FOR SALE OR LEASE RUSSELL COMMERCIAL CENTER 5050 East Russell Road :: Las Vegas, NV 89122

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1 FOR SALE OR LEASE RUSSELL COMMERCIAL CENTER

2 HUALAPAI WAY FORT APACHE ROAD VE S RAINBOW BLVD N JONES BLVD N DECATUR BLVD S DECATUR BLVD STREET MARTIN LUTHER KING JR BLVD 5TH STREET INSPIRADA N EASTERN AVE S PECOS ROAD N HOLLYWOOD BLVD RUSSELL COMMERCIAL CENTER KYLE CANYON GATEWAY SPRING MOUNTAIN SILVERSTONE IRON MOUNTAIN PARK HIGHLANDS PROVIDENCE ELKHORN SPRINGS ALIANTE EL DORADO MOTOR SPEEDWAY FOR SALE- $4.5 MILLION FOR LEASE- $1.30 PSF, NNN PROPERTY DETAILS LOCATION: 5050 East Russell Road Las Vegas, NV APN: BUILDING SIZE: ±24,034 SF ACREAGE: ±2.11 LAND AREA SQUARE FOOTAGE: 91,912 YEAR BUILT: 1998 SITE COVERAGE: 26% NUMBER OF BUILDINGS: One (1) ZONING: C2 (General Commercial) CURRENT OCCUPANCY: Vacant CLEARANCE: 24 Minimum PARKING: 4.24/1000 PARKING SPACES: 102 COVERED PARKING SPACES: 12 ROOF TYPE: Built-Up Roof System GRADE LEVEL LOADING DOORS: Eight (8) Doors (±9 x11 ) NATURAL GAS: Yes POWER: 3-Phase Power FIRE SPRINKLERS: Yes BUS LINE: Yes 215 CLIFF SHADOWS DRIVE SUMMERLIN RED ROCK BEAR S BEST HIGHLAND FALLS EAGLE CREST SUNRISE COLONY TOWN CENTER DRIVE W CHEYENNE AVENUE 160 W LONE MOUNTAIN ROAD W ALEXANDER ROAD SUN CITY SIENA TPC AT CANYONS BADLANDS PECCOLE SOUTHERN HILLS HOSPITAL W WARM SPRINGS ROAD RHODES W DESERT INN ROAD S F DURANGO HILLS PALM TPC AT SUMMERLIN THE LAKES ANGEL PARK CANYON GATE FLAMINGO ROAD 147 TROPICANA AVENUE W ARBY AVE S DURANGO DRIVE PAINTED DESERT DESERT SHORES SUMMERLIN PARKWAY WESTCLIFF DRIVE W CHARLESTON BLVD CCSN CHARLESTON CAMPUS 5 W SAHARA AVE 215 ST. ROSE SAN MARTIN HOSPITAL WINDMILL LN W WIGWAM AVE BUFFALO DRIVE BUFFALO DRIVE BUFFALO DRIVE BLUE DIAMOND ROAD SPRING SPANISH TRAIL NEVADA TRAILS 5 W SUNSET ROAD S RAINBOW BLVD N RAINBOW BLVD HACIENDA AVE SPRING HOSPITAL 599 SMOKE ROAD W LAKE MEAD BLVD W WASHINGTON DRIVE ALTA DRIVE VEGAS DRIVE W RUSSELL ROAD CORONADO LOS PRADOS O ALTA MIRA UNION PACIFIC RR CRAIG ROAD SPRING MOUNTAIN RD NORTH NORTH AIRPORT N O DR MUNICIPAL VIEW ROAD VIEW ROAD UNIVERSITY MEDICAL CENTER DEAN MARTIN DR BALI HAI TOWN SQUARE O DEL NORTE 147 TROPICANA AVENUE SOUTH BLVD INDUSTRIAL ROAD WARM SPRINGS ROAD WINDMILL LANE THE STRIP WYNN PARADISE RD NORTE BERMUDA R MC CARRAN INT L AIRPORT E SAHARA AVE E PEBBLE ROAD MARYLAND PARKWAY E ST LOUIS AVE MARYLAN LOSEE RD. N BRUCE ST DESERT SPRINGS HOSPITAL FLAMINGO ROAD E EVANS AVE 607 S EASTERN AVENUE CCSN CHEYENNE CAMPUS E CHEYENNE AVENUE CC UNLV BOULEVARD MALL SHADOW CREEK FREMONT ST E RUSSELL ROAD SUNSET PARK 215 BELMONT ST SOUTHFORK 15 PECOS ROAD E DESERT INN ROAD S SANDHILL ROAD N BLVD E CAREY AVE E LAKE MEAD BLVD DESERT PINES GREEN CRAIG ROAD E SUNSET ROAD GREE LAMB BLVD WILDHORSE UPRR LEGACY 612 VALLE VERDE DR NELLIS BLVD E OWENS AVENUE E WASHINGTON AVE DESERT ROSE 582 N ARROYO GRANDE BLVD E BONANZA ROAD WHITNEY NELLIS AFB SUNRISE VISTA STEWART AVENUE E CHARLESTON BLVD ROYAL LINKS VEGAS DRIVE STALLION MOUNTAIN BOULDER HWY N STEPHANIE STREET AMERICAN PACIFIC DR ORIZON RIDGE PKWY 93 E LAKE MEAD BLVD S HOLLYWOOD BLVD GIBSON Rd. 515 BROADBENT BLVD N LOS FELIIZ ST EAST E SUNSET ROAD EASTGATE RD NELLIS AF BLAC MOUNT CANYON MACDONALD HIGHLANDS SEVEN HILLS RIO SECCO The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its DEL accuracy, WEBB S we do not guarantee it. All ANTHEM MOUNTAIN S EDGE SOUTHERN HIGHLANDS SILVERADO HENDERSON EXECUTIVE AIRPORT SUNRIDGE REVERE DEL WEBB SUN CITY WEST ANTHEM DRAGON RIDGE MACDONALD

