Exceptional Property for Sale at 10100 W. Charleston Boulevard Las Vegas, Nevada 89135 : Hughes Plaza West
FEATURED
Opportunity is knocking as 2024 comes to a close, and like many of you I simply cannot wait for the election to conclude and am looking forward to starting off the new year with a bang!
With capital markets continuing to ebb and flow, perhaps now is a good time to take stock of your holdings and add some quality to the mix. To that end, please consider Hughes Plaza West, a beautiful, stabilized two-story building in the heart of Summerlin.
NOI$1,660,000
Pro-Forma NOI: $1,660,000
Units: 18
Year Built: 2005
Buildings: 1
Stories: 2
Zoning: P-C Planned Community
Lot Size (acres): 4.74
Parking (spaces): 277
Broker Co-Op: Yes
APN: 137-36-811-018
Ownership: Private
Price: $23,800,000.00
Details
Property Type: Office
Subtype: Creative Office, Executive Office, Traditional Office
Investment Type: Stabilized
Class: A
Lease Type: Gross
Tenancy: Multi
Number of Tenants: 14
Square Footage: 71,546
Net Rentable (sq ft): 71,546
Price/Sq Ft: $332.65
Cap Rate: 6.97%
Pro-Forma Cap Rate6.97%
Occupancy86%
In addition to having the world-class Vintner Grill on street level, occupiers and patrons of this gorgeous two-level building enjoy walking distance to amazing, first-class amenities including Lifetime Athletic Club , Red Rock Hotel & Casino, City National Arena (Las Vegas Golden Knights), Downtown Summerlin (Macy’s, Dillards), and the Las Vegas Ballpark.
The Summerlin trade area is one of the most dynamic, family-oriented environments in Las Vegas, with multitudes of shops, eateries, hot spots and entertainment venues. There literally is something for everyone here, and soon Whole Foods will be open and operating just one block south of Hughes Plaza West. It just keeps getting better.
Charles Moore with Moore Real Estate Sales, Inc., and Jeff Susa with Ram Group Las Vegas, LLC, as exclusive advisors, are pleased to present for acquisition Hughes Plaza West, aka 10100 W. Charleston Boulevard, a beautiful suburban class A office building located within the heart of Summerlin, Nevada’s best-selling master-planned community.
This gorgeous ±71,546 SF multi-tenant two-story property is currently 86% leased by quality occupiers including Washington Federal Bank, Western Title, Virtue Luxury Real Estate Group, and Sierra Pacific Investments. Further, the building is home to Vintner Grill, a spectacularly hip restaurant/bar with probably the best wine list on the west side. Highly recommend!
The building boasts first-class finishes with beautiful views of Red Rock Canyon to the West, and Las Vegas Boulevard to the East. In addition to its prime suburban location, the property is within walking distance of myriad amenities including The Las Vegas Golden Knights practice facility (2 full size rinks), the Las Vegas Aviators baseball diamond, Red Rock Hotel and Casino and Downtown Summerlin – a diverse mix of shops and services including Apple, H&M, Dillards, Macy’s, Lululemon, to name a few. With all of this going for it, 10100 W. Charleston Boulevard is arguably located within one of the best trade areas in the suburban MSA.
Historically, the property has enjoyed best of class occupancy levels and only recently has experienced some vacancy. Currently 86% leased, the building has two suites available (6,845 SF and 2,965 SF), which are highly lease-able. This could be an excellent opportunity for an owner/occupier to acquire and grow operations within the building over time.
Summerlin acquisition opportunities are rare, so If you have sincere interest in this asset, please let us know sooner than later.
Investment Highlights
• The Property is located within the highly desirable, master-planned community of Summerlin, consistently one of the best-selling master planned communities in the U.S.
• Summerlin is home to more than 134,000 permanent residents with an annual household income of over $93,000 within a 3-mile radius of the subject property.
• Notably, community recently welcomed the practice facility for the Las Vegas Golden Knights hockey team and completed a brand-new baseball park for the Las Vegas Aviators – the triple A team for the Oakland A’s.
• Multiple credit occupiers have made Summerlin home including but not limited to Bank of America, Capital One, Williams Sonoma, City National Bank, Wyndham Resorts, We Work, and Wynn Resorts.
• Located just east of I-215 providing tenants and patrons quick access to Summerlin Parkway and US 95.
• Property may be purchased for cash or with debt financing.
For more information please contact:
Charles M. Moore, CSM
Moore Real Estate Sales Inc., Broker/Owner
License: NV B.36559
720-210-6200
charles@moorerealestatesales.biz