Spanish Vista Class "A" Office Building

Spanish Vista, located at 4955 S. Durango Road in Las Vegas, is a garden style professional office building located at the hard corner of Tropicana Ave and Durango Drive. This property is located in a densely populated area surrounded by numerous commercial and residential developments. Within one mile the average household income is $107,423.

Purchase Price: $14,100,000

• Most Tenants have Annual Rental Escalations 3% - 6%
• New Financing Opportunity
• Year Built: 1999
• 7.23% Cash-On-Cash
• 3.99 Total Acres
• Average Household Income within one mile is $107,423
• Hard Signalized Corner of Tropicana/Durango

All leases are modified gross with a base year provision allowing for the recapture of future operating expenses and limiting exposure to rising expenses. In addition each lease provides for annual rental escalations. This property will be delivered free of debt, allowing a new buyer to obtain new financing.

Download the informational .pdf and then contact me if you're interested in moving forward with this investment.