Tourism Corridor Sun Commercial Real Estate, Inc. BALI HAI GOLF CLUB MANDALAY BAY RAIDERS STADIUM LUXOR EXCALIBUR HOTEL TROPICANA LAS VEGAS NEW YORK NEW YORK MONTE CARLO Las Vegas Blvd. MGM ATLANTIC AVIATION (PRIVATE HANGARS) MGM GRAND GARDEN ARENA MGM CONVENTION CENTER/ MARQUEE BALLROOM DECKOW LANE SUBJECT PROPERTY TOP GOLF TROPICANA AVENUE See Master Plan Map BLUEGREEN VACATIONS CLUB 36 (TIMESHARE) TOMPKINS AVENUE Hospitality/Multifamily 4735 & 4755 Deckow Lane Las Vegas, Nevada 89169
Contact Team Cathy Jones, CPA, SIOR, CCIM CEO P (702) 968-7320 CathyJ@suncommercialre.com Roy Fritz Senior Vice President P (702) 968-7322 RoyF@suncommercialre.com Jessica Cegavske Vice President P (702) 968-7321 JessicaC@suncommercialre.com Jennifer Lehr Senior Associate P (702) 968-7329 JenniferL@suncommercialre.com Prepared by Sun Commercial Real Estate, Inc.: 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 968 70 Ph 702 968 71 Fax www.suncommercialre.com
Confidentiality & Disclosure SUN COMMERCIAL REAL ESTATE, INC. (the Broker ) has been authorized by the Seller of the Property (the Seller ) to prepare and distribute the enclosed information (the Material ) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Access is limited and secured. Contact Broker for additional information. Cathy Jones CEO cathyj@suncommercialre.com
Table of Contents Property Highlights Section 1 Property Summary & Investment Highlights Property Matrix Aerial Map - Looking Northwest Aerial Map - Looking West Aerial Map - Looking East (North of site) Aerial Map - Looking Southeast (North of site) Property Photos Parcel/Aerial Map Area Overview Section 2 Property walk-throughs are to be conducted by appointment only. DO NOT DISTURB OPERATOR. Contact Broker for additional information.
Property Summary & Investment Highlights INVESTMENT HIGHLIGHTS LOCATION, LOCATION, LOCATION Next to 42-acre UNLV Expansion Site - Plans in progress at https://www.unlv.edu/sites/default/ files/page_files/27/plancon-marylandcampusmasterplan-2015.pdf. Steps Away from over 13,000 hotels rooms (Including MGM Grand, Excalibur, Tropicana, New York-New York and Hooters Casinos) AND Recently Opened TopGolf. JUST NORTH of McCarran International Airport (recent $2.4BB expansion assisted in ushering RECORD 42M Visitors in 2015) NEARBY over 18,000 seat Thomas & Mack Center AND UNLV Campus MULTIPLE TIME SHARE Units and Assemblages for Speculative Development nearby EXTENDED STAY LIVING existing use OFFSETS HOLDING COSTS with approximately $237,000 in annual net operating income ASKING PRICE: $5,000,000 ($96,153.84/DOOR) PROPERTY SUMMARY Located in the heart of the Tourism Corridor (± 150,000 hotel rooms), this opportunity is the perfect fit for someone taking advantage of the Las Vegas hospitality and tourism resurgence. Across from both the MGM Grand Hotel & Casino, McCarran International Airport and steps away from the world famous Las Vegas Strip, the surrounding parcels and uses are currently being redeveloped and can be assembled to make a greater density. Currently the property exists as an operating extended stay living property which offsets potential holding costs with interim income prior to re-development. The opportunity exists for a developer to hold or immediately take advantage of the uptick in tourism while offsetting costs with income in-place. The Property consists of a 52 room extended stay property situated on ±0.84 Acres of Prime Redevelopment Land. The property was built in phases during 1984 and 1985, it is three stories tall, and features exterior corridor walk-ways. The property offers its guests 55 parking spaces (of which 15 are covered). The property is currently utilized as an extended stay living apartment complex however the location of this asset offers investors a potential redevelopment opportunity.
