COLLIERS INTERNATIONAL P. 198 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169
T+1 702 735 5700F +1 702 731 5709
www.colliers.com/lasvegas
STACY SCHEER, CCIM+1 702 836 3762 [email protected]
GRANT TRAUB+1 702 836 3789 [email protected]
CHRIS CONNELL+1 702 836 3709 [email protected]
PREPARED BY:
±41,676 SF VALUE-ADD THREE-STORY CLASS “B” MEDICAL OFFICE BUILDING ON ±0.70 ACRES 98 E. LAKE MEAD PARKWAY :: HENDERSON, NV 89015
FOR SALE
OFFERING MEMORANDUM
COLLIERS INTERNATIONAL P. 298 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Confidentiality Agreement
1. Purpose. Company and Recipient wish to explore a potential business opportunity of mutual interest and in connection with this opportunity, Company may disclose to Recipient certain confidential technical and business information, which Company desires Recipient to treat as confidential. 2. “Confidential Information” means (a) any information disclosed by Company to Recipient, either directly or indirectly, in writing, orally or by inspection of tangible objects, including, without limitation, algorithms, business plans, business systems, customer data, customer lists, customer names, designs documents, drawings, logos, proposed trademarks or similar intellectual property, engineering information, financial analysis, forecasts, formulas, hardware configuration information, know-how, ideas, inventions, market information, marketing plans, processes, products, product plans, research, specifications, software, source code, trade secrets or any other information which is designated as “confidential,” “proprietary” or some similar designation (collectively, the “Disclosed Materials”) and (b) any information otherwise obtained, directly or indirectly, by Recipient through inspection, review or analysis of the Disclosed Materials. Confidential Information may also include information of a third party that is in the possession of Company and is disclosed to Recipient under this Agreement. Confidential Information shall not, however, include any information that (i) was publicly known and made generally available in the public domain prior to the time of disclosure by Company; (ii) becomes publicly known and made generally available after disclosure by Company to Recipient through no action or inaction of Recipient; (iii) is already in the possession of Recipient at the time of disclosure by Company as shown by Recipient’s files and records immediately prior to the time of disclosure; (iv) is obtained by Recipient from a third party lawfully in possession of such information and without a breach of such third party’s obligations of confidentiality; or (v) is independently developed by Recipient without use of or reference to Company’s Confidential Information, as shown by documents and other competent evidence in Recipient’s possession. 3. Non-use and Non-disclosure. Recipient agrees not to use any Confidential Information for any purpose except to evaluate and engage in discussions concerning a potential business relationship between Recipient and Company. Recipient agrees not to disclose any Confidential Information to third parties or to employees of Recipient, except to those employees who are required to have the information in order to evaluate or engage in discussions concerning the contemplated business relationship. Recipient shall not reverse engineer, disassemble or decompile any prototypes, software or other tangible objects which embody Company’s Confidential Information and which are provided to Recipient hereunder. 4. Maintenance of Confidentiality. Recipient agrees that it shall take all reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of the Confidential Information. Without limiting the foregoing, Recipient shall take at least those measures that Recipient takes to protect its own most highly confidential information and shall have its employees who have access to Confidential Information sign a non-use and non-disclosure agreement in content substantially similar to the provisions hereof, prior to any disclosure of Confidential Information to such employees. Recipient shall not make any copies of Confidential Information unless the same are previously approved in writing by the Company. Recipient shall reproduce Company’s proprietary rights notices on any such approved copies, in the same manner in which such notices were set forth in or on the original. Recipient shall immediately notify Company in the event of any unauthorized use or disclosure of the Confidential Information. 5. No Obligation. Nothing herein shall obligate Company or Recipient to proceed with any transaction between them, and each party reserves the right, in its sole discretion, to terminate the discussions contemplated by this Agreement concerning the business opportunity; provided, however, such termination shall in no way diminish, terminate or otherwise affect Recipient’s non-disclosure and confidentiality obligations hereunder. 6. No Warranty. ALL CONFIDENTIAL INFORMATION IS PROVIDED “AS IS.” COMPANY MAKES NO WARRANTIES, EXPRESS, IMPLIED OR OTHERWISE, REGARDING ITS ACCURACY, COMPLETENESS OR PERFORMANCE. 7. Return of Materials. All documents and other tangible objects containing or representing Confidential Information and all copies thereof which are in the possession of Recipient shall be and remain the property of Company and shall be promptly returned to Company upon Company’s request. 8. No License. Nothing in this Agreement is intended to grant any rights to Recipient under any patent, mask work right or copyright of Company, nor shall this Agreement grant Recipient any rights in or to Confidential Information except as expressly set forth herein. 9. Non-Circumvention. Upon execution of this Agreement, Recipient agrees to refrain from, directly or indirectly, circumventing Company’s interest in any business opportunity which it becomes aware of as a result of any Confidential Information. Recipient is not under any duty or obligation to disclose or offer any business opportunity to the other Company that is unrelated to the business of Company. 10. Relationship Between the Parties. Nothing contained in this Agreement shall be deemed to constitute a partnership or joint venture between Recipient and Company to give rise to any license or right of either of the parties to any information owned or controlled by the other Party. 11. Term. This Agreement shall survive until such time as all Confidential Information disclosed hereunder becomes publicly known and made generally available through no action or inaction of Recipient. 12. Remedies. Recipient agrees that any violation or threatened violation of this Agreement will cause irreparable injury to the Company, entitling Company to obtain injunctive relief in addition to all legal remedies, and should Company have to retain the services of an attorney to enforce its rights hereunder as against Recipient, and Company is the substantially prevailing party, then Company shall be awarded its costs and legal fees to the fullest extent permitted by applicable law. 13. Recipient Information. Company does not wish to receive any confidential information from Recipient, and Company assumes no obligation, either express or implied, with respect to any information disclosed by Recipient. 14. Miscellaneous. This Agreement shall bind and inure to the benefit of the parties hereto and their successors and assigns. This Agreement shall be governed by the laws of the State of Nevada, without reference to conflict of laws principles. This document contains the entire agreement between the parties with respect to the subject matter hereof. Any failure to enforce any provision of this Agreement shall not constitute a waiver thereof or of any other provision hereof. This Agreement may not be amended, nor any obligation waived, except by a writing signed by both parties hereto.
