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2850 S Jones Blvd
Las Vegas, NV 89146 Spring Valley

$950,000 USD

Office Condo For Sale  •  2,479 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 6.48 %
  • Tenancy Multiple
30 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 2 Office 2,479 SF $950,000 USD
  • Unit Size: 2,479 SF
  • Condo Use: Office
  • Price: $950,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $383.22 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.

Owner occupiers welcome - current tenant can vacate the property with a 90 day notice given by the purchaser. 

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: 6.48 %

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