MISSION LINEN BUILDING 1001 SOUTH 1ST STREET LAS VEGAS, NEVADA 89101 JEFF MITCHELL, CCIM jmitchell@mtnwest.com direct 702.374.0211 SCOT PRINCE, CCIM sprince@mtnwest.com direct 702.374.0218 MICHAEL PARK park@portfoliocre.com direct 702.235.7300
MISSION LINEN BUILDING 1001 SOUTH 1ST STREET LAS VEGAS, NEVADA 89101 PREPARED BY JEFF MITCHELL, CCIM jmitchell@mtnwest.com direct 702.374.0211 SCOT PRINCE, CCIM sprince@mtnwest.com direct 702.374.0218 MICHAEL PARK park@portfoliocre.com direct 702.235.7300 2
PROPERTY INFORMATION LEASE RATE TOTAL GLA (SF) $1.25 (As-is) $2.25 (Tenant Allowance) 30,226 21,226 SF First Floor 9,000 SF Second Floor TOTAL SIZE (ACRES) 1.13 APN 139-34-401-011 CLEAR HEIGHT (1ST FLOOR) CLEAR HEIGHT (2ND FLOOR) PARKING ZONING Up to 20 Up to 12 67 Dedicated Spaces, On Street Parking Future City Parking Garage in Plan Phase General Commercial (C-2) OPPORTUNITY HIGHLIGHTS Unique Architectural Landmark In part because of its height, but also because of its architectural uniqueness, The Mission Linen Building stands as the most recognizable building in downtown south. This property allows for redevelopment of a high-end use with a creative, open floor plan while maintaining the upcycled modern-industrial design language that can only come from a converted WWII era warehouse (high ceilings and exposed trusses). Las Vegas Arts District From a small collective of artists, the Arts District has risen to become Southern Nevada s cultural core. It s upward trajectory continues unabated with the near monthly opening of a restaurant, brewery, gallery or retail shop. Low-rise residential projects now in the works seek to meet pent up demand for housing in the area from those who want to begin and end their day in the region s developing 24-hour, live/work, urban neighborhood. The City of Las Vegas seeks to sustain this revitalization within the Arts District through cooperation with qualified tenants at catalyst projects. 3
RENDERINGS LOBBY 1 st STREET FACADE 1 st FLOOR NORTH WING 4
SITE PLANS FIRST FLOOR SECOND FLOOR 141' - 4" 141 4 7/13/2017 4:03:17 PM UP 107 E. Charleston Suite 250 Las Vegas NV 89104 tel. 702.598.1723 mail@jawastudio com DN ±9,000 SF+/- 149' - 3" 21,226 SF 21,000 SF +/- UP UP E:\Dropbox\01 JAWA STUDIO LAS VEGAS\2016\16037 Mission Linen Office Conversion\drawings\16037 Mission Linen Office Conversion CD 2.0 Rev 1.rvt 149' - 3" NORTH 0' 8' 16' 32' Mission Linen 16037 Office Conversion 12/06/16 1001 S First St. Existing 1st Floor scale: 1/16" = 1'-0" SK-3 Mis Offi 1001 5
MISSION LINEN BUILDING TRADE AREA MAP CHARLESTON BOULEVARD & RANCHO DRIVE LAS VEGAS, NEVADA cars/da y Clark County Courthouse Las Vegas Municipal Courts Alta Drive 276,000 JUHL CONDOS 15 ule va rd Bo as La sv eg Tacos Huevos Blue Sky Yoga The Arts Factory 36,000 cars/day Charleston Boulevard 34,000 cars/day cars 00 23,000 cars/day /day 36,000 cars/day Casa Don Juan 27 6,0 Charleston Boulevard Federal Courthouse Clark County Government Center El Sombrero Mexican Bistro M.L.K. Boulevard 29,000 cars/day 1,000 Employees 12,000 cars/day Shadow Lane Rancho Drive 1,350 Employees (Coming Soon) LAS VEGAS NORTH PREMIUM OUTLETS Imagery 2018, DigitalGlobe, U.S. Geological Survey, USDA Farm Service Agency 0 0.2 0.4 Miles 376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 Office 801.456.8800 l Fax 801.578.5500 l www.mtnwest.com The above information while not guaranteed has been secured from sources deemed reliable Map Data and/or Imagery Courtesy of Google, Nevada DOT (2016) 6
DOWNTOWN MISSION LINEN BUILDING Connected to Downtown The Mission Linen Building is located conveniently at the southernmost stop of the free Loop Shuttle that services all major downtown Las Vegas activity nodes throughout the day. Drive-time Center of Town Mission Linen stands at the center of Las Vegas with I-15 and I-95 pumping traffic from all corners of the Valley. Moreover, the property is sandwiched by the region s largest employment & tourism nodes: The Strip, Fremont, Downtown Legal District & Medical District. Drive time to Las Vegas Strip: Downtown Resort Corridor/Fremont: Legal District (Courts/Govt. Offices): Medical District: McCarran International Airport: Raiders Stadium: Summerlin: Green Valley: 10 minutes 5 minutes 2 minutes 5 minutes 17 minutes 12 minutes 19 minutes 20 minutes 7
