8870 Maryland PkwyLas Vegas, NV 89123

For Sale
$1,899,800

Las Vegas Executive Office Complex - High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a freestanding Class C office building in the vibrant Scottsdale Plaza of Las Vegas, Nevada. Located at 8870 S Maryland Pkwy, zip code 89123, this 5,428 square foot building is currently 74.23% occupied, generating a strong net operating income (NOI) of $102,224. The asking price is $1,899,800, translating to $350 per square foot. The property features ten units across one building, with seven tenants currently leasing under a gross lease agreement. Built in 2005, this multi-tenant property benefits from a convenient location, just one mile from the freeway, and is situated within a thriving mixed-use environment. Amenities within walking distance include a Dunkin', Tesla Supercharging stations, restaurants, and a convenience store. The property boasts ample parking, both covered and uncovered, and is zoned Commercial General (CG), allowing for flexible office or retail uses. This presents a compelling opportunity for owner-users or investors seeking a well-located, income-producing asset in a dynamic Las Vegas market. The property's strong NOI and strategic location make it an attractive investment with significant potential for future growth.

Highlights

  • $1,899,800 asking price ($350/SF).
  • 5,428 SF Class C office building, 74.23% occupied, with 25.77% vacancy.
  • $102,224 annual net operating income (NOI).
  • Located at 8870 S Maryland Pkwy, Las Vegas, NV 89123, one mile from freeway.

Property Details for 8870 Maryland Pkwy

Property type
Other office properties, Office properties
Square Feet
5,428 SF
Class
C
Buildings
1
Units
10

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0287852
Longitude
-115.134767
8870 Maryland Pkwy, Las Vegas, Nevada

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8870 Maryland Pkwy
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