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375 N. Stephanie Street, Building 5, Henderson, Nevada 89014
GALLERIA CORPORATE CENTEROFFERING MEMORANDUM
PRICE REDUCTION
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.
CONFIDENTIALITY & DISCLOSURE
375 N. Stephanie Street, Building 5, Henderson, NV 89014
Paul ChaffeeSenior Vice [email protected]
Wil ChaffeeSenior Vice [email protected]
John [email protected]
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
TABLE OF CONTENTS
Offering HighlightsLas Vegas Valley Location MapAssessor Parcel MapSurrounding Aerial Map
Market Overview Section 2
Las Vegas Office & SE Las Vegas/Henderson Submarket ReviewArea Demographics
Property Overview Section 1
OFFERING HIGHLIGHTS
THE OFFERING
The Office Team of Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase an ±8,000 SF single story building on an ±0.87 acre site. This opportunity is well-suited for an owner/user looking to create a professional image in a highly visible building in a well-maintained, professionally managed business park located along a heavily traveled commercial corridor. Situated within the Galleria Corporate Center, the popular business park consists of twenty-five (25) buildings totaling over 145,000 SF on ±14 acres. The intersection offers visibility to over 56,000 cars per day, 34,000 of which travel directly in front of the building. It is easily accessible via the U.S. 93/I-515, the 215 Beltway, and is conveniently located along the RTC bus route with a stop directly in front of the business park.
OFFERING HIGHLIGHTS
• Ideal Owner/User building• Exceptional visibility with direct frontage on N. Stephanie Street• Located in a well-maintained, professionally managed business park• Easily accessible via U.S. 95/I-515 Interstate, and the 215 Beltway• Located at one of only two entrances to the business park from
N. Stephanie Street
• Incredible growth within the submarket area
PROPERTY LOCATION
The subject property is located on the Southwest corner of the highly traveled intersection of N. Stephanie Street and W. Warm Springs Road with direct frontage on N. Stephanie Street. The project is surrounded by a diverse, fast growing mix of professional office and national as well as regionally recognized retail businesses along with a dense residential population offering a favorable demographic that provides for the potential of a multitude of uses to thrive in the center.
PROPERTY DESCRIPTION
The subject property consists of a ±8,000 SF building on a ±0.87 acre site. Existing improvements offer standard retail buildout which is currently operating as The Billiard Factory.
Please do not disturb the current occupant.
OFFERING HIGHLIGHTS
SUMMARY Building Asking Price:
Total Building Size:
Zoning:
Site Size:
$2,000,000 $1,950,000
±0.87 Acres ±8,000 SF
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
CC (Community Commercial)
Paul ChaffeeSenior Vice [email protected]
Wil ChaffeeSenior Vice [email protected]
John [email protected]
CONTACT TEAM
375 N. Stephanie Street, Building 5, Henderson, NV 89014
LAS VEGAS VALLEY LOCATION MAP
375 N. Stephanie Street, Building 5, Henderson, NV 89014
ASSESSOR PARCEL MAP
>>
502
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REEBOK TERRACE
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JOH
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ELLEN TRACY WAY
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97-011
96-003
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ANN
ABE
LLE
LN
STEP
HA
NIE
ST
WARM SPRINGS RD
KELSO DUNES AVEPI
TTM
AN F
LOO
D C
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PB 63-23
PB 68-54 PB 82-50
DRAINAGE
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139100
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C.A.
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PT B
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24
73.15
51.53
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254.
05
6060706070606060
100 110
6510
0100
118.33
91.07
105.65
79.7642.27 61 60 65
506055.71
46.8
124.59
91.2
51
50
110
85
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97.4
8
102.
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100
100
92.6
37.25
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68.88114.49
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8
111.
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4 2.57
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7060
60 6060
7060
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8583.41
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38.7
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9
100100 110
401.96
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2
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51
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48
279.
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420.66
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1815
1.72
697.
8745
2.83
122.62
70
93.4
7
126.
46
115.27
142.67
145
205.27
239.
54
101.19
86.38
58.0
58.
796
.33
204.25202.29
184.
40
54.3
313
0.10
85.0
4
70
82
70
202.05
124.
62
202.06
202.198.02
116.
63
210.70
53.8
7
106.
41 150.
14
55.20
31.5
0129.7331.50
34.7
7
237.42
4131
45.78
126.
18
89.23
104.
0440
.25
154.31
274.
