For Auction
Asset Snapshot
Offering Summary
RealINSIGHT Marketplace and Newmark Grubb Knight Frank are pleased to present the opportunity to acquire the Valley View Business Center (hereafter the “Property”, “Project”); Class A industrial/flex building located at 6555 South Valley View Blvd in Las Vegas, NV. The Property totals 72,580 rentable square feet and is located in the Valley View Business Center, which is populated with commercial and light industrial properties. The subject property was built in 2006 on 3.78 acres of land and offers a parking ratio of 3.03 stalls per 1,000 square feet. The property is centrally located in the southwest Las Vegas submarket with great access to Interstate 15, Interstate 215, McCarran International Airport and the Las Vegas Strip.
As of February 2017, the Property was 94.7% occupied by three tenants with an average remaining lease term of 2.10 years and in-place rents well-below market offering investors the opportunity to push rents at lease expiration. The Property is partitioned into four separate spaces featuring three loading docks, 29’ clear heights, 12’ x 16’ grade level doors and ample surface parking.
Formal tours will be conducted on May 9th and 10th from 10:00 AM – 12:00 PM. Please contact the Broker for scheduling.
Auctioneer: Michael Carr
Internet Auctions Exempt
Due Diligence
Cooperating Broker Fee
Eligible brokers may receive a 0.50% fee when representing the winning bidder.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
