Pads Available for Ground Lease or Build-To-Suit 215 Beltway Exposure

Transcription

1 Pads Available for Ground Lease or Build-To-Suit 25 Beltway Exposure 6605 Grand Montecito Parkway, Las Vegas, Nevada 8949 Sun Commercial Real Estate, Inc.

2 Contact Team Anders Graciano Senior Associate Cathy Jones, CPA, SIOR, CCIM CEO Jessica Cegavske Vice President Paul Miachika Executive Vice President Roy Fritz Senior Vice President Taylor Vasquez Associate Exclusively listed by: Sun Commercial Real Estate, Inc.: 640 Brent Thurman Way, Suite 40, Las Vegas, Nevada Ph Fax 2 of 5

3 Property Highlights LEASING SUMMARY Leasing Rate: $20,000/NNN annually per pad Build-To-Suit: TBD Based on Requirement Available Pads: Two (2) ±4,000 SF pad sites APN: Frontage: along W. Rome Boulevard Zoning: Town Center (TC) LEASING HIGHLIGHTS Located on Grand Montecito Parkway Visible from the 25 Beltway Just north of 25 and west of U.S. 95 Two ± 4,000 square foot pad sites Perfect for medical office, office or retail Adjacent to New Centennial Healthcare Facility Adjacent to Kohls anchored retail hub.7 miles from Centennial Hills Hospital Utility Info: Water - 8 line in Rome Boulevard Gas - 2 line in Riley Street at Rome Boulevard Power: 2000 KVA at site ** Please call listing broker regarding availability and pricing Jessica Cegavske: / Anders: of 5

4 Property Photo 4 of 5

5 Aerial Centennial Hills Hospital ±2,000 CPD Centennial Hills Park ± 4 Acres Proposed Nursing Home Facility Subject Property Future City of Las Vegas Development ±65,000 CPD Proposed -4 Auto Dealerships ± 37 Acres Future Retail Development Water District Future City NW Career of Las Vegas & Technical Development Academy 5 of 5

6 Conceptual Site Plan architecture + interiors MONTECITO POINT WEST SURFACE PARKING LOT SITE PLAN MONTECITO POINT WEST ROME BOULEVARD LAS VEGAS, NEVADA 8949 SITE PLAN BROOKSIDE BOOK 9, PAGE 6 (NOT A PART) BROOKSIDE BOOK 9, PAGE 6 (NOT A PART) WEST SURFACE PARKING LOT architecture + interiors SEAL SEAL REVISIONS: NO. DATE / COMMENTS REVISIONS: NO. DATE / COMMENTS BY DATE: DRAWN BY: PROJECT NO. CHECKED BY: SHEET NUMBER DATE: DRAWN BY: PROJECT NO. CHECKED BY: SHEET NUMBER 6 of 5

7 Conceptual Site Plan WITHOUT DRIVE THRU Concept 2A Concept 2B 7 of 5

8 Assessor Parcel Map NOTES 83 This map is for assessment use only and does NOT represent a survey PARCEL Michele BOUNDARY W. Shafe CONDOMINIUM - Assessor UNIT 00 ROAD PARCEL NUMBER No liability is assumed for the accuracy of the data deliniated herein. SUB BOUNDARY AIR SPACE PCL 00 PARCEL NUMER Information on roads and other non-assessed parcels may be obtained PARCEL PM/LD BOUNDARY CONDOMINIUM UNIT ROAD PARCEL NUMBER.00 ACREAGE SUB ROAD BOUNDARY RIGHT OF WAY PCL EASEMENT from the Road Document Listing in the Assessor's Office. AIR SPACE PCL 00 PARCEL NUMER PM/LD MATCH BOUNDARY / LEADER LINE SUB-SURFACE PCL 202 PARCEL SUB/SEQ NUMBER RIGHT OF WAY PCL.00 ACREAGE ROAD EASEMENT HISTORIC LOT LINE PB PLAT RECORDING NUMBER This map is compiled from official records, including surveys and deeds, MATCH / LEADER LINE SUB-SURFACE PCL 202 PARCEL SUB/SEQ NUMBER but only contains the information required for assessment. See the HISTORIC SUB BOUNDARY BLOCK NUMBER HISTORIC LOT LINE PB PLAT RECORDING NUMBER 8 4 recorded documents for more detailed legal information. HISTORIC PM/LD BOUNDARY 5 LOT NUMBER HISTORIC SUB BOUNDARY SECTION LINE BLOCK NUMBER USE THIS 200 SCALE(FEET) WHEN MAP 400 REDUCED FROM X7600 ORIGINAL GL5 GOV. LOT NUMBER Rev: HISTORIC PM/LD BOUNDARY 5 LOT NUMBER SECTION LINE Scale: " = 200' /27/ GL5 GOV. LOT NUMBER Rev: L PT L PT ROME BLVD PT R= ROME R=5 BLVD PT R= R= R= PB 3-38 R=25MONTECITO TOWN PB LD 8-80 MONTECITO CENTER TOWN 026 SOUTH EL CAPITAN WAY 40 > R=54 DURANGO DR R=24.2 R= PT PT PT PT PT PT PT PT R= R= PM GRAND MONTECITO PKWY R=25 R= VAC 20029:490 VAC 20029: R=5 R= R=25 R= PT PT PT PT 4 4 MAP LEGEND ASSESSOR'S Michele PARCELS W. Shafe - CLARK - Assessor CO., NV. LD LD LD PT PT DARLING DARLING RD RD R=5 R= RILEY ST VAC :2 VAC :2 VAC : PB AZ GRAND MONTECITO PKWY R=25 R=25 R=25 R=25 R= CENTENNIAL PKWY PKWY VAC : RILEY ST R=5 R= R= R= CENTER SOUTH PB LD LD LD LD R=8200 R= BOOK AZORELLA CT BOOK SEC. T9S R60E 20 S 2 SE SEC PM PM MAP MAP GRAND MONTECITO PKWY R= LD LD R= PT PT PT 0.09 PT R= R=54 GRAND MONTECITO PKWY > R= GRAND MONTECITO PKWY > R= TAX DIST TAX DIST R= 4 8 of 5 4