72
41
88.5
0
74.48
61.83
94.1
2
50
30
3030
R=25 R=25134R=25
135.599
32.2
5 24.5
41
56.9
1
89.5
78.6
3
31.5
28.58
31.5
90
4113
5.54 78
.63
142.5
30.9
4
26.65
28.29
35.5
30.79
9156.23
92.5
615
9.36
178.69 36.14
38.4
236.72
128.
3917
3.16
102
237.57
131.
83
142.36
133.
68
87.11
138.36164.24
164.
50
55.24 71.3677.50
213.
50
99.5
0
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85
127.
63
158.35
42.62
145.
36
165.
29
105
62.39
77.7
927
5.48
144.87
144.87
9090
113.63
157.74
87.9
592
.05
42.16
155.84
44.16
9090
227.97
510
"A"PB 46-08
511PB 49-97"B"
"C" PB 54-71
512
513
PB 54-52
"D"
PRIV
ATE
PRIV
ATE
PRIVATE
PRIVATE
PRIVATE
"E"
514
PB 53-21
PB 63-96
515
"F"
PB 67-08
517
PRIV
ATE
DR
PRIVATE DR
G127G128
G130G131
G133G134G135
G125G126
G129
G132
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G137
G138
G139
G140
G142
G143
G144
G141
31.5
521PB 90-23
PB 90-23
"I"521PB 90-23
521PB 90-23
"H"519
521
R=15618.11
PB 72-17
SUN
WA
RD
DR
DALLAS TERRACE
MA
NTI
PL
DA
LLA
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G16
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G16
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G192G191G190
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G211
G209G210
G212
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23
WARM SPRINGS - PHASE 1
DESERT LINN
PM 90-92
VERDE VIEJO-UNIT 2
VERDE VIEJO-UNIT 4
VERDE VIEJO-UNIT 3 AMD
DESERT LINN CONDOMINIUMS UNIT 4
CONDOMINIUMSUNIT 3
DESERT LINN
DESERT LINNCONDOMINIUMS
UNIT 1
DESERT LINN CONDOMINIUMS UNIT 2 AMD
GALLERIA CORPORATE CENTER
006
014
VERDE VIEJO-UNIT 1
003.01
WARM SPRINGS - PHASE 1
C.A.A
004
PT2518
009010 008012 013011
015
005
004
002001
010009
008
003001007
0037
0330.5
0390.3
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0160.66 015
0.98
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0311.02
0091.24
0080.92
0060.96
0030.86
0340.55
0130.58
0300.59
0070.49
0410.32
0270.83 042
0.330090.86
0360.76
0280.66
0050.87
0200.75
0250.59
0190.36
0230.41
0220.43
0047.17
0180.39
0110.13
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
010 009 008 007 006 005 004 003 002 001
011
012 014 015024 025 032
013023 026 031
019
020018 017 016 022 030027
021 029028001
97-001
96-001
97-002
97-010
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 L
EG
EN
D
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 4/27/2016
T22S R62E 9 N 2 NE 4 178-09-5
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
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51
8
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4 8
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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 NUMBER
BLOCK 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 PCL
SUB-SURFACE PCL
161
178177
162 160
179
190191 189
139 140 141Michele W. Shafe - Assessor
>>
502
516
520
REEBOK TERRACE
EVA
N P
ICO
NE
DR
JOH
N H
EN
RY
DR
ELLEN TRACY WAY
006012
97-011
96-003
CH
RIS
TY L
N
ANN
ABE
LLE
LN
STEP
HA
NIE
ST
WARM SPRINGS RD
KELSO DUNES AVEPI
TTM
AN F
LOO
D C
HA
NN
EL
PB 63-23
PB 68-54 PB 82-50
DRAINAGE
12345678910
11
1213 14 15
1617181920
140
139100
99
98
97 96
95
94
93
C.A.
21
PT B
142
141
PT2 PT2
31D E
PT2
1
PT 2
50
50
238.
24
73.15
51.53
50
3030
50
30
254.
05
6060706070606060
100 110
6510
0100
118.33
91.07
105.65
79.7642.27 61 60 65
506055.71
46.8
124.59
91.2
51
50
110
85
125
97.4
8
102.
89
100
100
92.6
37.25
38.9
7
68.88114.49
131.
38
70.1
8
111.
