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197 E California St

Las Vegas, NV 89104

$5,999,900

Office For Sale  •  15,135 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 15,135 Sq Ft
  • Lot Size 0.34 ac
  • Building Class B
  • Year Built 2016
  • Cap Rate 7.47 %
  • Tenancy Multiple
  • Zoning C-1
65 Transit Score
79 Walk Score

Description

This offering is located in the Arts District of Downtown Las Vegas. The building is also within an Opportunity Zone. The asset is being offered at a 7.5% cap rate and lease escalations are likely to result in improved NOI. The project is fully leased to a variety of tenants including food and beverage and professional office users. While all spaces are leased, not all tenants have occupied. The building interiors are built with high specifications and suites are appropriately sized for the submarket. Second and third floor tenants enjoy expansive views of Downtown and the Las Vegas Strip.

Highlights

Fully Leased
Located near major projects and in a popular district
Convenient location near the I-15

Property Flyers

Cap Rate: 7.47 %

Amenities

  • Signage
  • Air Conditioning
  • Natural Light
  • Plug & Play
  • Reception
  • Recessed Lighting
  • Drop Ceiling

Public Transportation

AirportDriveWalkDistance
McCarran International Airport 11 min - 10.8 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Lance Hamrick 702-279-9666 Coldwell Banker Premier
Lance Hamrick 702-279-9666 Coldwell Banker Premier