THE IMMEDIATE NEIGHBORHOOD Property Summary & Investment Highlights The proposed 42-acre redevelopment site just east of the property is poised to continue UNLV s expansion to the west. Though most recently, the site was one of the proposed professional and UNLV stadium options of up to $1.9BB in redevelopment costs, the 42-acre site makes for an exciting expansion area to connect some or ALL of the University s sport, recreational and educational uses. The 42 acre site sold in late December 2015 to the University Board of Regents/UNLV at a cost of $50,000,000 (+/-$1.19M per acre) in an effort to attract local developers and professional football teams to the immediate area. The site s varying proposed uses allow UNLV to further attract a wider audience to events, increase its student body and make the campus more centralized in function. To the east of this site, are further redevelopment areas owned by Clark County and poised for expansion to the neighboring Thomas and Mack Center (home to the NCAA Basketball programs, and several other city-wide events with capacity of over 18,000). Recent expansions and renovations of the Thomas & Mack Center totaling $M with an expected completion of 2016, will further enhance the already popular event center that recently hosted NBA Summer League (for several years), concerts, nationally televised award shows, National Finals Rodeo and the 2016 Presidential Debate. To the west of the site and adjacent redevelopment uses is the MGM Grand Arena. Seating over 16,800, this center connects directly to the convention center of over 380,000 square feet and the over 5,000 hotel rooms and +/-171,500 square foot casino floor and variety of dining, nightlife and entertainment options at MGM Grand Las Vegas. To the immediate north of MGM, TopGolf recently built the $50M entertainment venue with a variety of golf and sports related nightlife and dining options. Further west, closer to the strip, but yet walkable are the Tropicana (1,467 rooms, Southeast corner of Tropicana; Las Vegas Blvd) and Hooters Casino Hotel (696 rooms, just east of Tropicana), Excalibur Hotel and Casino (3,981 rooms, Southwest corner of Tropicana; Las Vegas Blvd) and New York-New York Hotel & Casino ( 2,024 rooms, Northwest Tropicana; Las Vegas Blvd). To the south of the redevelopment areas, is the McCarran International Airport, which played a large role in bringing a record number of 42 million visitors to the Las Vegas area in 2015; expected for continued growth. With a large variety of airlines, both domestic and international, the Airport continues to increase non-stop and new airlines to the market. The most recent expansion of Terminal 3, in 2012 cost of $2.4B and was one of the largest public works projects in Nevada. An additional $51M is expected in post expansion upgrades. One of two airports in the world with slot machines and one of the busiest airports in the U.S., the airport provides service to almost every significant international destination with over passenger airlines and 3 cargo airlines. With over 13,000 hotel rooms immediately walkable from the site and a variety of significant costs spent todate and anticipated, the property is poised for redevelopment and/or assemblage to a variety of users.