63
4 2.57
33.56 50 85 85
6050
7060
60 6060
7060
50
95
8583.41
7070
70
65
38.7
8
100
58.8
9
100100 110
401.96
48.7
8
100.
71
99.7
3
51.1
2
100
39.41
84.3
6
54.1
4
64.75
279.
51
174.51
279.
51
279.
48
279.
48
420.66
574.
1815
1.72
697.
8745
2.83
122.62
70
93.4
7
126.
46
115.27
142.67
145
205.27
239.
54
101.19
86.38
58.0
58.
796
.33
204.25202.29
184.
40
54.3
313
0.10
85.0
4
70
82
70
202.05
124.
62
202.06
202.198.02
116.
63
210.70
53.8
7
106.
41 150.
14
55.20
31.5
0129.7331.50
34.7
7
237.42
4131
45.78
126.
18
89.23
104.
0440
.25
154.31
274.
72
41
88.5
0
74.48
61.83
94.1
2
50
30
3030
R=25 R=25134R=25
135.599
32.2
5 24.5
41
56.9
1
89.5
78.6
3
31.5
28.58
31.5
90
4113
5.54 78
.63
142.5
30.9
4
26.65
28.29
35.5
30.79
9156.23
92.5
615
9.36
178.69 36.14
38.4
236.72
128.
3917
3.16
102
237.57
131.
83
142.36
133.
68
87.11
138.36164.24
164.
50
55.24 71.3677.50
213.
50
99.5
0
191.
85
127.
63
158.35
42.62
145.
36
165.
29
105
62.39
77.7
927
5.48
144.87
144.87
9090
113.63
157.74
87.9
592
.05
42.16
155.84
44.16
9090
227.97
510
"A"PB 46-08
511PB 49-97"B"
"C" PB 54-71
512
513
PB 54-52
"D"
PRIV
ATE
PRIV
ATE
PRIVATE
PRIVATE
PRIVATE
"E"
514
PB 53-21
PB 63-96
515
"F"
PB 67-08
517
PRIV
ATE
DR
PRIVATE DR
G127G128
G130G131
G133G134G135
G125G126
G129
G132
G136
G137
G138
G139
G140
G142
G143
G144
G141
31.5
521PB 90-23
PB 90-23
"I"521PB 90-23
521PB 90-23
"H"519
521
R=15618.11
PB 72-17
SUN
WA
RD
DR
DALLAS TERRACE
MA
NTI
PL
DA
LLA
S T
ER
RA
CE
G16
5
G16
7
G16
8
G16
6
G16
5G
166
G16
7G
168
G19
7G
198
G19
9G
200
G177
G178
G179G180
G189
G192G191G190
G188
G186
G187
G185
G211
G209G210
G212
"G"