3 RUSSELL COMMERCIAL CENTER A UNIQUE COMMERCIAL CENTER WITH SUPERIOR EXPOSURE, SECURED YARD, AND EXCELLENT ACCESS TO THE I- FREEWAY

4 RUSSELL COMMERCIAL CENTER PROPERTY OVERVIEW A UNIQUE COMMERCIAL CENTER AND FORMER VOLVO DEALERSHIP WITH AMPLE REPAIR BAYS, SALES OFFICES, AND PARKING/YARD LOCATED IN, NEVADA. THE RUSSELL COMMERCIAL CENTER IS LOCATED AT 5050 E. RUSSELL RD. THE BUILDING IS VERY WELL LOCATED IN THE EAST SUBMARKET OF SOUTHERN NEVADA. It is well designed for a boutique automotive sales/service facility, and was the former home of Volvo. The close proximity to the newly announced and recently developed Henderson Hospital ( it is also highly functional to a variety of other users as well. It is situated on 2.11 acres which provides ample onsite parking, trucking access, and excellent ingress and egress to the property. The building is in very good condition, and has been improved on the interior by the existing tenant. Its location near HWY, Union village, McCarran International Airport, and its proximity to interstate 215 are major attractions that add unique value. PROPERTY HIGHLIGHTS The Property is located less than 10 minutes from McCarran International Airport, the 8th busiest airport in the world and is 0.75 miles from the freeway access ramp, 2.5 miles from the Union Village, the Galleria Mall, and 3.5 miles from the Henderson Auto Show Mall, three important employers and demand drivers for Las Vegas retail space. The Union Village endeavor is to develop and build an Integrated Health Village as a model of state-of-the art technology and environmental sustainability featuring a world-class healthcare center integrated into retail, entertainment and cultural centers as well as smart senior and residential communities to produce 17,000 (direct, indirect and construction) jobs and a dynamic economic engine generating nearly $10 billion in tax revenues over 25 years. Its location provides easy access and serviceability to all parts of the Las Vegas Valley and good accessibility to customers and employees. Frontage 633 feet of Freeway and 665 feet off Russell Rd. The Property is conveniently located near multiple amenities, including shopping, financial services, restaurants, and easily accessible to Hover Dam. Project is highly visible, with frontage on Russell Rd, a major east/ west Las Vegas arterial with a current traffic count of 110,000 cars per day ( and Russell). Eight (8) Grade Level Loading Doors

