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±6,872 SF OFFICE BUILDING | FOR SALE OR LEASE 3700 PECOS MCLEOD INTERCONNECT, LAS VEGAS, NEVADA 89121

±6,872 SF OFFICE BUILDING | FOR SALE OR LEASE · 2020. 7. 20. · 3700 Pecos McLeod Interconnect OM | 5 EXTERIOR PROPERTY PHOTOS. 3700 Pecos McLeod Interconnect OM | 6 INTERIOR PROPERTY

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  • ±6,872 SF OFFICE BUILDING | FOR SALE OR LEASE3700 PECOS MCLEOD INTERCONNECT, LAS VEGAS, NEVADA 89121

  • 3700 Pecos McLeod Interconnect OM | 2

    CONFIDENTIALITY & DISCLOSURE

    SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

    The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

    Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

    Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

    Lisa Hauger Senior Vice President [email protected] NV Lic # BS.0037600.LLC

  • Property SummaryProperty PhotosAssessor Parcel MapSurrounding Aerial Map

    Market Overview

    Las Vegas Overview

    Section 2

    Section 3

    Area Demographics

    Nevada Business AdvantagesLas Vegas Development

    Property Overview Section 1

    TABLE OF CONTENTS

    The information contained herein was obtained from sources believed reliable,

    however, Sun Commercial Real Estate, Inc. any of its agents or employees

    make no guaranty, warranty or representation as to the completeness and/or

    accuracy thereof, inclusive of any current and future projected returns. Anyone

    utilizing this analysis does so at their own risk and agrees to hold Sun Commercial

    Real Estate, Inc., its agents and employees harmless. The presentation of this

    property is subject to error, omissions change of price or conditions prior to sale,

    or withdrawal without notice.

    6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148

    702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax • www.SunCommercialRE.com

    LISA HAUGERSenior Vice [email protected] Lic # BS.0037600.LLC

  • 3700 Pecos McLeod Interconnect OM | 4

    THE OFFERING:

    Sun Commercial Real Estate is proud to present for sale or lease a ±6,872 SF Office building located at 3700 Pecos McLeod Interconnect. The building consists of a ±360 SF enclosed, secured and sprinklered courtyard entrance, ±4,912 SF ready for occupancy and an adjacent ±1,600 SF suite with a short term lease in place. The ±4,912 SF suite consists of ±11 furnished offices, a conference room, meeting room, kitchen, open bull pen, two multi-stall restrooms and lots of storage. The property sits at a signalized intersection on the NEC of Pecos McLeod Interconnect and E. Twain Avenue between Flamingo Road and Desert Inn Road, and strategically located minutes from the I-515/Flamingo Road interchange, and 10 minutes from McCarran International Airport and the Las Vegas Strip.

    PROPERTY SUMMARY

    SUMMARY:

    Asking Price:

    Intro Lease Rate:

    Building Area:

    Total Land:

    Year Built:

    Parcel Number:

    $989,000 ($144/PSF)

    $0.69/SF (MG)

    ±6,872 SF

    ±0.51 Acres

    1984

    162-13-703-001

    HIGHLIGHTS:

    • For Sale or Lease ±6,872 SF

    • ±1,600 SF currently leased to a short term tenant

    • Historically low SBA financing rates

    • Great signage

  • 3700 Pecos McLeod Interconnect OM | 5

    EXTERIOR PROPERTY PHOTOS

  • 3700 Pecos McLeod Interconnect OM | 6

    INTERIOR PROPERTY PHOTOS

  • 3700 Pecos McLeod Interconnect OM | 7

    ASSESSOR PARCEL MAP

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    PM 45-45

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    AMD

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    PM 104-17

    PM 31-34

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    VAC 1494:1453702VAC 20070626:03704

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    NO

    TES

    This map is for assessment use only and does NOT represent a survey.

    No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.

    This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.

    MA

    P LE

    GE

    ND

    USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

    ASSESSOR'S PARCELS - CLARK COUNTY, NV.