© 2016 Colliers International
COLLIERS INTERNATIONAL P. 398 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Table of Contents
04 EXECUTIVE SUMMARYThe Offering
Property Description
Offer Submittals
Aerial
Site Plan
Floorplans
Property Photos
Area Map
16 FINANCIAL OVERVIEWRent Roll
18 COMPARABLE PROPERTIESLease Comparables
Lease Comparables Map
Sales Comparables
Sales Comparables Map
26 LOCATION OVERVIEWLocation Overview
Market Overview
Economic Indicators
29 DEMOGRAPHICS
31 LAS VEGAS MARKET OVERVIEW
COLLIERS INTERNATIONAL P. 498 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
E X E C U T I V E S U M M A R Y04
COLLIERS INTERNATIONAL P. 598 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Executive SummaryINVESTMENT SUMMARY
St. Rose Dominican Medical Plaza 98 E. Lake Mead Parkway | Henderson, NV 89015
Description ±Value-Add Class B Medical Office
Purchase Price $3,500,000
Price/SF $84/SF
Building Size ±41,676 SF
Total Acreage ±0.70 Acres
Occupancy 16.10%
Year Built 1992
Zoning Downtown Mixed Use (DX)
APN 178-18-503-002
Construction Type Steel Frame
Number of Stories Three (3)
Parking 210 Spaces, 5/1000
Ground Lease
Building located on Ground Lease with CHW (Dignity). Certain tenant uses are subject to approval. Ground Lease payment is 3% of Net Operating Expenses(per Ground Lease).
THE OFFERING
COLLIERS INTERNATIONAL IS PLEASED TO PRESENT ST. ROSE DOMINICAN MEDICAL PLAZA LOCATED AT 98 E. LAKE MEAD PARKWAY, CONSISTING OF ONE THREE (3) STORY CLASS B MEDICAL BUILDING TOTALING 41,676 SQUARE FEET ON 0.70 ACRES LOCATED IN THE HENDERSON SUBMARKET & EAST HENDERSON MEDICAL CORRIDOR.
The property stands out as one of the more highly desired locations, strategically located on the hard corner of Lake Mead Parkway and Boulder Highway, with visibility from the both major arterials. Southeast Henderson is increasingly gaining footing as the next prominent location for development in the Las Vegas Valley with a myriad of new master-planned and mixed use communities including the 2,200 acre Cadence Community, will complement the area’ s established neighborhoods.
St. Rose Dominican Medical Plaza represents one of the last remaining value add opportunities in the suburban Class B Medical Office arena. The size of healthcare users has changed as consolidation of medical practices continues and large multi-specialty centers are realizing the necessity of economies of scale, driving high demand for large, contiguous floor plates of 15,000 square feet and above. Providers are focused on capturing more market share by ease of patient accessibility from a larger geographical area. This emphasis on location has caused the mandate for medical office locations on major arterial streets, within close proximity to major freeways to increase their patient pool. The current lack of well-positioned, large medical office buildings that are able to accommodate this growing need has created a gap in the market for this particular asset type.
COLLIERS INTERNATIONAL P. 698 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
STRATEGICALLY LOCATED On a major medical campus within a fast-growing redevelopment community.
ABUNDANT PARKING For medical and office users. HIGH VISIBILITY HARD CORNER Location with immediate ingress and egress onto major arteries streets.
AMENITY RICH AREA Close proximity to numerous restaurants, drug stores, banks and other retail outlets.
REPRESENTS ONE OF ONE REMAINING Value add opportunities in the suburban Class B medical office arena.
Property Description
COLLIERS INTERNATIONAL P. 798 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Executive SummaryOFFER SUBMITTALS
Thank you for your continued interest in Colliers International offering of the fee simple interest in 98 E. Lake Mead Parkway | Henderson, NV 89015
The following provides an outline for submittals and terms:
Offers will be evaluated based upon a combination of purchase price, transaction timing, closing certainty, and due diligence completed to date. At a minimum, offer submissions should include the following:
• Terms and Price• Deposit Amounts• Conditions of Purchase and Contingencies, if any.• Proposed Due Diligence and Closing Time frame• Description of Purchasing Entity with Resume/Schedule of recently acquired real estate• Due Diligence Completed to Date, and a timeline that includes a Due Diligence period
not longer than 45 days.
STACY SCHEER, CCIM+1 702 836 3762 [email protected]
GRANT TRAUB+1 702 836 3789 [email protected]
CHRIS CONNELL+1 702 836 3709 [email protected]
All offers should be submitted to:
3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169T+1 702 735 5700F +1 702 731 5709www.colliers.com/lasvegas