9 Las Vegas Valley Location Map 9 of 5

10 Las Vegas Office & Northwest Las Vegas Submarket Review Class A Market Statistics First Quarter 208 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas 7,35,58 295, , % (5,773) 0 0 $. Central North Las Vegas 2 273,958 2,620 2, % $27.00 Downtown Las Vegas 0,79,889 20,09 22,434.9% 39,5 0 0 $3.6 North Las Vegas % $0.00 Northwest Las Vegas 9 2,076,69 4,033 4, % 34, $24.47 Outlying NE Clark County % $0.00 Outlying S Clark County % $0.00 SE Las Vegas/Henderson 3 296,443 46,40 46, % $25.65 South Las Vegas 24,788,936,064, % 0, $27.05 Southwest Las Vegas 28 3,453,60 8,644 23, % 33,292 52,000 75,000 $22.8 West Las Vegas 7 683,86 0,099 0,099 6.% (6,989) 0 44,574 $37.43 Totals 00,679,970,47,7,48, % 339,646 52,000 29,574 $27.9 Class B Market Statistics First Quarter 208 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas 78 5,9,5,002,398,020, % 94, ,46 $8.37 Central North Las Vegas 49,422,806 93,299 93, % (2,946) 0 0 $20.84 Downtown Las Vegas 65 2,634,847 2,243 4, % 2, $23.0 North Las Vegas 5 2,0, ,4 260,4 2.7% 8, $4.26 Northwest Las Vegas 358 7,,299,023,329,03,888 4.% (75,4) 0 0 $7.46 Outlying NE Clark County 32 26,028 64,209 64, % (3,000) 0 0 $.33 Outlying S Clark County 4 44, % $0.00 SE Las Vegas/Henderson 83,90, 97,922 97, % 9, ,000 $4.6 South Las Vegas 532 9,777,26,28,96,297, % (33,822) 60,000 9,946 $7.79 Southwest Las Vegas 8 8,033,872 97,20 9,802.6% 35,409 54,6 62,646 $9.77 West Las Vegas 398 6,429, ,39 88,33 3.7% 83,68 0 6,665 $4.92 Totals 2,358 44,345,97 5,642,734 5,892, % 38,534 4,6 84,403 $7.80 Class C Market Statistics First Quarter 208 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas 473 2,782, ,55 354,55 2.7% (48,283) 0 0 $.3 Central North Las Vegas ,242 34,749 34, % 3, $5.84 Downtown Las Vegas ,092 03,00 03,00.% 5, $7.26 North Las Vegas ,78 67,855 67, % (9,234) 0 0 $5.02 Northwest Las Vegas ,42 24,44 25,44 2.8% (9,707) 0 0 $4.04 Outlying NE Clark County 9 79,35 6,853 6, % $.64 Outlying S Clark County 20 2, % $3.80 SE Las Vegas/Henderson ,7 32,84 32,84 6.6% 8, $0.89 South Las Vegas 208,39,87 36,57 36,57 3.2% 33, $2.6 Southwest Las Vegas ,97,426, % 4, $2.9 West Las Vegas 45 8,386 52,899 52, % 8, $2.0 Totals,566 8,735,0 724,3 725,3 8.3% (3,742) 0 0 $2.77 Total Office Market Statistics First Quarter 208 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas 658 9,289,220,652,5,670, % (6,002) 0 6,46 $20.02 Central North Las Vegas 4 2,355,006 40,668 40, %, $20.80 Downtown Las Vegas 326 5,35, ,353 4,03 8.0% 56, $26.24 North Las Vegas 20 2,496, , ,969 3.% (82) 0 0 $4.29 Northwest Las Vegas 554 0,,889,497,803,7, % (,079) 0 0 $9.24 Outlying NE Clark County 5 340,63 7,062 7, % (3,000) 0 0 $.46 Outlying S Clark County 24 56, % $3.80 SE Las Vegas/Henderson 58,982, , , % 28, ,000 $8.8 South Las Vegas 764 2,706,04,429,82,464,797.5% 9,765 60,000 9,946 $8.57 Southwest Las Vegas 588,847,670,00,90,065, % 452, ,6 37,646 $20.24 West Las Vegas 5 7,924, ,37,044,3 3.2% 85, ,239 $8.70 Totals 4,024 64,760,97 7,784,39 8,099, % 474, ,6 403,977 $9.56 Deliveries, Absorption & Vacancy Millions SF Vacant Space Historical Analysis, All Classes Millions SF (0.0) (0.00) (0.) (0.200) Historical Analysis, All Classes 205 q 205 2q 205 3q 205 4q 206 q 206 2q 206 3q 206 4q 207 q 207 2q 207 3q 207 4q 208 q Direct SF Delivered SF Absorption SF Vacancy Sublet SF 207 q 207 3q 208 q Quoted Rental Rates Historical Analysis, All Classes Existing Inventory Vacancy Net Delivered Inventory UC Inventory Quoted Period # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates 208 q 554 0,,889,7, % (,079) $ q 554 0,,889,357, % 28,7 2 5, $ q 552 0,295,226,622,79 5.8% 8, ,663 $ q 55 0,290,335,698, % 38, , ,554 $ q 549 0,280,377,727, % 09,478 57, ,52 $ q 548 0,222,4,779, % 57, ,478 $ q 548 0,09,795,723, % 6, ,709 $ q 548 0,09,795,729,94 7.% (4,924) ,709 $ q 548 0,09,795,74, % (7,563) 5, ,709 $ q 547 0,04,795,538, % 59, , ,709 $ q 545 0,085,462,578, % 93,32 0, ,042 $ q 544 0,075,462,662, % (66,327) 5, ,042 $ q 543 0,069,789,590, % (95,38) ,75 $ q 543 0,069,789,494, % 87, ,83 $ q 543 0,069,789,682,26 6.7% 46, ,83 $ q 542 0,064,790,823,55 8.% 88, ,82 $20.82 Dollars/SF/Year $2.00 $20. $20.00 $9. $9.00 $ % 8.0% 6.0% 4.0% 2.0% 0.0% 8.0% 6.0% 4.0% 2.0% 0.0% 207 q 207 3q 208 q Percent Vacant 0 of 5