Property Matrix Location: Size: Price: East of MGM Grand Resort, West of The University of Nevada Las Vegas, South of Top Golf, North of McCarran International Airport (LAS) ±0.84 Acres $5,000,000 Zoning: CT, Commercial Tourist, Master Plan The Commercial Tourist catergory designates areas for commercial establishmentts that primarily cater to tourists. The predominant land uses include casinos, resorts, hotels, motels (greater than 3 stories) recreational vehicle parks, time shared condominiums, amusements or theme parks. Planned hotel/resort gamining establishemetns are restricted to the Gaming Enterprise Overlay District as defined by Title (Unified Development Code). Public facility uses are also allowed in this category. R-5 (Apartment Residential - 50 units per acre), with Airport Environs Overlay 2017 Taxes: Utilities: Municipality: APN: $5,896.21 + $6,290.04 = $12,187.25 per year All Available Clark County 162-21-801-003 & 004
Aerial Map - Looking Northwest MONTE CARLO MGM CITY CENTER COSMOPOLITAN BELLAGIO PLANET HOLLYWOOD CAESARS PALACE PARIS MIRAGE VENETIAN & PALAZZO THE LINQ/HIGHROLLER BALLY S WYNN/ENCORE HUGHES CENTER MGM GRAND GARDEN ARENA MGM CONVENTION CENTER/ MARQUEE BALLROOM TOP GOLF SUBJECT PROPERTY WYNDHAM GRAND DESERT (TIMESHARE) HARMON AVENUE FLAMINGO ROAD HARD ROCK DECKOW LANE See Master Plan Map TROPICANA AVENUE BLUEGREEN VACATIONS CLUB 36 (TIMESHARE)
Aerial Map - Looking West LUXOR EXCALIBUR HOTEL NEW YORK NEW YORK MONTE CARLO CITY CENTER COSMOPOLITAN BELLAGIO HOTEL PARIS TROPICANA LAS VEGAS MGM MGM GRAND GARDEN ARENA MGM CONVENTION CENTER/ MARQUEE BALLROOM TOP GOLF TROPICANA AVENUE SUBJECT PROPERTY WYNDHAM GRAND DESERT (TIMESHARE) HARMON AVENUE See Master Plan Map
Aerial Map - Looking East (North of site) SAM S TOWN EASTSIDE CANNERY MATURE INFILL AREAS SAM BOYD STADIUM FLAMINGO ROAD HARMON AVENUE TROPICANA AVENUE UNIVERSITY OF NEVADA LAS VEGAS THOMAS & MACK CENTER PARADISE ROAD HARD ROCK SERENE HARMON AVENUE
Aerial Map - Looking Southeast (North of site) GREEN VALLEY M RESORT SOUTH POINT SILVERTON CASINO MANDALAY BAY ATLANTIC AVIATION (PRIVATE HANGARS) THOMAS & MACK CENTER TROPICANA AVENUE BLUEGREEN VACATIONS CLUB 36 (TIMESHARE) See Master Plan Map SUBJECT PROPERTY HARMON AVENUE UNIVERSITY OF NEVADA LAS VEGAS HARD ROCK PARADISE ROAD 4200 PARADISE APARTMENTS
Property Photos
472.49 472.49 182.02 182.02 25.53 25.53 72 72 548.01 150 134 134 134 134 100 125 125 548.01 104 150 100 125 125 104 39.64 39.64 506.77 506.77 60 153.71 60 88.18 88.18 153.71 80 509.59 80 509.59 0.99 0.99 294.78 294.78 60 60 526.28 526.28 Parcel/Aerial Map ICANA 115 410 410 "A" 115 005 005 010 01004 0.84 0.84 PROPOSED 009 See Detail Pages for Air Pcls 4.19 009 802 See Detail Pages for Air Pcls 4.19 45 125 004 45 125 003 003 802 005 002 2.64 2.64 "A" 005 002 006 120 FUTURE TRAFFIC LIGHT 2.57 2.57 "A" 006 005 801 001 002 005 120 026 001 002 015 135 8.52 11.23 14.11 14.11 024 007 135 010 006 8.52 11.23 008 0.18 007 007 0.31 135 7.93 135 7.93 008 009 0.35 PB -67 009 TROPICANA AVENUE 010 0.39 0.17 004 011 004 012 012 5.88 0.18 POTENTIAL TO VACATE* 5.88 0.23 0.23 003 003 014 014 005 005 013 011 013 0.16 011 0.16 4.86 4.86 0.28 013 0.28 013 PT11 PT11 019 019 016 016 PT11 PT11 020 020 021 014 0.39 PT11 021 014 0.39 PT11 135 PT11 022 135 PT11 022 