The Pueblo Building

Investment Overview

Medical building built-out with two dental offices, fully occupied on large lot with cell tower for additional revenue.

Area Overview

2458 E Russell Road is a well-maintained medical office building strategically located in the highly accessible East Russell corridor of Las Vegas, minutes from the airport, Sunset Park, and key commercial arterials. The property is 100% occupied, featuring two fully built-out dental suites designed to modern medical standards.

Each suite provides functional layouts with operatory rooms, private offices, reception areas, and upgraded finishes ideal for dental, orthodontic, or other medical users. The building benefits from strong visibility and signage along Russell Road and convenient on-site parking.

In addition to stable tenancy, the property includes an income-producing cell tower with potential for a separate ground lease sale, offering additional flexibility and upside for investors. With below-market rents and steady occupancy, this asset presents an excellent opportunity for investors seeking long-term value in the radiply expanding Las Vegas market.

Highlights

• Asset Type: Two-tenant medical office building on large 0.92 acre lot
• Occupancy: 100% (two dental tenants with long-term leases)
• Rent Roll Upside: Current leases are below market, providing immediate potential for increased NOI upon renewal or turnover
• Suite Details: Fully built-out dental offices with operatories, reception, and administrative space
• Tenant Stability: Leases recently renewed with 3-year terms and renewal options
• Location Advantage: Prime Russell Road frontage with quick access to I-215, McCarran/Harry Reid International Airport, and Henderson submarkets
• Parking: Ample on-site surface parking for staff and patients
• Additional Income: Existing cell tower lease offers diversified income or optional ground lease sale for added liquidity
• Ownership Type: Fee simple interest held by private trust