11 Las Vegas Valley Overview $3.6 Billion in New Capital Investment is Driving Growth Resorts World Las Vegas - $4.0 Billion 2. Las Vegas Stadium - $.9 Billion $4 billion Strip resort project with a heavy Asian theme began construction in 207. Resorts World, developed by the Genting Group, is being built at the former site of the Stardust and Echelon. Genting, which bought the site from Boyd in 203 for $3 million, will be using the partially constructed Echelon structures for this property. With a projected opening set for 2020, the initial phase will have 3,00 rooms, a 00,000-square-foot casino, shops and restaurants spread across its 88-acre site. The Oakland Raiders will move to Las Vegas for the 2020 NFL season. The groundbreaking ceremony took place in November 207 for a new $.9 billion stadium just west of the Strip. The venue s horse-shoe shape, designed by Manica Architecture, would accommodate 65,000 spectators, 8,000 cars, tailgating amenities and mixed-use commercial facilities. The design shows a retractable natural turf field. This venue would also allow Las Vegas to host the annual Super Bowl. of 5

12 Las Vegas Valley Overview 3. Wynn Paradise Park - $.5 Billion 4. Convention Center Expansion - $.4 Billion Wynn Resorts Ltd. is building its third hotel behind its two Las Vegas casinos, an ambitious Carnivale themed project called Wynn Paradise. The $.5 billion resort will take the place of the golf course and feature,0 rooms around a 38-acre lagoon, a small casino, restaurants and nightclubs. The lake will have a white sandy beach, a boardwalk, water skiing, paddle boating, zip lines/gondola, and nightly fireworks. Heavy duty construction should begin by spring 208 with a 2020 debut. 5. Union Village - $.2 Billion Las Vegas Convention Center will be renovated and expanded into a $.4 billion Las Vegas Global Business District. Planned in four phases, new facilities will replace the 26-acre Riviera Hotel site, adding ±.4 million square-feet of exhibit and meeting space. Phase Two of the project is projected to be completed in Expected to draw an additional 600,000 visitors a year, drive $2. billion in economic activity during construction and have an annual economic impact of $80 million when finished. 6. Switch - $ Billion Union Village will be the first Integrated Health Village in the world, and is listed as the largest healthcare building project in the United States. The $.2 billion dollar, 55-acre planned development not only covers healthcare, but retail, entertainment, and housing and senior living as well. Approximately 355,000 square feet have been completed, totaling $0 million in work, with another 476,000 square feet to be under construction soon. Switch is a globally recognized leader in future-proof data center design, superscale cloud, unparalleled telecom gateways and energy sustainability. Its Southern Nevada expansion includes a $ billion data storage site on 200 acres near its two existing data storage facilities at South Jones Boulevard and the 25 Beltway. Idea to link million people within 4 milliseconds of data hosted at each of the company s data hubs via a superloop of fiber optic cable connecting its Reno and Las Vegas supernaps sites, with a planned facilities in LA and SF. 2 of 5

