2075 Palm St & 3259 Palm Pkwy

Investment Overview

Just minutes from Downtown Las Vegas and set inside a designated Opportunity Zone, 2075 Palm St & 3259 Palm Pkwy offers investors a well-occupied three building industrial portfolio with built-in growth. The ±32,200 SF property spans three buildings on ±2.23 acres and is 94% leased to 13 tenants. Most are long-standing automotive and auto body operators who rely on the site's IL zoning, fenced and secured yard, and durable poured-concrete parking. A Dotty's bar and gaming location operated by Nevada Restaurant Services rounds out the rent roll. The property generates an estimated $430,430 in gross annual income and $293,914 in current NOI. Eleven of the 15 leases have scheduled rent increases, with terms running into 2029. Additional upside comes from a vacant 1,800 SF owner office, available for lease-up or an owner-user, and from three month-to-month spaces ready to be brought to market rent. With fire-sprinklered buildings, low near-term capital needs and quick access to I-11 and I-15, this is a rare chance to own a stabilized, income-producing asset in Central Las Vegas. Offered at $6,500,000 ($202/SF).

Investment Highlights

• •94% leased to 13 tenants across 18 units in 3 buildings
• • ±32,200 SF on ±2.23 acres (2 parcels); suites from ±900 SF to ±3,800 SF
• • Zoned IL (Industrial Light), ideal for automotive, contractor
• and service users
• • Fire-sprinklered buildings
• • Fenced and secured yard
• • Poured-concrete parking lots throughout, far more durable and lower-maintenance than asphalt
• • Estimated gross annual income of $430,430 and NOI of
• $293,914
• • 11 of 15 leases carry scheduled rent increases, with terms extending into 2029
• • 1,800 SF owner office delivered vacant: lease-up or
• owner-user opportunity
• • Opportunity Zone location minutes from Downtown Las Vegas, I-11 and I-15