COLLIERS INTERNATIONAL P. 898 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Aerial
EAST
LAKE M
EAD PA
RKWAY (3
6,500 CPD)
BOULDER HIGHWAY
SUBJECT
210 Parking Spots
DIGNITY ST. ROSE HOSPITAL –
DE LIMA CAMPUS
(24,000 CPD)
COLLIERS INTERNATIONAL P. 998 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Site Plan
DIGNITY ST. ROSE HOSPITAL –
DE LIMA CAMPUS
SUBJECTPROPERTY
DIAG. IMAG.& SURGERY
BOULDER HIGHWAY
EAST LAKE MEAD PARKWAY
KINDRED
COLLIERS INTERNATIONAL P. 1098 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
101±4,390 SF
102±1,044 SF
103
106±1,040 SF
105±3,022 SF
St. Rose Dominican Medical Plaza - First Floor 98 East Lake Mead Drive, Henderson, NV 89015
104±1,121 SF
Floor Plan | Level 1= LEASED
= AVAILABLE
COLLIERS INTERNATIONAL P. 1198 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
201±6,084 SF
204±1,341 SF
202±1,196 SF
206±2,158 SF
207±2,308 SF
St. Rose Dominican Medical Plaza - Second Floor 98 East Lake Mead Drive, Henderson, NV 89015
Floor Plan | Level 2= LEASED
= AVAILABLE
COLLIERS INTERNATIONAL P. 1298 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
300
303±1,059 SF305
306±3,688 SF
307±3,270 SF
302±1,248 SF
HENDERSON, NV. 89015 - THIRD FLOOR98 EAST LAKE MEAD DRIVE
Floor Plan | Level 3= LEASED
= AVAILABLE
±1,999 SF
COLLIERS INTERNATIONAL P. 1398 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Property Photos
COLLIERS INTERNATIONAL P. 1498 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Aerial
EAST LAKE MEAD PARKWAY (36,500 CPD)
BOULDER HIGHWAY (24,000 CPD)
DIGNITY ST. ROSE HOSPITAL –
DE LIMA CAMPUS
CADENCE
SUBJECT
WATER STREET
COLLIERS INTERNATIONAL P. 1598 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Area Map
UPRR
SOUTHERNHILLS HOSPITAL
SOUTHERNHILLS HOSPITAL
ST. ROSESAN MARTIN
HOSPITAL
ST. ROSESAN MARTIN
HOSPITAL
SPRINGVALLEY
HOSPITAL
SPRINGVALLEY
HOSPITAL
RED
RO
CK
NA
TIO
NA
LCO
NSE
RVA
TIO
N A
REA
CCSNCHARLESTON
CAMPUS
CCSNCHARLESTON
CAMPUS
UNIVERSITYMEDICAL CENTER
UNIVERSITYMEDICAL CENTER
CCSNCHEYENNE
CAMPUS
CCSNCHEYENNE
CAMPUS
DESERTSPRINGS
HOSPITAL
DESERTSPRINGS
HOSPITAL
ST. ROSEDOMINICAN HOSPITAL
SIENA CAMPUS
ST. ROSEDOMINICAN HOSPITAL
SIENA CAMPUS
ST. ROSEDOMINICAN
HOSPITAL
ST. ROSEDOMINICAN
HOSPITAL
CCSNHENDERSON CAMPUS
CCSNHENDERSON CAMPUS
15
15
15
15
15
93
93
93
95
93
95
95
95
93
93
93
95
95
95
215
215
215
215
215
515
515
515
502
593
564
582
160
604
604
604
589
159
599
574
573
147147
147
147
595
595 607
607
146
582
612
157
15
GRAND TETON DRIVE
ELKHORN ROAD
LOSSE ROAD
W CENTENNIAL PARKWAY
ANN ROADW ANN ROAD
SIMMONS STREET
N DECATUR BLVD
CRAIG ROAD
E DESERT INN ROAD
W CHARLESTON BLVD E CHARLESTON BLVD
W SAHARA AVE
W DESERT INN ROAD
FLAMINGO ROAD FLAMINGO ROAD
BUFFALO DRIVE
S RAINBOW BLVD
S DURANGO DRIVE
FORT APACHE ROAD
TROPICANA AVENUE TROPICANA AVENUE
BOULDER HWY
STEWART AVENUE
E BONANZA ROAD
E OWENS AVENUE
W LONE MOUNTAIN ROAD
N JONES BLVD
W ALEXANDER ROAD
W CHEYENNE AVENUE
S DECATUR BLVDN DECATUR BLVD
N JONES BLVD
E SAHARA AVE
S PECOS ROAD
S EASTERN AVENUE
BLUE DIAMOND ROAD
W WARM SPRINGS ROAD
S RAINBOW BLVD
GOMER ROAD
S JONES BLVD
W SUNSET ROAD
W RUSSELL ROAD
VALLEY VIEW ROAD
VALLEY VIEW ROAD
N RANCHO DR
SOUTH LAS VEGAS BLVD
BERMUDA RD
MARTIN LUTHER KING JR BLVD
N 5TH STREET
N LAS V
EGAS B
LVD
N EASTERN AVE
W WASHINGTON DRIVE
E LAKE MEAD BLVD
W LAKE MEAD BLVD
TOWN CENTER DRIVE
W HORIZ
ON RIDGE PKWY
N STEPHANIE STREET
LAMB BLVD
NELLIS BLVD
HUALAPAI WAY
RACETRACK ROAD
COLLEGE DR
EQUESTRIAN DR
E PARADISE HILLS DR
RICHARDSON DRIVE
BURKHOLDER BLVD
GREEN VALLEY PARKWAY
MARYLAND PARKWAY
E RUSSELL ROAD
WARM SPRINGS ROAD
MARYLAND PARKWAY
ALTA DRIVE
VEGAS DRIVE
SMOKE RANCH ROAD
PECOS ROAD
S HOLLYWOOD BLVD
N DURANGO DRIVE
CAMINO AL NORTE
WINDMILL LN
UNION PACIFIC RR
KYLE CANYO
N RD
S BUFFALO DRIVE
E WASHINGTON AVE
N HOLLYWOOD BLVD
N LOS FELIIZ ST
VEGAS VALLEY DRIVE
FREMONT ST
S SANDHILL ROAD
E SUNSET ROAD
E SUNSET ROAD
WINDMILL LANE
DEAN MARTIN DR
W SILVERADO RANCH BLVD
W CACTUS AVE
SOUTHERN HIGHLANDS PARKWAY
SHINNECOCK HILLS AVE
MOUNTAINS EDGE PKWY
W CACTUS AVE
S FORT APACHE RD
W WIGWAM AVE
VOLUNTEER BLVD
ANTHEM PARKWAY
SEVEN HILLS DR
AMERICAN PACIFIC DR
EASTGATE RD
BROADBENT BLVD
MISSION DR
GREENWAY RD
W PACIFIC AVE
S WATER STE VAN WAGENEN ST
FOOTHILLS DR
APPALOOSA RD
S MAGIC WAY
CENTER ST
PABCO ROAD
N ARROYO GRANDE BLVD
VALLE VERDE DR
E PEBBLE ROAD
SPRING MOUNTAIN RD
PARADISE RD
E ST LOUIS AVE
N BRUCE ST
E EVANS AVE
BELMONT ST
E CAREY AVE
S LAMB BLVD
N PECOS ROAD
WASHBURN RD
N TENAYA WAY
SEVERENCE LANE
DEER SPRINGS WAY
CLIFF SHADOWS DRIVE
DESERT FOOTHILLS DR
W ARBY AVE
PAIUTE
WAY
HACIENDA AVE
St Rose
Parkw
ay
UNION
PACIFIC
RR
E LAKE MEAD PA
RKWAY
WESTCLIFF DRIVE
N RAINBOW BLVD
LAKE LAS VEGAS PKWY
SUMMERLIN PARKWAY
INDUSTRIAL
ROA
D
BUFFALO DRIVE
CRAIG ROAD
E CHEYENNE AVENUE
E LAKE MEAD BLVD
LOSEE
RD.
