Wednesday, April 05, 2006

TIC Opportunity: Bonnevile Square Building, 530 South Las Vegas Boulevard, Las Vegas, Nevada 89101

Bonneville square is located in the booming Downtown las Vegas central business district. The property is situated within two blocks of several federal buildings and courthouses which provides an ideal location for its major tenants: the GSA (Us Federal Government / Federal Public Defenders office), Beckley, Singleton Chartered (law offices) and Wells Fargo Bank. These three major tenants occupy over 85,000 sq. ft. (96%) of the property with leases running through 2015, 2010, and 2014 respectively.

  • Skyrocketing downtown land prices will cause a barrier to entry for future office properties.
  • Long-term leases expected to provide stable cash flow into the foreseeable future.
  • Attractive black-glass design makes Bonneville Square a stunningly noticeable property amid the backdrop of Downtown Las Vegas.

- 7.00% Cash-on-Cash Return (Projected Year 1)
- 8.50% Cash-on-Cash Return (Projected Year 5)
- $750,000 Minimum Equity Investment
- 5.36% Fixed 10 Years – non-Recourse Financing

Please contact me for a complete marketing package for this oppportunity.

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