015 015 0.48 0.48 017 018 BJS TAVERN 012 017 018 004 012 0.16 0.16 004 0.16 0.16 26.32 49.21 005 0.36 26.32 49.21 005 0.36 036 033 034 035 036 033 034 80 013 035 013 017 0 017 0 031 032 031 032 R=25 026 024 025 R=25 026 024 025 028 R=25 027 028 029 R=25 027 029 95-002 95-002 015 016 018 019 020 021 022 023 015 016 018 019 020 021 022 023 > TROPICANA TROPICANA AVE AVE 001 011 001 011 REBEL CONVENIENCE STORE/GAS 40 R=25 40 TAX DIST R=25 412 31.3 21 21 32.7 115 115 92.99 "B" 31.3 21 21 32.7 92.99 PM 80-81 This map is for assessment use only and does NOT represent a survey. This map is for assessment use only and does NOT represent a survey. ASSESSOR'S Michele PARCELS W. Shafe - CLARK - Assessor CO., NV. No liability is assumed for the accuracy of the data deliniated herein. 8 4 8 4 Information on roads and other non-assessed parcels may be obtained PARCEL Michele BOUNDARYW. Shafe CONDOMINIUM - Assessor 138 139 140 UNIT ROAD PARCEL NUMBER 6 5 4 3 2 1 No liability is assumed for the accuracy of the data deliniated herein. 001 SUB 138 139 140 8 4 5 18 4 5 1 from the Road Document Listing in the Assessor's Office. NUMER 7 8 9 10 11 12 Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM AIR SPACE UNIT PCL 001 6 5 4 3 2 1 001 ROAD PARCEL NUMBER SUB PM/LD BOUNDARY BOUNDARY ACREAGE 5 1.00 1 5 1 18 17 16 15 14 13 from the Road Document Listing in the Assessor's Office. AIR SPACE RIGHT PCL OF WAY PCL 001 PARCEL NUMER 7 8 9 10 11 12 6 2 6 2 ROAD EASEMENT 163 162 161 PM/LD BOUNDARY 18 17 1619 1520 1421 1322 23 24 This map is compiled from official records, including surveys and deeds, MATCH / LEADER LINE RIGHT SUB-SURFACE OF WAY PCL PCL 1.00 ACREAGE 202 PARCEL SUB/SEQ NUMBER 6 2 6 2 ROAD EASEMENT 163 162 161 19 20 21 but only contains the information required for assessment. See the 2229 2328 2427 26 25 This map is compiled from official records, including surveys and deeds, 7 3 7 3 MATCH HISTORIC / LEADER LOT LINE SUB-SURFACE PCL 202 PB 24-45 PARCEL PLAT SUB/SEQ RECORDING NUMBER NUMBER but recorded only contains documents the information more detailed required legal for 17assessment. information. See 176 177 31 32 33 34 35 36 the HISTORIC SUB BOUNDARY 178 29 28 27 26 25 7 3 7 3 HISTORIC LOT LINE PB 24-45 PLAT 11 BLOCK RECORDING NUMBER NUMBER USE 10 8 4 8 4 recorded documents THIS SCALE(FEET) for more WHEN detailed MAP REDUCED legal 17information. FROM 11X17 ORIGINAL 26 5 176 177 31 32 33 34 35 36 8 27 HISTORIC SUB PM/LD BOUNDARY BOUNDARY 178 11 BLOCK 10 5 LOT NUMBER 9 28 26 25SECTION LINE 7 713 "C" 5 8 4 8 4 USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL Scale: 1" = 200' 4/20/2015 5 1 5 1 0 100 200 400 600 800 GL5 GOV. LOT NUMBER Rev: 8 27 HISTORIC PM/LD BOUNDARY 5 LOT NUMBER 9 29 28 25SECTION LINE 7 713 "C" Scale: 1" = 200' 4/20/2015 5 1 5 1 0 100 200 400 600 800 GL5 GOV. LOT NUMBER Rev: 29 029 0 031 034 036 027 028 3 4 1 5 20 21 22 23 038 029 0 031 032 033 034 036 24 027 0282 3 4 6 19 1 001 5 20 21 22 23 038 032 033 24 2 6 002 001 002 19 15 009 001 002 001 703 105.22 0.09 002 0.35 009 15 TOMPKINS 009 AVE 156.33 45 125 703 105.22 0.09 0.35 009 037 006 1.7 TOMPKINS AVE 156.33 45 125 037 006 1.7 R=70 0.27 025 002 R=70 0.27 025 002 0.33 0.33 R=25 135 R=25 135 SUBJECT PROPERTY 008 008 003 2.81 003 2.81 R=7 0 222.28 222.28 R=7 0 90.61 NOTES 