“THE
STRIP
”
GIBSON Rd.
BUFFALO DRIVE
NELLIS AFB
NORTH LAS VEGASAIRPORT
MC CARRANINT’L AIRPORT
LAKELAS VEGAS
LOSPRADOS
SOUTHERNHIGHLANDS
SUNSETPARK
LAS VEGASMUNICIPAL
SPANISH TRAIL
RHODESRANCH
NEVADATRAILS
CORONADORANCH
DURANGOHILLS
HENDERSON EXECUTIVEAIRPORT
LAS VEGAS
EASTLAS VEGAS
GREENVALLEY
SUMMERLIN
HENDERSON
NORTHLAS VEGAS
SILVERADORANCH
DEL WEBB’SANTHEM
SOUTHFORK
SUNRIDGE WESTCANYON
DEL WEBBSUN CITY MACDONALD RANCH
RAILROADPASS
MACDONALDHIGHLANDS
WHITNEYRANCH
UNLV
BOULEVARDMALL
SPRINGVALLEY
SUNRISECOLONY
THE LAKES
PECCOLERANCH
SUN CITY LAS VEGASDESERTSHORES
RANCHOALTA MIRA
RANCHODEL NORTE
EL DORADO
PARK HIGHLANDS
IRONMOUNTAIN
RANCH
PROVIDENCE
SILVERSTONE
LAS VEGASMOTOR SPEEDWAY
APEX INDUSTRIAL PARK
LAS VEGASPAIUTE GOLF RESORT
MOUNTAIN’SEDGE
ALIANTE
SHADOWCREEK
SUNRISEVISTA
DESERT PINES
DESERTROSE
ROYALLINKS
STALLIONMOUNTAIN
REFLECTIONBAY
THEFALLS
TUSCANY
BLACKMOUNTAIN
DRAGON RIDGEDRAGON RIDGE
ANTHEM
REVERE
RIO SECCO
WILDHORSE
LEGACY
BALIHAI
WYNN
LAS VEGASCC
PAINTED DESERT
EAGLECREST
TPC ATCANYONS
TPC ATSUMMERLIN
HIGHLANDFALLS
PALMVALLEY
REDROCK
BADLANDS
BEAR’SBEST
ANGELPARK
CANYONGATE
SIENA
INSPIRADA
KYLECANYONGATEWAY
SPRINGMOUNTAIN
RANCH
ELKHORNSPRINGS
SEVEN HILLS
TOWNSQUARE
NELLIS AFB
= HOSPITAL LOCATION
Subject
COLLIERS INTERNATIONAL P. 1698 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
F I N A N C I A L O V E R V I E W16
COLLIERS INTERNATIONAL P. 1798 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Rent Roll – Occupancy SummaryAs of Date: 9/30/2017
Rent Roll - Occupancy SummaryAs of Date: 09/30/2017 Show Excluded Units: No Show All Amounts: Monthly
Page 1
Lease Name LeaseFrom
LeaseTo
TermMonths
RentableArea Base Rent
RentPer
Area
RecoveryPer
AreaDeposit
TotalPer
AreaUnit
Property: St. Rose Dominican Medical Plaza LP - 301MiscPer
AreaMiscRecoveryMTMIndexDate Min Max
UsableArea Total
Nevada Health Center (t0001976) - Triple Net
10,000.00 85 1.37 0.494,431 6,064.09 1.8608/06/15 08/05/22 0.00 103 0.000.00 2,186.23 0.003,956.00 8,250.32
Dignity Health (t0001952) - Triple Net
0.00 61 1.33 0.452,277 3,019.59 1.8001/27/15 01/26/20 0.03 301 0.000.00 1,024.65 65.002,033.00 4,109.24
VACANT () - N/A
0.00 - 0.00 0.004,390 0.00 0.000.00101 0.000.00 0.00 0.003,920.00 0.00
0.00 - 0.00 0.001,044 0.00 0.000.00102 0.000.00 0.00 0.00932.00 0.00
0.00 - 0.00 0.001,121 0.00 0.000.00104 0.000.00 0.00 0.001,001.00 0.00
0.00 - 0.00 0.003,022 0.00 0.000.00105 0.000.00 0.00 0.002,698.00 0.00
0.00 - 0.00 0.001,040 0.00 0.000.00106 0.000.00 0.00 0.00929.00 0.00
0.00 - 0.00 0.006,084 0.00 0.000.00201 0.000.00 0.00 0.005,432.00 0.00
0.00 - 0.00 0.001,196 0.00 0.000.00202 0.000.00 0.00 0.001,068.00 0.00
0.00 - 0.00 0.001,341 0.00 0.000.00204 0.000.00 0.00 0.001,197.50 0.00
0.00 - 0.00 0.002,158 0.00 0.000.00206 0.000.00 0.00 0.001,927.00 0.00
0.00 - 0.00 0.002,308 0.00 0.000.00207 0.000.00 0.00 0.002,061.00 0.00
0.00 - 0.00 0.001,248 0.00 0.000.00302 0.000.00 0.00 0.001,114.00 0.00
0.00 - 0.00 0.001,059 0.00 0.000.00303 0.000.00 0.00 0.00945.90 0.00
0.00 - 0.00 0.001,999 0.00 0.000.00305 0.000.00 0.00 0.001,785.00 0.00
0.00 - 0.00 0.003,688 0.00 0.000.00306 0.000.00 0.00 0.003,293.00 0.00
0.00 - 0.00 0.003,270 0.00 0.000.00307 0.000.00 0.00 0.002,920.00 0.00
Percentage Total USFTotal Base
Rent
TotalRent
Per
TotalRecoveryPer Area
15
2 %11.76
%88.24
Total Units
TotalMiscPer
TotalCharges
Per
1.35
0.00
0.48
0.00
0.01
0.00
1.84
0.00
41,676 9,083.68 0.22 0.08 0.00 0.30
Summary
Vacant
Totals
Occupied
TotalDeposit
10,000.00
Percentage
%16.10
%83.90
6,708 9,083.6810,000.00
34,968 0.000.00
17
TotalRecovery
3,210.88
0.00
3,210.88
TotalMisc
65.00
0.00
65.00
Total
12,359.56
0.00
12,359.56
Total RSF
5,989
31,223
37,212
Monday, August 21, 2017
COLLIERS INTERNATIONAL P. 1898 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
C O M PA R A B L E P R O P E R T I E S18
COLLIERS INTERNATIONAL P. 1998 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Lease Comparable PropertiesLEASE COMPARABLE REPORT DECEMBER 07, 2016
DATE SIGN/LED TI NEW / EXISTSTART/EFF RATE LEASE TERMPROPERTY COMMENTSEXPENSESOCCUPIED DATETENANTTYPE LANDLORD SF
Black Mountain Professional
Plaza
1700 W Horizon Ridge Pkwy,
Suite 202
Henderson, NV 89012
1Professional
Direct
982 11/13/2016 36 MonthsJDL Property
Management
Corley / $1.606 MG11/13/2016 /
11/12/2019
1016151997
Sansone 215 Pecos
9065 S Pecos Rd, Suite 190
Henderson, NV 89074
2Professional
Direct
7,371 11/4/2016 $0.30 126 Months 3% annual increases. 6 months free
rent.