13 Las Vegas Valley Overview 7. Project Neon - $ Billion 8. Extreme Sports Park - $800 Million Project Neon is the largest public works project in Nevada history. $ billion effort to redesign and widen Interstate 5 from the U.S. Highway 95 interchange to Sahara Avenue by July 209. Currently this road is the busiest stretch of highway in Nevada with 0,000 vehicles daily. Traffic through the corridor is expected to double by Palms Renovation - $485 Million Josh Kearney s $800M extreme sports park called The Edge received county approval in acre at the SEC of Las Vegas Boulevard and Sunset Road, adjacent to Town Square Las Vegas, a.2m SF class A open air shopping, dining, office and entertainment center. The Park is expected to have surfing/wake boarding/rock climbing/mountain biking/indoor skydiving/bungee jumping/zip lines and a 5-story, 640 room hotel with a casino, convention space, restaurants and two rooftop pools. Project will take approximately 2.5 years to complete. 0. Park MGM (Former Monte Carlo) - $4 Million Red Rock Resorts will enhance nearly every feature of the resort by investing $485 million in improvements. Plans include redesigned/renovated hotel rooms, 60 new hotel rooms, 29,000 square foot nightclub, new 73,000 square foot pool club, several celebrity chef restaurants, new spa, meeting/convention space, new covered parking spaces, refresh of the Pearl Theater, renovated casino floor, and a new front desk registration area to name a few. First phase underway and the second phase is expected to be completed by early 209. A transformation occurring in Las Vegas is the conversion of the Monte Carlo into two hotels: a 2,700-room luxury resort Park MGM and a 292-room hotel NoMad Las Vegas. This $4 million makeover is projected to be completed by the end of 208. The new resort will feature two hotels, redesigned rooms, an Italian market Eataly with cafes, walk-up counters and dine-in restaurants. The properties will have amenities such as dining and casinos as well as a 5,0-seat theater at the Park MGM. 3 of 5

14 Area Demographics Mile Radius KEY FACTS INCOME,795 Population Average Household Size,795 Population KEY FACTS Median Age $63,322 Median Household Income 33.3 Median Age $63,322 Median Household Income $28,699 Per Capita Income $56,497 Median Net Worth 06,536 Population 2.8 Average Household Size KEY FACTS 3 Mile Radius 35.7 Median Age $76,725 Median Household Income $76,725 Median Household Income INCOME $33,080 Per Capita Income $37,804 Median Net Worth 4,458 Households EDUCATION $53,226 Median Disposable Income ,536 Population KEY FACTS Median Age % No High School Diploma 28% High School Graduate 43% Some College 23% Bachelor's/Grad/Prof Degree HOUSEHOLD INCOME 800,000 6% 37,666 Households EDUCATION $60,865 Median Disposable Income No High School Diploma 26% High School Graduate 38% Some College % Bachelor's/Grad/Prof Degree ,000 4,000 HOUSEHOLD INCOME 6,000 8,000 4 of 5

15 Exclusively listed by Sun Commercial Real Estate, Inc.: Sun Commercial Real Estate, Inc. Anders Graciano Senior Associate Cathy Jones, CPA, SIOR, CCIM CEO Jessica Cegavske Vice President Roy Fritz Senior Vice President Paul Miachika Executive Vice President Taylor Vasquez Associate The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing this analysis does so at their own risk and agrees to hold Sun Commercial Real Estate, Inc., its agents and employees harmless. The presentation of this property is subject to error, omissions change of price or conditions prior to sale, or withdrawal without notice. 640 Brent Thurman Way, Suite 40, Las Vegas, Nevada Ph Fax 5 of 5