 $1.50-$2.00 2006
9
Coronado Pt.St. Rose
2821 Horizon Ridge PkwyHenderson, NV 89052
Net
$1.25-$1.50(Load Factor not includedin base rent)
28,006 4,132 $1.25-$1.50 2004
10Horizon Ridge Pkwy.
2900 W. Horizon Ridge Pkwy.Henderson, NV 89052
Net
$1.65-$1.75(Load Factor not includedin base rent)
14,000 6,331 $1.65-$1.75 2004
11Sienna Pavilion
2850 W. Horizon Ridge Pkwy.Henderson, NV 89052
Net
$1.25 - $2.00(Load Factor not includedin base rent)
53,188 14,734 $1.25 - $2.00 2002
12 2879 St. Rose PkwyHenderson, NV 89052 Net $1.65 - $1.85 24,000
12,000Contiguous
Medical Space$1.65 - $1.85 2004
13
St RoseCoronado
St. Rose Pkwy NW CornerHenderson, NV 89052
Net
$2.55-$2.75(Load Factor not includedin base rent)
86,564 10,400 $2.55-$2.65 2010
14 2900 Horizon Ridge Pkwy Henderson, NV 89052 Net
$1.39(Load Factor not includedin base rent)
27,611 3,698 $1.80 2008
HENDERSONHenderson is located in Clark County, Nevada. Situated about 16 miles southeast of downtown Las Vegas, it is the second largest city in Nevada. Part of the Las Vegas metropolitan area, which encompasses the entire Las Vegas valley, Henderson is located in the southeastern part of the valley.
Henderson occupies the southern rim of the Las Vegas Valley stretching east of Boulder Highway to just east of Interstate 15. Features include level desert and access to many rivers and lakes, including the Colorado River, Lake Mead, and the Sloan Canyon National Conservation area.
As the largest full-service city in the state, Henderson is nationally recognized for its many accredited departments - Building & Fire Safety, Fire, Police, Parks and Recreation and Public Works. The city has also been recognized for its award winning Development Services Center. In addition, the city maintains one of the lowest tax rates, becoming the fi rst to achieve the higher bond rating of any Nevada municipality.
The city slogan is “a place to call home”, and on average the majority of locals stay in their neighborhood for at least fi ve years. The neighborhoods are quiet, streets are well-lit and yards are well-kept, making Henderson, Nevada a wonderful place to call home.
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4015 South El Capitan Way, Ste. 888, | Las Vegas, NV, 89147 | 702.228.7464 | [email protected] ONE COMMERCIAL
Brandon McCoolVice President
[email protected] ce: 702.228.7464Cell: 702.303.0493
#S.0047311.PC
Cynthia A. InmanCorporate Broker | Certifi ed Property Manager
[email protected] ce: 702.228.7464Cell: 702.228.7464
#22421
