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2850 S Jones Blvd
Las Vegas, NV 89146 Spring Valley

$1,099,000 USD

Office Condo For Sale  •  1,500 SF

Property Details

  • Property Type Office
  • Total Building Size 2,479 SF
  • Lot Size 0.12 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 5.60 %
  • Tenancy Multiple
30 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 2 Office 1,500 SF $1,099,000 USD
  • Unit Size: 1,500 SF
  • Condo Use: Office
  • Price: $1,099,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $732.67 USD
Description
This property features 7 Private offices, 1 conference room, bullpen, kitchenette and storage room and 2 bathrooms. 

Parking: 5 covered assigned stalls.

Sale Notes
Office Condominium at 2850 S.? Jones Blvd, Las Vegas, NV 89146
Presenting this lucrative investment opportunity in the heart of Las Vegas! This single-tenant office condominium offers a long-term NNN lease structure with built-in annual rent increases, ensuring a strong return on investment.?  Tenant manages a chain of  8 restaurants across 5 states. They have been leasing at this location for over 5 years.

Situated in the established Spring Valley submarket of Las Vegas, the property boasts high daytime population and positive growth trends, ensuring sustained tenant demand.? Benefit from a prime location along South Jones Boulevard, surrounded by strong residential density, nearby employment centers, and major transportation corridors for convenience.? Ideal for an 1031 buyer seeking a secure income stream, this office condominium with two renewal options is a prime asset in a thriving commercial hub.?

Current User can vacate the property with a 90 day notice if the buyer wants to owner-occupy the suite.

Property Flyers

Cap Rate: 5.60 %

Major Tenants

Tenant SF Occupied Lease End Date
1 Stop Auto LLC
Nyberg & Associates
One Degree World
Red Rock Family Clinic
Schwartzer & McPherson Law

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage

Public Transportation

AirportDriveWalkDistance
Harry Reid International 16 min - 8.0 mi
Boulder City Municipal 43 min - 29.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Dertrez Pressley 702-490-9090 Sphere Real Estate
Dertrez Pressley 702-490-9090 Sphere Real Estate