    Scale: 1" = 200' 7/1/2019

    T21S R61E 13 N 2 SE 4 162-13-7

    31

    30

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    PARCEL BOUNDARYSUB BOUNDARY

    ROAD EASEMENTPM/LD BOUNDARY

    HISTORIC LOT LINEMATCH / LEADER LINE

    ROAD PARCEL NUMBERPARCEL NUMERACREAGE

    PARCEL SUB/SEQ NUMBER

    PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

    10010011.00

    202PB 24-45

    55

    GL5

    HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

    15

    8 4

    Rev:

    TAX DIST

    0 200 400 600 800100 SECTION LINE

    CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

    161162

    139 140

    177 178

    163

    138

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    160

    141

    179

    Briana Johnson - Assessor

    q>

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    NO

    TES

    This map is for assessment use only and does NOT represent a survey.

    No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.

    This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.

    MA

    P LE

    GE

    ND

    USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

    ASSESSOR'S PARCELS - CLARK COUNTY, NV.

    Scale: 1" = 200' 7/1/2019

    T21S R61E 13 N 2 SE 4 162-13-7

    31

    30

    19

    1

    1314

    121110987

    6 5 4 3 2

    3635343332

    29 28 27 26

    24

    25

    23222120

    18 17 16 15

    BO

    OK

    SEC

    .

    MA

    P

    2

    3

    4

    5

    6

    7

    8

    1

    2

    3

    4

    51

    8

    7

    5

    6

    4 8

    470

    PARCEL BOUNDARYSUB BOUNDARY

    ROAD EASEMENTPM/LD BOUNDARY

    HISTORIC LOT LINEMATCH / LEADER LINE

    ROAD PARCEL NUMBERPARCEL NUMERACREAGE

    PARCEL SUB/SEQ NUMBER

    PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

    10010011.00

    202PB 24-45

    55

    GL5

    HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

    15

    8 4

    Rev:

    TAX DIST

    0 200 400 600 800100 SECTION LINE

    CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

    161162

    139 140

    177 178

    163

    138

    176

    160

    141

    179

    Briana Johnson - Assessor

    q

  • 3700 Pecos McLeod Interconnect OM | 8

    SURROUNDING AERIAL MAP

    E DESERT INN ROAD

    E FLAMINGO ROAD

    E TWAIN AVENUE

    S M

    OJA

    VE

    RO

    ADPECOS - M

    CLEOD INTERCONNECT

    SUBJECT PROPERTY

    SITE

    BOULDER HIGHWAY

  • 3700 Pecos McLeod Interconnect OM | 9

    AREA DEMOGRAPHICS /3 MILE RADIUS

    Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.

    KEY FACTS

    215,598Population

    38.4Median Age

    2.56Average Household Size

    $54,082Average Household Income

    EDUCATION

    20%

    No High School

    Diploma 35%High School

    Graduate

    28%Some College 17%

    Bachelor's/Grad/Prof Degree

    BUSINESS

    8,512Total Businesses

    103,572Total Employees

    EMPLOYMENT

    43%White Collar

    21%Blue Collar

    36%Services

    7.2%

    Unemployment Rate

    INCOME

    $38,853

    Median Household Income

    $21,011

    Per Capita Income

    $20,974

    Median Net Worth

    Households By IncomeThe largest group: $50,000 - $74,999 (17.5%)

    The smallest group: $200,000+ (1.8%)

    Indicator Value Difference

  • 3700 Pecos McLeod Interconnect OM | 10

    AREA DEMOGRAPHICS /5 MILE RADIUS

    Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.

    KEY FACTS

    482,247Population

    36.0Median Age

    2.71Average Household Size

    $58,019Average Household Income

    EDUCATION

    22%

    No High School

    Diploma 34%High School

    Graduate

    28%Some College 17%

    Bachelor's/Grad/Prof Degree

    BUSINESS

    23,456Total Businesses

    398,745Total Employees

    EMPLOYMENT

    44%White Collar

    21%Blue Collar

    34%Services

    6.6%

    Unemployment Rate

    INCOME

    $41,664

    Median Household Income

    $21,132

    Per Capita Income

    $22,517

    Median Net Worth

    Households By IncomeThe largest group: $50,000 - $74,999 (18.4%)

    The smallest group: $200,000+ (2.3%)

    Indicator Value Difference

  • 3700 Pecos McLeod Interconnect OM | 11

    LOW COST OF DOING BUSINESS:The combination of our zero inventory tax, a rich transportation infrastructure, and the geographic location of the state’s two largest urban centers are prime reasons that top brands like Amazon, Wal-Mart, Levi Strauss & Co., Barnes & Noble, Ur-ban Outfitters, and others choose Nevada to stage their warehousing and distribution strategies.