HealthMedica 9005-9089 S
Pecos Rd
Holding
$1.42 /
$1.575 NNN
11/4/2016 /
5/3/2027
1016175694
Siena Pavilion
861 Coronado Center Dr
Bldg 3, Suite 100
Henderson, NV 89052
3Medical
Direct
11,216 10/12/2016 $0.56 $30.00 / 84 Months 3% annual increases. 6 months free
rent.
ADCS Clinics 2850 West
Horizon Ridge
Parkway
Holdings
$1.25 /
$1.116 NNN
10/12/2016 /
10/11/2023
1016183085
Horizon Ridge Professional
Center
2298 W Horizon Ridge Pkwy,
Suite 215
Henderson, NV 89012
4Professional
Direct
940 10/2/2016 40 MonthsDoulas of Las
Vegas
Horizon Ridge
Professional
Center
/ $1.405 MG10/2/2016 /
2/1/2020
1016194885
Siena Office Park
871 Coronado Center Dr
Bldg 4, Suite 110
Henderson, NV 89052
5Professional
Direct
3,454 8/21/2016 66 MonthsRBSM TAG Coronado 1 / $1.272 NNN8/21/2016 /
2/20/2022
1016190482
Stephanie Beltway Centre
150 N Stephanie St Bldg 3,
Suite 125
Henderson, NV 89014
6Professional
Direct
4,634 10/1/2016 $45.00 / 60 Months 3% annual increases. 3 months free
rent.
Goosehead
Insurance
Agency
Henderson
Beltway
/ $1.822 NNN7/18/2016 /
9/30/2021
1016085676
Colliers International is pleased to provide the above information and in doing so believes its validity. However, we cannot guarantee its accuracy or take responsibility for its use.BR_Comp-L_Matrix_LL Page 1 of 2
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COLLIERS INTERNATIONAL P. 2098 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Lease Comparable Properties
DECEMBER 07, 2016LEASE COMPARABLE REPORT
DATE SIGN/LED TI NEW / EXISTSTART/EFF RATE LEASE TERMPROPERTY COMMENTSEXPENSESOCCUPIED DATETENANTTYPE LANDLORD SF
3300 St Rose Pkwy (Office),
Suite B
Henderson, NV 89052
7Professional
Direct
3,773 5/1/2016 $0.30 36 MonthsCECO
Enterprises
CECO
Enterprises
/ $1.232 NNN5/1/2016 /
4/30/2019
1016078386
Black Mountain Professional
Plaza
1700 W Horizon Ridge Pkwy,
Suite 102/200/201
Henderson, NV 89012
8Professional
Direct
1,989 2/14/2016 12 Months3PEA
International
Corley / $1.48 MG2/14/2016 /
2/13/2017
1016194112
Green Valley Corporate
Center South - B3
2225 Village View Dr Bldg
B3, Suite 290
Henderson, NV 89074
9Professional
Direct
3,664 1/28/2016 $6.82 / 60 Months 3% annual increases.Inenvi Vestar
Development
$2.00 /
$2.124 MG
1/28/2016 /
1/27/2021
1016196328
Siena Pavilion
861 Coronado Center Dr
Bldg 3, Suite 131
Henderson, NV 89052
10Medical
Direct
4,425 1/10/2016 $10.00 / 36 Months 3% annual increases.Women's Health
Associates of
Southern
Nevada
Triple Net
Properties
$1.25 /
$1.288 NNN
12/15/2015 /
1/9/2019
1016155384
Augusta Park
1485 W Warm Springs Rd,
Suite 103
Henderson, NV 89014
11Professional
Direct
2,288 11/29/2015 36 MonthsGoldfield Transwestern
Investment
Realty
/ $1.75 NNN11/29/2015 /
11/28/2018
1016188794
Corley Center
303 Water St, Suite 100-115
Henderson, NV 89015
12Professional
Direct
4,246 11/15/2015 12 MonthsClark County
Credit Union
Water Street IC / $1.768 NNN11/15/2015 /
11/14/2016
1016188160
7777 Eastgate Rd
Henderson, NV 8901113
Professional
Renewal
13,135 11/15/2015 24 MonthsUniversity of
Phoenix
7777 Eastgate / $2.47 FSG11/15/2015 /
11/14/2017
1016188156
13 62,117Total Comps: Total Comp SF:
Colliers International is pleased to provide the above information and in doing so believes its validity. However, we cannot guarantee its accuracy or take responsibility for its use.BR_Comp-L_Matrix_LL Page 2 of 2
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COLLIERS INTERNATIONAL P. 2198 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
DECEMBER 07, 2016LOCATION SUMMARY
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Lease Comparable Properties
COLLIERS INTERNATIONAL P. 2298 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
1 880 Seven Hills Dr - Seven Hills Medical Center SOLD
177-35-510-004
Henderson, NV 89052Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$130.34$6,510,00010/20/2016 (86 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
In Progress
Class B OfficeMedicalBuilt 2002 Age: 1449,945 SF
Clark County
Research Status:Sale Conditions: -Comp ID: 3741883
2 5495 S Rainbow Blvd - Rainbow Springs Professional Building SOLD
163-27-713-003
Las Vegas, NV 89118Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$142.70$3,700,000 - Confirmed05/23/2016 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 2001 Age: 1525,929 SF
Clark County
Research Status:Sale Conditions: Auction SaleComp ID: 3609413
3 8064-8084 W Sahara Ave - R & R Plaza SOLD
163-04-812-001
Las Vegas, NV 89117Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$68.16$3,900,000 - Confirmed05/20/2016 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 1991 Age: 2557,222 SF
Clark County
Research Status:Sale Conditions: Auction Sale, REO SaleComp ID: 3609407
4 4530 S Decatur Blvd - Skyview Business Park SOLD
162-19-301-024
Las Vegas, NV 89103Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$48.57$2,420,251 - Confirmed05/10/2016 (90 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeMedicalBuilt 1997 Renov 2016 Age: 1949,833 SF
