Office Space - For Sale
6525 West Warm Springs Road Las Vegas, NV 89118
Details & Description
Price: $2,195,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.000
  • Building Sq Ft 7,839
  • Building Price per Sq Ft $280.01
WEST Commercial Investment Property Advisors @ MDL Group and Avison Young are pleased to offer for sale the +7,839sf owner/user office property located at Warm Pines Business Park on Warm Springs between Rainbow Blvd. and Jones Blvd. in the highly-desirable Southwest Las Vegas office submarket. The property has approximately 6,000sf of finished office space that could be occupied by an owner/user and has an existing tenant in the remaining +1,816sf that provides additional income or could be available for future expansion. The Warm Pines Business Park property is currently being utilized for an executive suite business and is built out with 18 private offices ranging from 117sf - 287sf, large conference room, multiple restrooms, and kitchen/break room facilities. Interior of property features fully furnished offices, spacious high-ceilings, modern two-tone paint scheme with stone accents and high-quality finishes throughout while exterior features modern exterior finishes with stone accents, mature landscaping, monument signage, and provides ample surface and covered parking.The property is priced significantly below replacement cost and provides upside with significant discount to finished new construction of similar free-standing product priced $325-$350/sf and ability to occupy at close of escrow or phase out executive suites (all executive tenants on short term leases) until need for full occupancy.  
Property Highlights
 Array
Listing Agents
Geoffrey West
MDL Group
O: 702-388-1800
gwest@mdlgroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

6525 West Warm Springs Road

Las Vegas, NV 89118

Listing ID: 259846
$2,195,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.000
  • Building Sq Ft 7,839
  • Building Price per Sq Ft $280.01
  • 6525 West Warm Springs Road Las Vegas, NV 89118 | for Sale | Photo 1
  • 6525 West Warm Springs Road Las Vegas, NV 89118 | for Sale | Photo 2
  • 6525 West Warm Springs Road Las Vegas, NV 89118 | for Sale | Photo 3
6525 West Warm Springs Road | for Sale | Thumbnail 1
6525 West Warm Springs Road | for Sale | Thumbnail 2
6525 West Warm Springs Road | for Sale | Thumbnail 3
Property Highlights
 Desirable existing owneruser office property in Southwest Las Vegas Submarket
 Desirable existing owneruser office property in Southwest Las Vegas Submarket
 Location at future signalized intersection within minutes of Rainbow and Jones I-215 offramps
 Options for occupancy that provide potential additional income to offset occupancy cost
 Pricing at significant discount to new construction in Southwest submarket provides upside
 Rapidly rebounding Las Vegas economy with significantly improved tourism levels
Description

WEST Commercial Investment Property Advisors @ MDL Group and Avison Young are pleased to offer for sale the +7,839sf owner/user office property located at Warm Pines Business Park on Warm Springs between Rainbow Blvd. and Jones Blvd. in the highly-desirable Southwest Las Vegas office submarket. The property has approximately 6,000sf of finished office space that could be occupied by an owner/user and has an existing tenant in the remaining +1,816sf that provides additional income or could be available for future expansion.

The Warm Pines Business Park property is currently being utilized for an executive suite business and is built out with 18 private offices ranging from 117sf - 287sf, large conference room, multiple restrooms, and kitchen/break room facilities. Interior of property features fully furnished offices, spacious high-ceilings, modern two-tone paint scheme with stone accents and high-quality finishes throughout while exterior features modern exterior finishes with stone accents, mature landscaping, monument signage, and provides ample surface and covered parking.

The property is priced significantly below replacement cost and provides upside with significant discount to finished new construction of similar free-standing product priced $325-$350/sf and ability to occupy at close of escrow or phase out executive suites (all executive tenants on short term leases) until need for full occupancy.

 

Attachments & Files

Listing Demographics for 6525 West Warm Springs Road Las Vegas, NV 89118

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,77795,328311,475
Population Median Age353637
Population by Age0-9 Yrs2648 (14%)12845 (13%)39859 (12%)
10-19 Yrs2003 (10%)10079 (10%)33753 (10%)
20-29 Yrs2707 (14%)14225 (14%)47054 (15%)
30-39 Yrs4008 (21%)18347 (19%)56090 (18%)
40-49 Yrs2729 (14%)13310 (13%)43429 (13%)
50-59 Yrs2429 (12%)12130 (12%)38516 (12%)
60-69 Yrs1461 (7%)8618 (9%)29946 (9%)
70+ Yrs792 (4%)5774 (6%)22827 (7%)
Median HH Income$75,026$71,728$66,600
Total Household Income< 24K672 (10%)4140 (12%)15464 (13%)
25-49K1018 (16%)6562 (19%)25670 (22%)
50-74K1454 (23%)6756 (20%)22129 (19%)
75-99K1073 (17%)5254 (15%)17160 (15%)
100-199K1729 (27%)8521 (25%)25697 (22%)
200K+344 (5%)1946 (5%)6058 (5%)
Highest Education LevelNo Diploma1003503121147
Diploma or GED30141762359564
Some College40861841858537
Assoc. Degree1312630019663
Bachelors Degree26551401442503
Higher Degree1070559617602
Total Housing Units7,17938,167132,889
--Owner-Occupied3,18417,72757,089
--Renter-Occupied3,10715,45255,089
Owner-Occupied Values< 100K1174133554
100-199K51429499543
200-299K1037573218934
300-399K679412813779
400-499K35021075915
500K+48723995364
Total Working Age Population14,74375,760249,633
In Work Force11,72555,930176,525
Not In Work Force3,01919,83073,108
Workforce Employed11,34853,513168,417
Workforce Unemployed3672,3467,900
Civlian Workforce11,71555,860176,317
Military Workforce970208
Total Households6,29133,180112,179
Family Households4,23521,53670,547
Non-Family Households2,05511,64341,632
Married Couple3,08315,13748,071
Other Family1,1536,39922,476
Married w/Child1,4786,71020,421
Single Male w/Child2179873,625
Single Female w/Child3132,0376,967

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Nevada1,998,257+352,700,551+173,149,234+103,460,728
Clark County1,375,765+421,951,269+192,318,174+102,550,048
Nye County32,485+3543,946+1148,864+852,587

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
McCarran International Airport (LAS) 5
Ontario International Airport (ONT) 192
John Wayne Airport-Orange County Airport (SNA) 222
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