90.61 001 001 548.01 548.01 KOVAL LN 50 50 001 001 1.51 1.51 R=93 R=93 63.5 63.5 127 127 100 66 61 100 66 61 0.42 0.42 004 004 0.42 0.42 75 75 50 50 DECKOW LN DECKOW LN R=35 R=35 475.65 R=35 R=35 475.65 275.57 275.57 59.81 59.81 MAP LEGEND MAP LEGEND 150 393.83 1224.39 150 393.83 1224.39 ASSESSOR'S PARCELS - CLARK CO., NV. 1110.74 100 1110.74 100 1105.52 1105.52 195.92 195.92 KOVAL LANE 2005.96 351.31 367.94 351.31 367.94 285.68 DECKOW LANE 2005.96 BOOK T21S R61E 21 S 2 SE 4 162-21-8 T21S R61E 21 S 2 SE 4 162-21-8 285.68 BOOK 333.8 333.8 24.11 68.6 3 8.7 34.1434.36 155.4 78.05 24.11 142.87 121.8 38.06 SEC. 37.8 68.6 3 8.7 131.86 34.1434.36 155.4 78.05 142.87 121.8 38.06 SEC. 37.8 80 131.86 80 TROP TROP 29 29 134.76 007 3.84 PB 1-70 PB 1-70 134.76 63.43 65 104.22 63.43 65 104.22 MAP 577.35 611.49 MAP 470 601.87 007 3.84 577.35 611.49 470 601.87 810 810 50 BERMUDA RD > 80 50 004 52.84 BERMUDA RD > 52.84 470 TAX DIST 470 2 2
Area Overview Las Vegas Encircled by mountains in the Mojave Desert of Southern Nevada, Las Vegas is a city of intriguing contrasts, from suburbs filled with green parks and families to the vacation playground of The Las Vegas Strip. It is home. It is escape. It is unique. The Las Vegas Paradise Henderson Metropolitan Statistical Area (MSA), stretches across the southern-most tip of the state, encompassing 8,091 square miles. As the county seat of Clark County (the 22nd largest county in the nation), Las Vegas is widely known as the entertainment capital of the world and a premier destination for gambling, fine dining, entertainment, and shopping. This reputation has made Las Vegas a popular setting for films and television programs, and 21,864 conventions in 2016 alone. The city also functions as the leading financial and growing cultural center for southern Nevada. The famous Las Vegas Strip is a four mile long stretch of Las Vegas Boulevard famous for its dense concentration of casinos, resort hotels, restaurants, and mega-clubs. Located south of downtown in the unincorporated towns of Paradise and Winchester, the Strip and the immediate area hosted a record 42.9 million visitors in 2016. Las Vegas is the city that never sleeps, meaning round the clock opportunities for business owners and investors. 2016 TOP EMPLOYERS EMPLOYEE NAME EMPLOYEES INDUSTRY MGM Resorts Intl. 53,157 Hotel Casino Caesars Entertainment Corp.,000 Hotel Casino Stations Casinos, LLC 14,000 Hotel Casino Wynn Resorts 12,000 Hotel Casino Boyd Gaming Corp 11,700 Hotel Casino Las Vegas Sands Corp 8,600 Hotel Casino Valley Health 7,463 Health Care McDonald's 5,250 Fast food Cosmospolitan of Las Vegas 5,008 Hotel Casino Southwest Medical Associates 4,808 Health Care *Source: VegasInc.com Economy With a population of approximately 2 million, the Las Vegas MSA is the 31st most populated CBSA (Core Based Statistical Area) in the U.S. The key economic driver in the MSA is the tourism industry generated by the casinos, hotels, and the major attractions offered in the valley. Of the 500 U.S. corporations with the largest revenues in 2015, listed by Fortune magazine in 2016, four are headquartered in Las Vegas. All four are part of the Leisure and Hospitality Sector: Caesars Entertainment, Las Vegas Sands, MGM Resorts International, and Wynn Resorts.