Clark County
Research Status:Sale Conditions: Auction Sale, High Vacancy PropertyComp ID: 3596538
5 8876 Spanish Ridge Ave - Bldg 18-Phase III SOLD
163-29-712-003
Las Vegas, NV 89148Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$84.12$3,000,000 - Confirmed04/22/2016 (751 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 2009 Age: 735,663 SF
Clark County
Research Status:Sale Conditions: Building in Shell Condition ...Comp ID: 3582992
6 2500 N Buffalo Dr - Las Vegas Tech Center II (Part of Multi-Property) SOLD
Las Vegas, NV 89128Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$135.77$11,825,000 - Full Value03/30/2016 (258 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Full Value
Class B OfficeOffice/ResidentialBuilt 2002 Age: 1487,095 SF
Clark County
Research Status:Sale Conditions: High Vacancy PropertyComp ID: 3571039
Copyrighted report licensed to Colliers International - 531629. 11/3/2016
Page 1
Sales Comparables
COLLIERS INTERNATIONAL P. 2398 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
1 880 Seven Hills Dr - Seven Hills Medical Center SOLD
177-35-510-004
Henderson, NV 89052Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$130.34$6,510,00010/20/2016 (86 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
In Progress
Class B OfficeMedicalBuilt 2002 Age: 1449,945 SF
Clark County
Research Status:Sale Conditions: -Comp ID: 3741883
2 5495 S Rainbow Blvd - Rainbow Springs Professional Building SOLD
163-27-713-003
Las Vegas, NV 89118Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$142.70$3,700,000 - Confirmed05/23/2016 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 2001 Age: 1525,929 SF
Clark County
Research Status:Sale Conditions: Auction SaleComp ID: 3609413
3 8064-8084 W Sahara Ave - R & R Plaza SOLD
163-04-812-001
Las Vegas, NV 89117Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$68.16$3,900,000 - Confirmed05/20/2016 Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 1991 Age: 2557,222 SF
Clark County
Research Status:Sale Conditions: Auction Sale, REO SaleComp ID: 3609407
4 4530 S Decatur Blvd - Skyview Business Park SOLD
162-19-301-024
Las Vegas, NV 89103Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$48.57$2,420,251 - Confirmed05/10/2016 (90 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeMedicalBuilt 1997 Renov 2016 Age: 1949,833 SF
Clark County
Research Status:Sale Conditions: Auction Sale, High Vacancy PropertyComp ID: 3596538
5 8876 Spanish Ridge Ave - Bldg 18-Phase III SOLD
163-29-712-003
Las Vegas, NV 89148Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$84.12$3,000,000 - Confirmed04/22/2016 (751 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 2009 Age: 735,663 SF
Clark County
Research Status:Sale Conditions: Building in Shell Condition ...Comp ID: 3582992
6 2500 N Buffalo Dr - Las Vegas Tech Center II (Part of Multi-Property) SOLD
Las Vegas, NV 89128Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$135.77$11,825,000 - Full Value03/30/2016 (258 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Full Value
Class B OfficeOffice/ResidentialBuilt 2002 Age: 1487,095 SF
Clark County
Research Status:Sale Conditions: High Vacancy PropertyComp ID: 3571039
Copyrighted report licensed to Colliers International - 531629. 11/3/2016
Page 1
Sales Comparables
COLLIERS INTERNATIONAL P. 2498 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
7 7951 W Deer Springs Way - Cimarron Commons SOLD
125-21-710-008
Las Vegas, NV 89131Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$97.93$3,800,000 - Confirmed02/19/2016 (263 days on mkt) Bldg Type:
Year Built/Age:RBA:
--
Parcel No:
Confirmed
Class B OfficeBuilt 2005 Age: 1138,803 SF
Clark County
Research Status:Sale Conditions: REO SaleComp ID: 3529391
8 871 Coronado Center Dr - Siena Office Park SOLD
177-25-410-013
Henderson, NV 89052Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$105.68$5,460,000 - Confirmed12/22/2015 (46 days on mkt) Bldg Type:
Year Built/Age:RBA:
-11.00%
Parcel No:
Confirmed
Class B OfficeMedicalBuilt 2002 Age: 1351,666 SF
Clark County
Research Status:Sale Conditions: REO SaleComp ID: 3476463
9 2851 N Tenaya Way - Mountain View Professional Plaza SOLD
138-15-610-015
Las Vegas, NV 89128Sale Date:
Pro Forma CapRate:
Price/SF:Sale Price:
Actual Cap Rate:
$202.98$8,910,000 - Confirmed11/13/2015 (590 days on mkt) Bldg Type:
Year Built/Age:RBA:
-7.50%
Parcel No:
Confirmed
Class B OfficeMedicalBuilt 1997 Age: 1843,897 SF
Clark County
Research Status:Sale Conditions: -Comp ID: 3445675
Copyrighted report licensed to Colliers International - 531629. 11/3/2016
Page 2
Sales Comparables
COLLIERS INTERNATIONAL P. 2598 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
880 Seven Hills Dr1 Sold: $6,510,000 ($130.34/SF)Henderson 49,945 SF Class B Office/Medical
5495 S Rainbow Blvd2 Sold: $3,700,000 ($142.70/SF)Las Vegas 25,929 SF Class B Office
8064-8084 W Sahara Ave3 Sold: $3,900,000 ($68.16/SF)Las Vegas 57,222 SF Class B Office
