7000 sf office/ warehouse condominiums situated on 4 acres

FOR SALE
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE
CONDOMINIUMS SITUATED ON 4 ACRES
4300 North Pecos Rd. Las Vegas, NV 89115
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
E
UT
PAI
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
LAS VEGAS
PAIUTE GOLF RESORT
Y
WA
95
KYLE
CANYON
93
15
APEX INDUSTRIAL PARK
RD
SILVERSTONE
SPRING
MOUNTAIN
RANCH
KYLE
CANYON
GATEWAY
IRON
MOUNTAIN
RANCH
GRAND TETON DRIVE
PARK HIGHLANDS
SEVERENCE LANE
LOSSE ROAD
N TENAYA WAY
W CENTENNIAL PARKWAY
V EG A
S PKWY
PABCO
ROAD
T B LVD
FALLS
market
at a rapid growth rate.95.
TUSCANY
AY
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564
ST. ROSE
DOMINICAN
HOSPITAL
BURKHO
R
ATE
SW
HO
R
BLACK
MOUNTAIN
EQUESTRIAN DR
CCSN
HENDERSON CAMPUS
FOOTHILLS DR
515
APPALOOSA RD
DEL WEBB
S MAGIC WAY
DRAGON RIDGE
W PACIFIC AVE
N RIDGE PKWY
IZO
LDER BL
VD
HENDERSON
ST
E VA
NW
AGEN
EN S
T
RACETRACK ROAD
RICHARDSON DRIVE
582
CENTER ST
GIBSON Rd.
95
EASTGATE RD
DE BLVD
ST. ROSE
DOMINICAN HOSPITAL
SIENA CAMPUS
GREEN VALLEY PARKWAY
SOUTHERN
HIGHLANDS
THE
North Las Vegas,
and will continue to fuel the North Las Vegas
E SUNSET ROAD
93
515
AMERICAN PACIFIC DR
LEGACY
SOUTHFORK
development has helped attract large national companies to
N
ADBE
BRO
Y
HW
N STEPHANIE STREET
GRAN
UPRR
215
MARYLAND PARKWAY
S JONES BLVD
W SILVERADO RANCH BLVD
GREEN
VALLEY
607
E PEBBLE ROAD
BERMUDA RD
DEAN MARTIN DR
S DECATUR BLVD
SOUTH LAS VEGAS BLVD
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
FIC RR
MOUNTAINS EDGE PKWY
S BUFFALO DRIVE
S FORT APACHE RD
GOMER ROAD
WINDMILL LANE
UNIO
N PA
CI
WINDMILL LN
W WIGWAM AVE
S RAINBOW BLVD
RHODES
RANCH
ERIC MOLFETTA, CCIM
VICE PRESIDENT
160
BLUE DIAMOND ROAD
+1 702 836 3756
[email protected]
S EASTERN AVENUE
CORONADO
RANCH
NEVADA
TRAILS
VERDE DR
VALLE
WILDHORSE
WARM SPRINGS ROAD
REFLECTION
WHITNEY
RANCH
E SUNSET ROAD
N ARROYO
ST. ROSE
SAN MARTIN
HOSPITAL
SUNSET
PARK
S PECOS ROAD
TOWN
SQUARE
215
ER
ULD
BO
S SANDHILL ROAD
E RUSSELL ROAD
MC CARRAN
INT’L AIRPORT
BALI
HAI
SF under construction
or in the planning phase. This new
BAY
LAS
582
15
LAKE
VEGAS
million SF of newLASconstruction
with an additional three million
EAST
LAS VEGAS
DESERT
SPRINGS
HOSPITAL
MARYLAND PARKWAY
595
W SUNSET ROAD
W ARBY AVE
RR
FLAMINGO ROAD
with a large number of 147industrial developments. There are four
E
LAK
RD
W RUSSELL ROAD
STALLION
MOUNTAIN
95
W
RED ROCK NATIONAL
CONSERVATION AREA
ER
D.
”
STRIP
“THE
AL RO
AD
INDU
STRI
E DESERT INN ROAD
UNLV
TROPICANA AVENUE
VALLEY VIEW ROAD
BUFFALO DRIVE
S DURANGO DRIVE
FORT APACHE ROAD
SPRING
VALLEY
HOSPITAL
ROYAL
LINKS
BOULEVARD
MALL
WYNN
SE
PARADI
593
N DECATUR BLVD
502
VEGAS VALLEY DRIVE
612
Over the past 3 years North Las Vegas has has been infused
N LOS FELIIZ ST
SPRING MOUNTAIN RD
LAS VEGAS
CC
HACIENDA AVE
W WARM SPRINGS ROAD
AREA OVERVIEW
DESERT
ROSE
E SAHARA AVE
SPANISH TRAIL
SOUTHERN
HILLS HOSPITAL
N HOLLYWOOD BLVD
607
E ST LOUIS AVE
604
TROPICANA AVENUE
SUNRISE
COLONY
93
S HOLLYWOOD BLVD
N JONES BLVD
HUALAPAI WAY
SPRING
VALLEY
S RAINBOW BLVD
FLAMINGO ROAD
SIENA
NELLIS BLVD
BUFFALO DRIVE
W DESERT INN ROAD
BEAR’S
BEST
LAMB BLVD
589
This business center was built in 1984.ng was built in 1995.