Area Overview (con t) Business and travelers alike have shown a renewed interest in Las Vegas. Most tourism numbers for 2016 exceeded recent years. Las Vegas suffered during the recession and was perceived as the hardest hit by the economic turndown. Now the city is making healthy strides toward expansion and is a symbol of the nation s recovery. Employment by Industry 28% 19% 14% 13% 10% Leisure & Hospitality Transportation/Utilities Professional & Business Services Government Educ. And Health Services Since 2010, total employment in the Las Vegas area has grown at an average annual rate of 2.2%, exceeding the U.S. employment average annual growth rate of 1.7%. Moreover, the Las Vegas retail sector accounts for 12% of total employment. 4% 5% 3% 1% 2% Construction Financial Activities Manufacturing Information Mining Downtown Las Vegas is the recipient of substantial investment funds and rebranding efforts led by the Downtown Project. A massive campaign to transform Downtown Las Vegas (north of the Strip) into a community attractive to new businesses and young *Source: Bureau of Labor Statistics urban professionals has occurred and is a continuing working community plan by local government and business leaders. The neighborhood is filling with low vacancy office and apartment buildings and a thriving arts-centered nightlife scene. All of these facets, including a quickly rebounding housing market, foretell a continuation of the steady growth Las Vegas economy is experiencing. 4% Other Business and Individual Friendly Tax Structure Due to gaming revenue income received by the state and local government, Nevada does not impose personal income, estate, business, or gift tax. Las Vegas is able to offer unmatched incentives that continue to facilitate job and business growth and enable the local economy to rebound after the recession. This local tax structure is very attractive to individuals, investors, and businesses.
Area Overview (con t) Demographic Analysis The following is a demographic study of the region sourced by Site To Do Business (STDB Online), an on-line resource center that provides information used to analyze and compare the past, present, and future trends of geographical areas. Demographic changes are often highly correlated to changes in the underlying economic climate. Periods of economic uncertainty necessarily make demographic projections somewhat less reliable than projections in more stable periods. These projections are used as a starting point, but we also consider current and localized market knowledge in interpreting them within this analysis. Population According to Esri, a Geographic Information System (GIS) Company, the Las Vegas-Paradise, NV metropolitan area has a 2017 total population of 2,192,887 and has experienced an annual growth rate of 1.52% for the past decade, which is higher than the Nevada annual growth rate of 1.0% over this timeframe. The metropolitan area accounts for 73.2% of the total Nevada population (2,994,047). Within the metropolitan area the population density is 253 people per square mile compared to the lower Nevada population density of 25 people per square mile and the lower United States population density of 89 people per square mile. The 2017 median age for the metropolitan area is 36.7 which is younger than the United States median age of 38.2. The metropolitan area anticipates the median age to increase by 0.3% annually over the next five years, raising the median age to 37.6 by 2022. POPULATION YEAR UNITED STATES NEVADA CLARK COUNTY, NV 2010 Total Population 8,745,538 2,700,551 1,951,269 2017 Total Population 327,514,334 2,994,047 2,192,887 2022 Total Population 341,323,594 3,228,882 2,386,454 2010 2017 CAGR 0.82% 1.43% 1.62% 2017 2022 CAGR 0.83% 1.52% 1.71% *SOURCE: (STDB) SITE TO BUSINESS MEDIAN AGE YEAR UNITED STATES NEVADA CLARK COUNTY, NV 2017 38.2 37.4 36.7 2020 38.9 37.6 36.8 CAGR 0.36% 0.11% 0.05% *SOURCE: (STDB) SITE TO BUSINESS