4530 S Decatur Blvd4 Sold: $2,420,251 ($48.57/SF)Las Vegas 49,833 SF Class B Office/Medical
8876 Spanish Ridge Ave5 Sold: $3,000,000 ($84.12/SF)Las Vegas 35,663 SF Class B Office
2500 N Buffalo Dr (Part of Multi-Property Sale)6 Sold: $11,825,000 ($135.77/SF)Las Vegas 87,095 SF Class B
Office/Office/Residential
7951 W Deer Springs Way7 Sold: $3,800,000 ($97.93/SF)Las Vegas 38,803 SF Class B Office
871 Coronado Center Dr8 Sold: $5,460,000 ($105.68/SF)Henderson 51,666 SF Class B Office/Medical
2851 N Tenaya Way9 Sold: $8,910,000 ($202.98/SF)Las Vegas 43,897 SF Class B Office/Medical
Address City Property Info Sale Info
Copyrighted report licensed to Colliers International - 531629. 11/3/2016
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COLLIERS INTERNATIONAL P. 2698 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
LO C AT I O N O V E R V I E W26
COLLIERS INTERNATIONAL P. 2798 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
EAST LAKE MEAD PARKWAY (36,500 CPD)
BOULDER HIGHWAY
DIGNITY ST. ROSE HOSPITAL –
DE LIMA CAMPUS
ALBERTSONS
CADENCE
KINDRED HOSPITAL
SUBJECT
(24,000 CPD)
Location OverviewST. ROSE DOMINICAN MEDICAL PLAZA IS LOCATED WITHIN THE EAST HENDERSON SUBMARKET AND MEDICAL CORRIDOR LOCATED DIRECT-LY ON THE DIGNITY ST. ROSE DOMINCAN HOSPITAL DE LIMA CAMPUS. THE SUBJECT PROPERTY IS STRATEGICALLY LOCATED ON THE HARD CORNER OF LAKE MEAD PARKWAY AND BOURLDER HIGHWAY AND PROVIDES ACCESS TO BOTH INTER¬STATE 95 AND INTERSTATE 215. THERE ARE NUMEROUS MIXED-USE OFFICE PROJECTS AND RETAIL AMENITIES WITHIN CLOSE PROXIMITY.
• On major medical campus. • Access to I-95 & I-215
• Growing redevelopment community
COLLIERS INTERNATIONAL P. 2898 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
Historical Net Absorption vs. Completions
Medical Office is Recovering Nicely
For the fifth straight quarter, Southern Nevada’s medical office market posted not just positive, but quite strong net absorption. This was primarily due to the completion of a significant amount of new medical office space in the Valley, which suggests that, as we have said many times, the needs of modern medical practices were not being met by older medical office space. Asking rental rates for medical office increased by $0.03 per square foot (psf) on a full service gross (FSG) basis to $2.22.
Historical Vacancy Rates and Rental Rates
Market Overview
> New medical development brought higher net absorption in the second quarter
> Medical office vacancy continued to decrease
> Asking rental rates continued to increase
+0.9%
HEALTHCARESpending
HEALTHCAREEmployment
-9.5
MEDICALSF/Job
+36.8%
Q22017
Economic Indicators
Market Indicators Relative to prior period Q2 2017 Q3 2017*
VACANCY
NET ABSORPTION
COMPLETIONS
RENTAL RATE *Projected
Summary Statistics Las Vegas Market Q2-16 Q1-17 Q2-17
Vacancy Rate 17.1% 16.3% 16.1%
Asking Rent (PSF, NNN) $2.14 $2.19 $2.22
Net Absorption (SF) 1,095 20,989 234,812
New Completions (SF) 0 80,000 258,954
Overall Asking Rents Per Square Foot
Class A $2.58 $2.67 $2.72
Class B $2.20 $2.20 $2.20
Class C $1.78 $1.82 $1.81
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
2 Q 2015
3 Q 2015
4 Q 2015
1 Q 2016
2 Q 2016
3 Q 2016
4 Q 2016
1 Q 2017
2 Q 2017
Net Absorption Completions
$2.12
$2.14
$2.16
$2.18
$2.20
$2.22
$2.24
12.0%
13.0%
14.0%
15.0%
16.0%
17.0%
18.0%
2 Q 2015
3 Q 2015
4 Q 2015
1 Q 2016
2 Q 2016
3 Q 2016
4 Q 2016
1 Q 2017
2 Q 2017
Vacancy Rate Rental Rate
“Whether the next round of healthcare reform in Washington D.C. will knock things off kilter is unknown, but as yet they do not appear to be dampening demand for medical office space in Southern Nevada”
COLLIERS INTERNATIONAL P. 2998 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
D E M O G R A P H I C S29
COLLIERS INTERNATIONAL P. 3098 E. LAKE MEAD PARKWAY, HENDERSON, NV 89015 | INVESTMENT OFFERING
0 - 1 MILES 0 - 3 MILES 0 - 5 MILES
2016 Daytime Business 11,528 34,278 60,123
2021 Projection 10,308 81,080 178,849
2016 Estimate 10,199 77,297 167,812
2010 Census 10,307 72,701 153,972
2000 Census 11,272 59,297 108,527
Projected Growth 2016 - 2021 1.07% 4.89% 6.58%
Estimated Growth 2010 - 2016 -1.04% 6.32% 8.99%
Growth 2000 - 2010 -8.56% 22.60% 41.87%
0 - 1 MILES 0 - 3 MILES 0 - 5 MILES
2021 Projection 4,025 30,186 66,118
2016 Estimate 3,921 28,670 62,021
2010 Census 3,821 26,700 56,930
2000 Census 4,092 21,408 39,710
Projected Growth 2016 - 2021 2.66% 5.29% 6.61%
Estimated Growth 2010 - 2016 2.61% 7.38% 8.94%
Growth 2000 - 2010 -6.61% 24.72% 43.36%
0 - 1 MILES 0 - 3 MILES 0 - 5 MILES
Total 3,921 28,670 62,021
2016 Est. Average Household Income $44,959 $67,023 $70,901
2016 Est. Median Household Income $36,349 $54,513 $57,947
0 - 1 MILES 0 - 3 MILES 0 - 5 MILES
Total 10,199 77,297 167,812
White Alone 71.89% 75.39% 72.62%
Black or African American Alone 8.00% 5.50% 6.44%
Amer. Indian and Alaska Native Alone 1.34% 1.01% 0.79%
Asian Alone 3.12% 5.42% 7.11%
Native Hawaiian and Other Pac. Isl. Alone 0.61% 0.55% 0.59%
Some Other Race Alone 8.68% 6.60% 6.73%
