5888 Sunset RdLas Vegas, NV 89118

For Sale
$8,750,000

Class A Office, 29,303 SF, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A office building, Sundance Park, presents a compelling investment opportunity. Located at 5888 W Sunset Rd, Las Vegas, NV 89118, this two-story, 29,303 square foot building sits on a 2.08-acre lot. Built in 2006, the property boasts a desirable location in the Southwest Submarket, near I-215 and S Jones Blvd, and benefits from a CP zoning designation. Currently 100% leased, the building offers significant stability with long-term tenants, including credit tenants like Walgreens and ICW Insurance. Many suites have recently undergone renovations, minimizing future tenant improvement needs. The weighted average lease term (WALT) is attractive, with two major tenants occupying for seven years or more. The building's size and suite configurations align well with market demand, making it an ideal investment for buyers seeking strong cash flow in a high-demand area. The property's APN is 163-36-401-029. The asking price is $8,750,000. This is a turnkey investment with minimal future capital expenditures.

Highlights

  • Strong long-term tenancy: 47% of the space is occupied by tenants with 7+ year leases, exceeding typical 3-5 year market terms. Walgreens recently renewed and optimized its space.
  • Minimal future TI: 53% of the property (all but two suites) is newly renovated, offering turnkey spaces. Smaller suites (≤5,000 sf) align with 70% of market demand, minimizing future tenant improvement costs.

Property Details for 5888 Sunset Rd

Property type
Other office properties, Office properties
Square Feet
29,303 SF
Class
A
Year Built
2006
Buildings
1
Stories
2
Lot Size (sq. ft)
90,605 SF

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.071303692654
Longitude
-115.22177562583
5888 Sunset Rd, Las Vegas, Nevada

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5888 Sunset Rd
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