STEWART AVENUE
ST
NT
W SAHARA AVE
THE LAKES
E BONANZA ROAD
MO
595
zoning and each unit includes a 1,000 SF secured yard area.
FRE
CANYON
GATE
business center. The location is under a M-1 North Las Vegas
E CHARLESTON BLVD
VALLEY VIEW ROAD
215
TOWN CENT
ER D R
IVE
RED
ROCK
CCSN
CHARLESTON
CAMPUS
E LAKE
E WASHINGTON AVE
UNIVERSITY
MEDICAL CENTER
159
warehouse
condominiums are situated on a 4 acre industrial
147
D BLVD
MEA
E OWENS AVENUE
PECOS ROAD
515
ALTA DRIVE
W CHARLESTON BLVD
E CAREY AVE
LAS VEGAS DESERT PINES
95
BADLANDS
PECCOLE
RANCH
15
The property is ideally located at North Pecos Rd. just south
of the Graig Rd. I-15 interchange. The 1,400 - 7000 SF office/
E LAKE MEAD BLVD
LAS VEGAS
MUNICIPAL
WESTCLIFF DRIVE
ANGEL
PARK
VE
AS
SUNRISE
VISTA
N EASTERN AVE
W WASHINGTON DRIVE
SUMMERLIN PARKWAY
NL
E CHEYENNE AVENUE
N BRUCE ST
OTHILLS DR
RT FO
DESE
TPC AT
CANYONS
CHEYENNE
CAMPUS
D
BLV
GAS
E EVANS AVE
147
DR
HO
ANC
TPC AT
SUMMERLIN
NELLIS AFB
BELMONT ST
W LAKE MEAD BLVD
VEGAS DRIVE
SUMMERLIN
93
95
147
NR
EAGLE
CREST
IC
NORTH LAS VEGAS
AIRPORT
SMOKE RANCH ROAD
PROPERTY OVERVIEW
CRAIG ROAD
CCSN
LOSE
N RAINBOW BLVD
BUFFALO DRIVE
574
DESERT
SHORES
PALM
VALLEY
HIGHLAND
FALLS
NORTH
LAS VEGAS
599
FOR SALE
604
NELLIS AFB
15
573
MARTIN LUTHER KING JR BLVD
CLIFF SHADOWS DR
IVE
W CHEYENNE AVENUE
SUN CITY LAS VEGAS
N PECOS ROAD
CRAIG ROAD
W ALEXANDER ROAD
DURANGO
HILLS
RANCHO
DEL NORTE
SHADOW
CREEK
WASHBURN RD
N 5TH STREET
RANCHO
ALTA MIRA
ANN ROAD
CAMINO AL NORTE
LOS
PRADOS
SIMMONS STREET
N DURANGO DRIVE
W LONE MOUNTAIN ROAD
PAINTED DESERT
N DECATUR BLVD
W ANN ROAD
15
LAS VEGAS
MOTOR SPEEDWAY
EL DORADO
N JONES BLVD
215
93
S LAMB BLVD
215
PAC
IF
ELKHORN ROAD
ELKHORN
SPRINGS
95
DEER SPRINGS WAY
UN
ION
PROVIDENCE
ALIANTE
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
W CACTUS AVE
W CACTUS AVE
SO
UTH
R
St
ERN
ose
MACDONALD
HIGHLANDS
SEVEN HILLS
DR
HENDERSON
EXECUTIVE
S
HILL
Y
KWA
PAR
604
SEVEN
HL
HIG
AN
DS
RIO SECCO
MISSION DR
COLLEGE DR
SHINNECOCK HILLS AVE
MOUNTAIN’S
EDGE
GREENWAY RD
MACDONALD RANCH
SUN CITY
SILVERADO
146
The information furnished has been obtained from sources we deem reliable and
is submitted
subject toWEST
errors,
omissions
and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
RANCH
SUNRIDGE
ay
93
CANYON
kw
information should be verified by the recipient prior to lease, purchase, exchange orParexecution
of legal documents.