Two or More Races 6.35% 5.53% 5.73%
Not Hispanic or Latino 77.83% 81.14% 80.61%
Hispanic or Latino 22.17% 18.86% 19.39%
DemographicsPOPULATION
HOUSEHOLDS
2016 EST. HOUSEHOLDS BY HH INCOME
2016 EST. POPULATION BY SINGLE-CLASSIFICATION RACE
0% 5% 10% 15% 20% 25% 30%
1-‐Mile
3-‐Mile
5-‐Mile
Est Owner Occupied Property Values
$1,000,000 or more
$750,000 to $999,999
$500,000 to $749,999
$400,000 to $499,999
$300,000 to $399,999
$200,000 to $299,999
$150,000 to $199,999
$100,000 to $149,999
$80,000 to $99,999
$60,000 to $79,999
$40,000 to $59,999
0%
5%
10%
15%
20%
25%
30%
$15,000 or Less $15,000 to $24,999
$25,000 to $34,999
$35,000 to $49,999
$50,000 to $74,999
$75,000 to $99,999
$100,000 to $124,999
$125,000 to $149,999
$150,000 to $199,999
$200,000 to $249,999
$250,000 to $499,999
$500,000 or More
Es5mated Households By Income
1-‐Mile 3-‐Mile 5-‐Mile
0% 20% 40% 60% 80% 100% 120%
1-‐Mile
3-‐Mile
5-‐Mile
Es2mated Households By Type
Single Person Household Married Other Family -‐ Male Head Other Family -‐ Female Head
COLLIERS INTERNATIONAL P. 311330 SOUTH VALLEY VIEW BOULEVARD | INVESTMENT OFFERING
Clark County is the southernmost county of the state of Nevada. It includes the cities of Las Vegas, North Las Vegas, Henderson, Boulder City, Mesquite and Laughlin.
Clark County is served by I-15, I-515, I-215, US-93/95, State Routes 157, 159 and 160 and County Route 215. By car, one can get to Los Angeles in 4 hours, Phoenix in 5 hours, Salt Lake City in 6 hours and Reno in 8 hours. Clark County is also served by the Union Pacific Rail Road.
McCarran International Airport was ranked the 24th busiest airport in the world in 2012, with 41,667,596 enplaned/deplaned passengers. McCarran’s maximum capacity is estimated at 53 million passengers, and is projected to reach capacity in 2017.
Clark County has become a popular place to locate a business due to its strategic location in the Southwest U.S., its right-to work legislation and its light tax burden. The state of Nevada does not have a corporate income tax, personal income tax, franchise tax on income,
inheritance or gift tax, admissions tax, unitary tax or estate tax. It also has competitive sales and property tax rates and a minimal employer payroll tax. Clark County’s economy is dominated by the leisure and hospitality sector, which employs 273,000 people. The ten largest employers are the Clark County School District, Bellagio LLC, Wynn Las Vegas LLC, Clark County, MGM Grand Hotel/ Casino, Mandalay Bay Resort and Casino, The Mirage Casino-Hotel, The University of Nevada-Las Vegas, Las Vegas Metropolitan Police Department and the Rio Suite Hotel & Casino.
Clark County abounds in major residential developments. The largest development is Summerlin, which began in 1990. Summerlin consists of 22,500 acres and 30,000 units. Other large developments include MacDonald Highlands, Mountain’s Edge, Anthem, Lake Las Vegas and Southern Highlands. In recent years, several residential high-rises have been developed, including Turnberry Place, Manhattan, Mantova and Metropolis.
Las Vegas Market Overview BUSINESS FACTS*
Total Employees (2015) 1,056,318
Total Establishments (2015) 84,782
Taxable Sales (2015)** $38,561,567,781
INDUSTRIES BY EMPLOYEES*
Art, Entertainment, Recreation 173,177
Retail Trade 126,303
Healthcare 110,499
Professional, Scientific, Tech 60,432
Construction 52,180
Management, Administration 50,477
Government 47,509
Education 45,151
Real Estate 39,617
Transportation & Warehousing 31,869
Wholesale Trade 28,071
Manufacturing 22,801
Information 21,700
Utilities 4,022
Agriculture & Natural Resources 450
Resource Extraction 285
VISITOR STATISTICS (2015)**
Visitor Volume 42,312,216
Convention Attendance 5,710,303
Gaming Revenue $9,616,463,075
BUSINESS PARKS (SIZE IN SQ. FT.)
Hughes Airport Center 2,974,000
Beltway Business Park 2,823,000
Golden Triangle 2,537,000
Dermody Business Center 2,132,000
Las Vegas Technology Park 1,975,000
Black Mountain Industrial Center 1,746,000
Speedway Commerce Center 1,611,000
Logisticenter 1,560,000
ProLogis Business Park 1,547,000
Hughes Center 1,398,000
McCarran Center 1,197,000
Arrowhead Commerce Center 1,124,000
The Spectrum of Las Vegas 1,063,000
Green Valley Corporate Center 926,000
Conestoga Industrial Area 840,000
The Arroyo (EJM) 743,000
Green Valley Corp. Center South 799,000
Henderson Exec. Airport Center 776,000
Black Mountain Business Park 640,000
Traverse Point Center 570,000
Hughes Cheyenne Center 505,000
* Source: Claritas ** Source: Nevada Dept. of Taxation *** Source: Las Vegas Convention & Visitors Authority
3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169
T+1 702 735 5700F +1 702 731 5709
www.colliers.com/lasvegas
STACY SCHEER, CCIM+1 702 836 3762 [email protected]
GRANT TRAUB+1 702 836 3789 [email protected]
CHRIS CONNELL+1 702 836 3709 [email protected]
PREPARED BY:
±41,676 SF VALUE-ADD THREE-STORY CLASS “B” MEDICAL OFFICE BUILDING ON ±0.70 ACRES 98 E. LAKE MEAD PARKWAY :: HENDERSON, NV 89015
FOR SALE