PROJECTS FUELING LAS VEGAS GROWTH Las Vegas Stadium Las Vegas Stadium is the working name for a domed stadium under construction in Paradise, Nevada for the Las Vegas Raiders of the National Football League (NFL) and the UNLV Rebels football team of the University of Nevada, Las Vegas (UNLV). It is located on about 62 acres west of Mandalay Bay at Russell Road and Hacienda Avenue and between Polaris Avenue and Dean Martin Drive, just west of Interstate 15. Construction of the $1.8 billion stadium began in September 2017 and is expected to be completed in time for the 2020 NFL season. Wynn Paradise Park Steve Wynn announced in April 2016 the development of a new $1.5 billion expansion project, currently called Wynn Paradise Park, which will include an additional hotel property holding 1,000 rooms and a which will include water skiing and other water sport activities. A 4,000 foot (1,200 m) boardwalk is anticipated to surround the 1,500 foot (460 m)-foot-long lagoon, along with white sand beaches, bars, and other food service. Waterfront convention and meeting space will be available for business uses. Other features are expected to draw additional traffic to the hotels. Fireworks shows are anticipated at night. Construction is expected to start in late 2017 or early 2018 for completion in 2019. Steve Wynn called the Disney-style attraction the most fun project in my 45 years. The project is expected to improve conservation and reduce water usage of the property by replacing the irrigated golf course. 8
PROJECTS FUELING LAS VEGAS GROWTH Resorts World Las Vegas Resorts World Las Vegas is a casino and resort currently under construction on the Las Vegas Strip in Clark County Nevada, planned to open in 2020. It is owned and operated by Genting Group. The estimated cost is about US$ 7.2 billion. The $7.2 billion project will include: 4 hotel towers with a total of 6,583 hotel rooms[11] 175,000-square-foot (16,300 m2) casino 4,000-seat theater Retail, dining and convention space Rooftop sky park and observation deck Aquarium Movie theater Ice skating rink Bowling alley Indoor water park Panda exhibit 21,847,314-square-foot (2,029,681.9 m 2 ) total area at completion UNLV School of Medicine University of Nevada, Las Vegas (UNLV) School of Medicine, is an academic division of the University of Nevada, Las Vegas (UNLV) with 60 students matriculated on July 17, 2017. The students began their education with a 6 week EMT course. The school is the first to grant the Doctor of Medicine (MD) degree in Southern Nevada. The school uses facilities in the University Medical Center of Southern Nevada (UMCSN) clinical building at the Las Vegas Medical District. 9
PROJECTS FUELING LAS VEGAS GROWTH Interstate 11 Construction of the first 15 miles of Interstate 11, which will link Las Vegas to Phoenix and could eventually stretch from Mexico to Canada, is making progress. The Nevada Department of Transportation is in charge of the 2.5-mile phase one, while the Regional Transportation Commission is heading the 12.5-mile phase two. Both phases have been under construction since 2015 and are expected to be completed by 2018. The first phase of the $318 million Interstate 11 project is about 60 percent complete, according to the Nevada Department of Transportation. Convention Center The $1.4 billion Las Vegas Convention Center expansion and improvement project authorized in a special session of the Nevada Legislature in October took a big step forward Tuesday. The Las Vegas Convention and Visitors Authority board of directors approved the second phase of the project by unanimously authorizing an eight-month $1.28 million contract extension with its builder representative, Cordell Corp., to begin the process of designing a 600,000-square-foot exhibit hall. 10