4
1
1
23
WARM SPRINGS - PHASE 1
DESERT LINN
PM 90-92
VERDE VIEJO-UNIT 2
VERDE VIEJO-UNIT 4
VERDE VIEJO-UNIT 3 AMD
DESERT LINN CONDOMINIUMS UNIT 4
CONDOMINIUMSUNIT 3
DESERT LINN
DESERT LINNCONDOMINIUMS
UNIT 1
DESERT LINN CONDOMINIUMS UNIT 2 AMD
GALLERIA CORPORATE CENTER
006
014
VERDE VIEJO-UNIT 1
003.01
WARM SPRINGS - PHASE 1
C.A.A
004
PT2518
009010 008012 013011
015
005
004
002001
010009
008
003001007
0037
0330.5
0390.3
0400.3
0370.8
0160.66 015
0.98
0030.73
0311.02
0091.24
0080.92
0060.96
0030.86
0340.55
0130.58
0300.59
0070.49
0410.32
0270.83 042
0.330090.86
0360.76
0280.66
0050.87
0200.75
0250.59
0190.36
0230.41
0220.43
0047.17
0180.39
0110.13
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
See Condo List Page
010 009 008 007 006 005 004 003 002 001
011
012 014 015024 025 032
013023 026 031
019
020018 017 016 022 030027
021 029028001
97-001
96-001
97-002
97-010
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 L
EG
EN
D
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 4/27/2016
T22S R62E 9 N 2 NE 4 178-09-5
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
505
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBER
BLOCK 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 PCL
SUB-SURFACE PCL
161
178177
162 160
179
190191 189
139 140 141Michele W. Shafe - Assessor
375 N. Stephanie Street, Building 5, Henderson, NV 89014
375 N. Stephanie Street, Building 5, Henderson, NV 89014
SURROUNDING AERIAL MAP
N Stephanie St
W Warm Springs Rd
Galleria at Sunset
Galleria Commons
Stephanie Street Shopping Center
W Sunset Rd
Subject Property
3.9 Miles
375 N. Stephanie Street, Building 5, Henderson, NV 89014
LAS VEGAS OFFICE & SE LAS VEGAS/HENDERSON SUBMARKET REVIEW
10 CoStar Office Statistics ©2018 CoStar Group, Inc.
Las Vegas � Year-End 2018
Las Vegas Office MarketYear-End 2018 – Las Vegas
Las Vegas Office Market
©2018 CoStar Group, Inc. CoStar Office Statistics 11
Class C Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 469 2,748,112 239,548 239,548 8.7% 60,188 0 0 $10.56
Central North Las Vegas 90 642,156 34,980 34,980 5.4% 3,712 0 0 $15.43
Downtown Las Vegas 251 923,663 76,510 82,510 8.9% 25,639 0 0 $17.70
North Las Vegas 57 433,101 15,244 15,244 3.5% 464 0 0 $12.90
Northwest Las Vegas 175 918,484 33,712 33,712 3.7% (17,231) 0 0 $16.91
Outlying NE Clark County 19 79,135 5,891 5,891 7.4% 962 0 0 $14.86
Outlying S Clark County 20 107,979 1,590 1,590 1.5% (1,590) 0 0 $0.00
SE Las Vegas/Henderson 71 466,932 31,956 31,956 6.8% 18,059 0 0 $12.00
South Las Vegas 211 1,136,551 101,299 101,299 8.9% (25,540) 0 0 $15.95
Southwest Las Vegas 54 415,399 17,429 17,429 4.2% 6,235 0 0 $13.69
West Las Vegas 148 850,636 53,820 55,820 6.6% 24,058 0 0 $12.78
Totals 1,565 8,722,148 611,979 619,979 7.1% 94,956 0 0 $13.39
Source: CoStar Property®
Total Office Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 657 9,347,626 1,587,823 1,617,332 17.3% (15,256) 0 61,146 $20.62
Central North Las Vegas 144 2,529,074 108,452 108,452 4.3% 33,513 0 0 $17.64
Downtown Las Vegas 327 5,393,609 421,337 441,855 8.2% 49,757 15,658 16,232 $27.77
North Las Vegas 208 2,496,016 210,396 213,339 8.5% 67,971 0 0 $14.54
Northwest Las Vegas 557 10,415,415 1,295,033 1,349,900 13.0% (58,033) 0 4,500 $19.87
Outlying NE Clark County 51 343,812 62,900 62,900 18.3% 5,162 0 0 $10.43
Outlying S Clark County 24 152,266 1,590 1,590 1.0% (1,590) 0 0 $0.00
SE Las Vegas/Henderson 158 1,996,228 315,518 316,152 15.8% 112,280 44,000 0 $14.19
South Las Vegas 774 12,893,048 1,436,281 1,487,472 11.5% 13,909 94,452 4,983 $18.85
Southwest Las Vegas 591 11,926,025 1,159,103 1,238,438 10.4% 258,432 265,314 379,500 $21.85