5 RUSSELL COMMERCIAL CENTER AMENITIES MAP 8 AY HW 5 6 Subject 7 IG RH E ULD BO 2 RUS SEL L RO AD SUNSET ROAD Smartstop Self Storage Safeguard Mini Storage Cal s Boat & RV Extra Space Storage U-Haul Nevada Power Company Union Village Cowabunga Bay Water Park Galleria Mall Sunset Station Hotel & Casino Henderson Auto Mall

6 RUSSELL COMMERCIAL CENTER DEMAND DRIVERS Southwest USA Distribution Hub. Las Vegas is a key distribution hub for much of the southwest United States, offering overnight transportation service to Los Angeles, San Francisco, Reno, Salt Lake City and Phoenix. The CanaMex Corridor (north-south trade route between Canada and Mexico) runs through Las Vegas and the Governor signed a Bilateral Trade Agreement with Mexico in June of this year. HISTORICAL VACANCY RATES VS. ASKING LEASE RATES 14.0% 13.0% 12.0% $0.58 $0.56 $0.54 Cheap Labor. Many companies are moving their operations to Las Vegas due to the abundance of qualified labor and low hourly wages. Current statistics from the Bureau of Labor Statistics show the Las Vegas SMSA has an average hourly wage of $ This is 10% below the national average wage of $22.01 per hour. Low Taxes. Nevada is consistently ranked as one of the top 3 most tax friendly states. Additionally, Nevada was recently ranked as the second best state to start a small business. Nevada s tax advantages make it very appealing to businesses of all sizes. The Governor s Las Vegas Global Economic Alliance (LVGEA) provides attractive businesses incentives, training grants, location advice and staffing assistance. 11.0% 10.0% 9.0% 8.0% 7.0% 4 Q Q Q Q Q Q Q Q Q 2015 $0.52 $0.50 $0.48 $0.46 $0.44 Inexpensive Housing. Las Vegas offers some of the most affordable housing in the western United States, with an average home price of $167,000, which is well below the western US average of $276,400. Earlier this year, Trulia.com ranked Las Vegas as the No. 1 most undervalued real estate market in the country. The average price for a condominium or townhome in Las Vegas is also well below the average at $80,150. Lifestyle Amenities. The Las Vegas Strip is home to some of the best entertainment, dining and shopping in the world. The surrounding valley also offers many other attractions such as hiking at the Red Rock National Conservation Area, skiing at Mt. Charleston, boating at the Lake Mead National Recreation Area or watching a Broadway play at the Smith Center for Performing Arts. Las Vegas has over 25 golf courses and features two of the top courses in the United States, Shadow Creek and The Wynn. The Las Vegas Motor Speedway is home to several NASCAR races every year. Vacancy Asking Rental Rate Nations Most Connected City. Las Vegas is known as the Nation s most wired city and the first major western metro city with an all-digital switching network. It will soon become only the 2nd city in the US to receive Century Link s ultra-fast broadband technology. This 1-gigabit per second service, combined with the existing Downtown Project and Switch Data Centers should prove to be very attractive to technology companies moving to Las Vegas. Gaming Capital of the World. Las Vegas remains the gaming mecca of the world and to be a gaming player, is a fundamental location. While Las Vegas based WYNN and LVS are migrating east (to Macau), eastern gaming companies (Genting) are moving west.

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