    Collectively, the cities of Las Vegas, Reno, Sparks, Carson City and surrounding towns are less than one day’s drive over arterial interstate highways to near-ly 60 million consumers as well as to the major U.S. deep water seaports serving the Pacific Rim. Major Union Pacific and Southern Pacific rail connections in Las Vegas and Reno also, too, play an essential role in carrying the world’s freight from the Pacific Coast to America’s Heartland and beyond.

    Nevada offers a very competitive cost of doing business and is attracting more and more compa-nies each day from higher-cost regions.

    NEVADA HAS:• An abundance of economical commercial

    real estate

    • Competitive utility rates for commercial operations

    • Low-cost startup, regulatory, licensing and annual fees

    • Proximity to West Coast/California markets and businesses, reducing shipping and storage costs

    • Excellent air cargo costs for shipping by air out of Nevada

    • Nevada business incentives

    1. Tax abatements for job creation, capital investment and intellectual property development

    2. Workforce development training grants

    3. Catalyst Fund to support new business or expansion in state

    EXCELLENT TAX ADVANTAGES:

    NO Personal Income Tax

    NO Corporate Income Tax

    NO Unitary Tax

    NO Franchise Tax

    NO Inventory Tax

    NO Estate Tax

    NO Inheritance Tax

    NEVADA BUSINESS ADVANTAGES

    NEVADA BUSINESS ADVANTAGES

  • 3700 Pecos McLeod Interconnect OM | 12

    MORE ON LOW COSTS OF DISTRIBUTION TO WEST COAST MARKETS:The combination of our zero inventory tax, a rich trans-portation infrastructure, and the geographic location of the state’s urban centers are prime reasons that top brands like Amazon, Wal-Mart, Levi Strauss & Co., Barnes & Noble, Urban Outfitters, and others choose Nevada to stage their warehousing and distribution strategies.

    Las Vegas is less than one day’s drive over arterial In-terstate highways to nearly 60 million consumers as well as to the major U.S. deep water seaports serving the Pacific Rim. Major Union Pacific and Southern Pacific rail connections in Las Vegas play an essential role in carrying the world’s freight from the Pacific Coast to America’s Heartland and beyond.

    Globally, McCarran International Airport in Las Vegas has been a Top 20 airport for more than five years, an-nually serving more than 40 million and handling more than 189 million pounds of cargo. More important, the airport is served by nonstop flights to and from nearly all major metropolitan areas in the United States as well

    as several important global centers in Europe, Asia and Latin America.

    MORE ON NEVADA’S TAX ADVANTAGES:Nevada ranks a very favorable third in the Tax Founda-tion’s 2012 Business Tax Climate Index, an independent ranking of states in five areas of taxation: corporate taxes; individual income taxes, sales taxes, unemploy-ment insurance taxes, and taxes on property, including residential and commercial property.

    The Tax Climate Index comparison to neighboring states is significant: California ranks 48th, Arizona 27th, Idaho 21st, Oregon 13th and Utah 10th.

    In addition to the Tax Climate Index, Nevada ranks sec-ond in the nation for lowest state and local tax burden – an estimated 7.5% of income.

    The state’s historically strong logistics and distribution business sector is as much a statement of tax policy – no Inventory Tax – as it is of the excellence of its air, rail and highway arterial infrastructure and proximity to major markets and ports.

    NV State Population

    3.03M2018

    Employment

    1.48MJUL 2019

    Spending

    $5.44BMAY 2019

    NEVADA BUSINESS ADVANTAGES (CON’T)

  • 3700 Pecos McLeod Interconnect OM | 13

    RESORTS WORLD$4.2B

    CONVENTION CENTER EXP.$1.4B UNION VILLAGE$1.2B SWITCH$1.0B

    PROJECT NEON$1.0B

    MSG SPHERE$1.7B

    LAS VEGAS STADIUM$1.9B

    THE DREW$3.1B

    $24+ Billionin New Capital Investment

    is Driving Growth

    EXTREME SPORTS PARK$800MTHE MAJESTIC$850MHENDERSON WEST$950M

    JACKIE ROBINSON ARENA$2.7B

    *From Applied Analysis

    LAS VEGAS OVERVIEW