West Las Vegas 558 8,031,736 899,029 1,083,668 13.5% 222,626 182,979 0 $17.92
Totals 4,049 65,524,855 7,497,462 7,921,098 12.1% 688,771 602,403 466,361 $20.09
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
24 CoStar Office Statistics ©2018 CoStar Group, Inc.
Las Vegas – Year-End 2018
Las Vegas Office MarketMarket Highlights – Class “A, B & C”
©2018 CoStar Group, Inc. CoStar Office Statistics 25
Year-End 2018 – Las Vegas
Las Vegas Office MarketMarket Highlights – Class “A, B & C”
S E L a s V e g a s / H e n d e r s o n M a r k e t
Deliveries, Absorption & Vacancy Historical Analysis, All Classes
Source: CoStar Property®
Vacant Space Quoted Rental RatesHistorical Analysis, All Classes Historical Analysis, All Classes
Source: CoStar Property® Source: CoStar Property®
Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates
2018 4q 158 1,996,228 316,152 15.8% 20,775 0 0 0 0 $14.19
2018 3q 158 1,996,228 336,927 16.9% 20,041 1 44,000 0 0 $17.00
2018 2q 157 1,952,228 312,968 16.0% 30,967 0 0 1 44,000 $16.80
2018 1q 157 1,952,228 343,935 17.6% 40,497 0 0 1 44,000 $18.18
2017 4q 157 1,952,228 384,432 19.7% 12,905 0 0 1 44,000 $15.43
2017 3q 157 1,952,228 397,337 20.4% 13,688 0 0 0 0 $18.30
2017 2q 157 1,952,228 411,025 21.1% 6,059 2 89,300 0 0 $18.41
2017 1q 155 1,862,928 327,784 17.6% (10,610) 1 6,500 2 89,300 $19.44
2016 4q 154 1,856,428 310,674 16.7% 34,889 0 0 2 85,300 $15.44
2016 3q 154 1,856,428 345,563 18.6% 1,283 0 0 2 85,300 $18.71
2016 2q 154 1,856,428 346,846 18.7% (1,196) 0 0 2 85,300 $18.16
2016 1q 154 1,856,428 345,650 18.6% 16,878 0 0 1 6,500 $19.14
2015 4q 154 1,856,428 362,528 19.5% 17,726 0 0 1 6,500 $14.14
2015 3q 154 1,856,428 380,254 20.5% 36,370 0 0 0 0 $18.28
2015 2q 154 1,856,428 416,624 22.4% 10,505 0 0 0 0 $18.07
2015 1q 154 1,856,428 427,129 23.0% 9,438 0 0 0 0 $19.33
Source: CoStar Property®
UC InventoryDelivered InventoryExisting Inventory Vacancy
(0.020)
0.000
0.020
0.040
0.060
0.080
0.100
2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q 2017 3q 2017 4q 2018 1q 2018 2q 2018 3q 2018 4q
Millions
SF
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Perce
nt V
aca
nt
Delivered SF Absorption SF Vacancy
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
2017 1q 2017 3q 2018 1q 2018 3q
Dollars
/SF/Y
ear
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
2017 1q 2017 3q 2018 1q 2018 3q
Millions
SF
Direct SF Sublet SF
375 N. Stephanie Street, Building 5, Henderson, NV 89014
AREA DEMOGRAPHICS (1 MILE RADIUS)Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 1 mile radius Longitude: -115.04646
Summary Census 2010 2018 2023Population 15,468 18,113 20,021Households 6,079 7,044 7,746Families 3,813 4,351 4,759Average Household Size 2.54 2.56 2.58Owner Occupied Housing Units 3,343 3,633 4,160Renter Occupied Housing Units 2,736 3,411 3,586Median Age 36.7 38.6 39.3
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.02% 1.59% 0.83%Households 1.92% 1.48% 0.79%Families 1.81% 1.44% 0.71%Owner HHs 2.75% 2.06% 1.16%Median Household Income 2.61% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
<$15,000 611 8.7% 526 6.8%$15,000 - $24,999 529 7.5% 482 6.2%$25,000 - $34,999 565 8.0% 537 6.9%$35,000 - $49,999 1,101 15.6% 1,073 13.9%$50,000 - $74,999 1,610 22.9% 1,686 21.8%$75,000 - $99,999 998 14.2% 1,223 15.8%$100,000 - $149,999 980 13.9% 1,387 17.9%$150,000 - $199,999 380 5.4% 468 6.0%$200,000+ 269 3.8% 365 4.7%
Median Household Income $58,494 $66,529Average Household Income $75,704 $87,772Per Capita Income $30,315 $34,835
Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent
0 - 4 843 5.4% 953 5.3% 1,064 5.3%5 - 9 895 5.8% 942 5.2% 1,053 5.3%10 - 14 1,041 6.7% 965 5.3% 1,053 5.3%15 - 19 1,094 7.1% 1,003 5.5% 1,008 5.0%20 - 24 1,093 7.1% 1,225 6.8% 1,186 5.9%25 - 34 2,404 15.5% 3,002 16.6% 3,330 16.6%35 - 44 2,228 14.4% 2,472 13.6% 2,942 14.7%45 - 54 2,348 15.2% 2,448 13.5% 2,435 12.2%55 - 64 1,774 11.5% 2,382 13.2% 2,553 12.8%65 - 74 1,023 6.6% 1,663 9.2% 1,999 10.0%75 - 84 569 3.7% 785 4.3% 1,064 5.3%
85+ 156 1.0% 274 1.5% 333 1.7%Census 2010 2018 2023
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 11,408 73.8% 12,368 68.3% 12,824 64.1%Black Alone 912 5.9% 1,335 7.4% 1,663 8.3%American Indian Alone 102 0.7% 116 0.6% 126 0.6%Asian Alone 1,247 8.1% 1,750 9.7% 2,225 11.1%Pacific Islander Alone 95 0.6% 122 0.7% 145 0.7%Some Other Race Alone 860 5.6% 1,222 6.7% 1,552 7.8%Two or More Races 844 5.5% 1,200 6.6% 1,485 7.4%
Hispanic Origin (Any Race) 2,923 18.9% 4,107 22.7% 5,065 25.3%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 1 of 6
Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 1 mile radius Longitude: -115.04646
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent) 2.5
2
1.5
1
0.5
0Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
<$15K8.7%
$15K - $24K7.5%
$25K - $34K8.0%$35K - $49K
15.6%
$50K - $74K22.9%
$75K - $99K14.2%
$100K - $149K13.9%
$150K - $199K5.4%
$200K+3.8%
2018 Population by Race2018 Population by Race
Perc
ent
65605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2018 Percent Hispanic Origin: 22.7%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 2 of 6
375 N. Stephanie Street, Building 5, Henderson, NV 89014
Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 3 mile radius Longitude: -115.04646
Summary Census 2010 2018 2023Population 118,611 136,119 149,956Households 46,324 52,336 57,260Families 29,361 32,904 35,922Average Household Size 2.55 2.60 2.61Owner Occupied Housing Units 24,957 26,536 29,581Renter Occupied Housing Units 21,367 25,800 27,679Median Age 35.6 37.0 37.4
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.96% 1.59% 0.83%Households 1.81% 1.48% 0.79%Families 1.77% 1.44% 0.71%Owner HHs 2.20% 2.06% 1.16%Median Household Income 2.40% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
<$15,000 4,811 9.2% 4,138 7.2%$15,000 - $24,999 4,432 8.5% 4,042 7.1%$25,000 - $34,999 5,259 10.0% 5,134 9.0%$35,000 - $49,999 8,331 15.9% 8,370 14.6%$50,000 - $74,999 10,651 20.4% 11,435 20.0%$75,000 - $99,999 6,797 13.0% 8,353 14.6%$100,000 - $149,999 7,217 13.8% 9,947 17.4%$150,000 - $199,999 2,356 4.5% 2,770 4.8%$200,000+ 2,481 4.7% 3,071 5.4%
Median Household Income $55,735 $62,750Average Household Income $75,377 $86,081Per Capita Income $29,306 $33,163
Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent
0 - 4 7,529 6.3% 8,190 6.0% 9,175 6.1%5 - 9 7,647 6.4% 8,014 5.9% 8,755 5.8%10 - 14 7,962 6.7% 8,006 5.9% 8,644 5.8%15 - 19 8,082 6.8% 8,000 5.9% 8,358 5.6%20 - 24 8,548 7.2% 9,708 7.1% 10,114 6.7%25 - 34 18,561 15.6% 22,242 16.3% 24,676 16.5%35 - 44 17,389 14.7% 18,537 13.6% 21,257 14.2%45 - 54 17,096 14.4% 17,753 13.0% 17,818 11.9%55 - 64 13,643 11.5% 16,792 12.3% 17,839 11.9%65 - 74 7,449 6.3% 11,902 8.7% 14,048 9.4%75 - 84 3,629 3.1% 5,208 3.8% 7,141 4.8%
85+ 1,076 0.9% 1,771 1.3% 2,132 1.4%Census 2010 2018 2023
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 83,745 70.6% 88,113 64.7% 90,451 60.3%Black Alone 8,570 7.2% 12,146 8.9% 14,903 9.9%American Indian Alone 796 0.7% 928 0.7% 1,016 0.7%Asian Alone 8,921 7.5% 12,218 9.0% 15,471 10.3%Pacific Islander Alone 839 0.7% 1,065 0.8% 1,271 0.8%Some Other Race Alone 9,198 7.8% 12,593 9.3% 15,729 10.5%Two or More Races 6,542 5.5% 9,056 6.7% 11,116 7.4%
Hispanic Origin (Any Race) 24,199 20.4% 32,708 24.0% 39,844 26.6%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 3 of 6
Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 3 mile radius Longitude: -115.04646
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent)
2.42.2
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
<$15K9.2%
$15K - $24K8.5%
$25K - $34K10.0%
$35K - $49K15.9%
$50K - $74K20.4%
$75K - $99K13.0%
$100K - $149K13.8%
$150K - $199K4.5%
$200K+4.7%
2018 Population by Race2018 Population by Race
Perc
ent
605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2018 Percent Hispanic Origin: 24.0%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 4 of 6
AREA DEMOGRAPHICS (3 MILE RADIUS)
375 N. Stephanie Street, Building 5, Henderson, NV 89014
AREA DEMOGRAPHICS (5 MILE RADIUS)Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 5 mile radius Longitude: -115.04646
Summary Census 2010 2018 2023Population 269,884 300,987 326,917Households 104,752 114,982 124,094Families 67,046 73,047 78,674Average Household Size 2.57 2.61 2.63Owner Occupied Housing Units 62,295 64,727 71,455Renter Occupied Housing Units 42,457 50,256 52,639Median Age 37.7 39.0 39.3
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.67% 1.59% 0.83%Households 1.54% 1.48% 0.79%Families 1.50% 1.44% 0.71%Owner HHs 2.00% 2.06% 1.16%Median Household Income 2.38% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
<$15,000 10,963 9.5% 9,407 7.6%$15,000 - $24,999 10,191 8.9% 9,257 7.5%$25,000 - $34,999 11,764 10.2% 11,339 9.1%$35,000 - $49,999 16,885 14.7% 16,717 13.5%$50,000 - $74,999 23,690 20.6% 24,921 20.1%$75,000 - $99,999 15,334 13.3% 18,527 14.9%$100,000 - $149,999 15,783 13.7% 21,424 17.3%$150,000 - $199,999 5,014 4.4% 5,868 4.7%$200,000+ 5,357 4.7% 6,636 5.3%
Median Household Income $55,962 $62,947Average Household Income $75,093 $85,945Per Capita Income $29,046 $32,947
Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent
0 - 4 16,446 6.1% 17,369 5.8% 19,125 5.9%5 - 9 16,739 6.2% 17,513 5.8% 18,906 5.8%10 - 14 17,525 6.5% 17,554 5.8% 19,043 5.8%15 - 19 17,745 6.6% 17,004 5.6% 18,022 5.5%20 - 24 17,676 6.5% 19,251 6.4% 19,303 5.9%25 - 34 38,294 14.2% 45,053 15.0% 48,989 15.0%35 - 44 38,937 14.4% 40,049 13.3% 45,422 13.9%45 - 54 39,243 14.5% 39,288 13.1% 39,121 12.0%55 - 64 33,166 12.3% 38,923 12.9% 40,209 12.3%65 - 74 20,538 7.6% 30,403 10.1% 34,806 10.6%75 - 84 10,380 3.8% 13,942 4.6% 18,547 5.7%
85+ 3,194 1.2% 4,636 1.5% 5,424 1.7%Census 2010 2018 2023
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 189,384 70.2% 194,218 64.5% 196,930 60.2%Black Alone 18,249 6.8% 24,896 8.3% 30,027 9.2%American Indian Alone 1,945 0.7% 2,210 0.7% 2,388 0.7%Asian Alone 19,614 7.3% 26,160 8.7% 32,623 10.0%Pacific Islander Alone 1,955 0.7% 2,377 0.8% 2,777 0.8%Some Other Race Alone 24,875 9.2% 32,524 10.8% 39,688 12.1%Two or More Races 13,861 5.1% 18,602 6.2% 22,485 6.9%
Hispanic Origin (Any Race) 60,683 22.5% 78,538 26.1% 93,685 28.7%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 5 of 6
Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 5 mile radius Longitude: -115.04646
AreaStateUSA
Trends 2018-2023Trends 2018-2023
Ann
ual R
ate
(in
perc
ent)
2.42.2
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20182023
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2018 Household Income 2018 Household Income
<$15K9.5%
$15K - $24K8.9%
$25K - $34K10.2%
$35K - $49K14.7%
$50K - $74K20.6%
$75K - $99K13.3%
$100K - $149K13.7%
$150K - $199K4.4%
$200K+4.7%
2018 Population by Race2018 Population by Race
Perc
ent
605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2018 Percent Hispanic Origin: 26.1%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.
July 16, 2018
©2018 Esri Page 6 of 6