2080 Flamingo RdParadise, NV 89119

This exceptional investment opportunity presents a portfolio of two Class B office buildings totaling 113,832 net rentable square feet, situated on a 4.25-acre lot in Las Vegas, Nevada. Located on the Flamingo Road business corridor, the property boasts an impressive 88.4% occupancy rate and a strong NOI of $1,365,000, translating to a 7.50% cap rate at an asking price of $18,200,000 ($159.88/sq ft). The portfolio benefits from a diverse tenant mix, including a significant presence of State of Nevada government tenants, representing 40% of the rental income and possessing a weighted average lease term (WALT) of 4.35 years. This provides a secure and stable income stream for the investor. The property's central location offers convenient access to major freeways (I-15 and I-95), the Las Vegas Strip, Convention Center, and numerous government agencies, including local, state, and federal courthouses. The flexible suite sizes cater to a wide range of tenants from various sectors, including finance, healthcare, technology, and government. The property's strong leasing momentum and prime location within an amenity-rich area contribute to its significant upside potential. The buildings are credit-rated and multi-tenant. This is a compelling investment opportunity with strong cash flow and long-term growth prospects.