Area Overview (con t) Education There are two major providers of higher education in Las Vegas, the College of Southern Nevada (CSN) and the University of Nevada-Las Vegas (UNLV). CSN has an enrollment of approximately 34,400 and this two-year public college is the 3rd largest community college in the United States. It is part of the Nevada System of Higher Education. UNLV has an enrollment of over,000, and offers 146 programs of study in multiple fields resulting in bachelor s, master s, and doctorate degrees; also regarded to be a research-intensive university with its science and techology, business management and law programs. The University s hospitality program consistently ranks among the top hospitality programs in the country due to the school s proxmimity to the Las Vegas Strip. In addition, UNLV houses the School of Dental Medicine and the William S. Boyd School of Law, the only dental and law programs in the state. Additionally, smaller specialized colleges draw students from around the country. Nevada State College University of Phoenix (satellite) The Art Institute of Las Vegas Regis University (satellite) Embry-Riddle Aeronautical University (satellite) UNLV School of Medicine The UNLV School of Medicine will be a full-scale, four-year medical school with a mission to improce access to high -quality health care in Southern Nevada. The accompanying academic health center will serve as the core infrastructure for the entire medical community. $100 Million, 170,000 square foot building on 10 acres Newly Designed Learning Space Initial Class of 60 Students July 2017 www.unlv.edu/medicine
Area Overview (con t) Professional Sports Comes To Las Vegas NFL - LAS VEGAS RAIDERS The Oakland Raiders received the NFL s approval to move to Sin City for the 2020 NFL season. Las Vegas has proposed a new $1.9 billion stadium just to the west of the Strip. The venue s horse-shoe shape, designed by Manica Architecture, would accommodate an audience of 65,000 spectators, 8,000 cars, tailgating amenities and mixed-use commercial facilities. Along with the economic benefits of in-season games, this venue would also allow Las Vegas to host the annual Super Bowl which would bring in hundreds of millions of dollars in tourism and revenue. NHL - LAS VEGAS GOLDEN KNIGHTS The Las Vegas T-Mobile Arena will be the home to the first professional sports franchise. The NHL Golden Knights are scheduled to begin play in the 2017-2018 season. The Golden Knights will pay at least 40 hockey games in the T-Mobile Arena per season.
Area Overview (con t) Transportation McCarran International Airport McCarran International Airport (LAS) represents the geographic and economic heart of the Las Vegas valley and serves as the initial visitor gateway to one of the most exciting resort destinations in the world. LAS is the primary commercial airport serving the Las Vegas Valley, a major metropolitan area in Nevada, and one of the busiest airports in the world and a centerpiece of southern Nevada s tourism-based economy. 2016 McCarran International Airport welcomed 47.4 Million passengers, a 4.5 percent upturn from the year prior. Overall domestic passenger volume grew by 4.8 percent, accounting for 1.96 million additional Las Vegas passengers in 2016. Highlights Ranked eighth busiest airport in North America in terms of passenger traffic - 2016 Ranked 26th busiest airport worldwide in terms of passenger traffic - 2016 Nominated the last seven (7) years in World Travel Awards Airport customer service program initiated called MAYS: McCarran At Your Service Vehicular Transportation Interstate 15 is the main route North and South from San Diego, California, through Las Vegas, on to the US/Canada border. The majority of visitors from Southern California arrive in Las Vegas by traveling Interstate 15.
Contact Team Cathy Jones, CPA, SIOR, CCIM CEO P (702) 968-7320 CathyJ@suncommercialre.com Roy Fritz Senior Vice President P (702) 968-7322 RoyF@suncommercialre.com Jessica Cegavske Vice President P (702) 968-7321 JessicaC@suncommercialre.com Jennifer Lehr Senior Associate P (702) 968-7329 JenniferL@suncommercialre.com Prepared by Sun Commercial Real Estate, Inc.: 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 968 70 Ph 702 968 71 Fax www.suncommercialre.com