E PARADISE HILLS DR
RAILROAD
PASS
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
CRA
IG R
OAD
N. PECOS ROAD
PROPERTY HIGHLIGHTS
•
•
•
•
•
•
•
•
Located near I-15 and Craig Rd. Interchange
1,400–7,000 SF Warehouse Condominium
12’ Clear Height
Built in 1984
10’x10’ Roll-up Garage Door
1,000 SF exterior gates, outside fenced storage yard
City of North Las Vegas
Zoned M-1
SITE
PURCHASE PRICE: $97.00 PSF
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
Southern Nevada’s industrial market has now posted positive net absorption every quarter since the fourth quarter of
2012. This streak was extended in the second quarter of 2016, which posted 833,697 square feet of net absorption. This
was lower than in the first quarter of 2016, and significantly lower than one year ago in the second quarter of 2015.
Whether demand will continue to weaken in the remainder of 2016, or will rebound in the second half of the year is
unknown. Obviously, one quarter does not indicate a trend. Gross absorption was 2.9 million square feet, an increase over
last quarter reversing a three quarter trend of falling gross absorption.
Industrial vacancy declined in every quarter between the first quarter of 2012 and the fourth quarter of 2015, dropping
from 14.0 percent to 5.5 percent over that period. The first quarter of 2016 saw the first increase in industrial vacancy in
four years, to 5.6 percent. This quarter it fell back down to 5.5 percent. The completion of almost 1.8 million square feet of
new warehouse/distribution space without significant pre-leasing in 2016 was to blame for the last increase.
NORTH LAS VEGAS SUBMARKET
NUMBER OF UNITS BEING SOLD
UNIT #
TOTAL SF
PRICE PER SF
TOTAL PRICE
Single Unit Sale
#30
1,400
$97.00 SF
$137,800.00
Two Unit Sale
#22, #23
2,800
$97.00 SF
$275,600.00
Three Unit Sale
#16, #17, #18
4,200
$97.00 SF
$407,400.00
Three Unit Sale
#24, #25, #26
4,200
$102.00 SF
$429,000.00
UNITS 16, 17, 18, 22, 23, 24 & 30 CAN BE PURCHASED SEPARATELY
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
NORTH LAS VEGAS SUBMARKET
NUMBER OF UNITS BEING SOLD
UNIT #
TOTAL SF
PRICE PER SF
TOTAL PRICE
Single Unit Sale
#30
1,400
$97.00 SF
$137,800.00
Two Unit Sale
#22, #23
2,800
$97.00 SF
$275,600.00
Three Unit Sale
#16, #17, #18
4,200
$97.00 SF
$407,400.00
Three Unit Sale
#24, #25, #26
4,200
$102.00 SF
$429,000.00
16
A
17
A
18
A
16
17
18
22 23 24 25 26
30
73 72 71 70 69
65
N.
PE
CO
S
RO
AD
UNITS 16, 17, 18, 22, 23, 24 & 30 CAN BE PURCHASED SEPARATELY
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
UNITS 16, 17, 18
FEATURES
•
4,200 SF Total
•
1,200 SF Office
•
3,000 SF Warehouse
•
3,000 SF Exterior Gated Outside Fenced Storage
•
3 – Roll-up Garage Doors
•
12’ Clear Height
•
1 – Restroom Within Unit
SALES PRICE:
$407,000 OR $97.00 PSF
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
UNITS 22, 23
FEATURES
•
2,800 SF Total
•
800 SF Office
•
2,000 SF Warehouse
•
2,000 SF Exterior Gated Outside Fenced Storage
•
1 – Roll-up Garage Doors
•
12’ Clear Height
•
1 – Restroom Within Unit
SALES PRICE:
$275,600 OR $97.00 PSF
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
UNITS 24, 25, 26
FEATURES
•
4,200 SF Total
•
1,200 SF Office
•
3,000 SF Warehouse
•
3,000 SF Exterior Gated Outside Fenced Storage
•
3 – Roll-up Garage Doors
•
12’ Clear Height
•
1 – Restroom Within Unit
SALES PRICE:
$429,000 OR $102.00 PSF
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.
NORTH PECOS INDUSTRIAL CENTER
±1,400 – ±7000 SF OFFICE/ WAREHOUSE CONDOMINIUMS
SITUATED ON 4 ACRES
UNIT 30
FEATURES
•
1,400 SF Total
•
400 SF Office
•
1,000 SF Warehouse
•
1,000 SF Exterior Gated Outside Fenced Storage
•
1 – Roll-up Garage Doors
•
12’ Clear Height
•
1 – Restroom Within Unit
SALES PRICE:
$137,800 OR $97.00 PSF
ERIC MOLFETTA, CCIM
VICE PRESIDENT
+1 702 836 3756
[email protected]
CHRIS ZUNIS
ASSOCIATE
+1 702 836 3703
[email protected]
3960 Howard Hughes Parkway, Suite 150
Las Vegas, NV 89169
www.colliers.com/lasvegas
The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All
information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.