owner/user retail/ showroom · 2019-04-13 · for sale owner/user retail/ showroom 580 parkson rd....

presented by:

GINO VINCENT, CCIMVice [email protected]

MARINA [email protected]

F O R S A L E

O W N E R / U S E RR E TA I L /

S H O W R O O M

580 PARKSON RD.HENDERSON, NV 89011

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereofLOGIC COMMERCIAL REAL ESTATE • 3900 S. HUALAPAI WAY, SUITE 200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COM

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof

580 Parkson Rd.Henderson, NV 89011 PROPERTY DETAILS

� Open, flexible floor plan with a high-end showroom, 6 offices, 3 bathrooms, and a breakroom

� In proximity to the US-95 freeway, Cadence Masterplan community, & located within the Henderson Redevelopment Zone

� Ample parking consisting of 41 parking spaces

� Great visibility with pylon signage fronting Sunset Rd.

� Excellent owner/user opportunity for general retail, showroom, office users and more

OFFERING PRICE: $2,695,000

ADDRESS: 580 Parkson Rd., Henderson, NV 89011

APN: 178-02-302-011

SIZE: +/-14,660 SF

YEAR BUILT: 2005

ACREAGE: +/- 0.82 AC

OCCUPANCY: Will Be Sold Vacant

ZONING & JURISDICTION:

CH (Highway Commercial) City of Henderson

PROPERTY OVERVIEW580 Parkson Rd.Henderson, NV 89011

PROPERTY OVERVIEW



580 Parkson Rd.Henderson, NV 89011 AERIAL MAP

SUNSET RD.

PARK

SON

RD.

EASTG

ATE RD.



580 Parkson Rd.Henderson, NV 89011

SUNSET STATION

VALLEY AUTOMALL

W. WARM SPRINGS RD. // 23,000 CPD

FIESTA HENDERSONHOTEL & CASINO

W. LAKE MEAD PKWY. // 42,000 CPD

N. BOULDER HWY. // 36,700 CPD

W. SUNSET RD. // 37,000 CPD

N. ST

EPHA

NIE ST

. // 31

,000 C

PD

UNION VILLAGE

SUBJECT

W. LA

KE ME

AD PK

WY. // 3

4,000

CPD +/- 13,000 HOMES

TUSCANY RESIDENTIALVILLAGE

GALLERIA MALL

AERIAL MAP




LAKE MEAD PKWY. // 42,000 CPD

BOULDER HWY. // 36,700 CPD

BURKHOLDER BLVD.

SUNSET RD.

ST. ROSEDOMINICAN HOSPITAL

VALLEY AUTOMALL

SUNSET STATIONHOTEL & CASINO GALLERIA MALL

UNION VILLAGE

FIESTA HENDERSONHOTEL & CASINO

SUBJECT

+/- 13,000 HOMES

AERIAL MAP



580 Parkson Rd.Henderson, NV 89011 FLOOR PLAN

PARKSON RD.

OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE BREAK ROOMELEC.

STORAGE

+/- 14,660 SF

NAP

W. SU

NSET RD

.



580 Parkson Rd.Henderson, NV 89011 PARCEL MAP

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NO

TES

This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.

MA

P LE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 3/30/2017

T22S R62E 2 N 2 SW 4 178-02-3

31

30

19

1

1314

121110987

6 5 4 3 2

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OK

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P

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PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

160161

179178177

162

189190191

140 141139

180

159

188

Michele W. Shafe - Assessor

SUBJECT




RADIUS MAP

DEMOGRAPHICS

POPULATION 1-mile 3-mile 5-mile

2018 Estimated Population 6,595 102,581 274,948

2023 Projected Population 7,486 114,781 300,293

2010 Census Population 5,501 85,597 243,141

Annual Growth 2010 - 2018 2.22% 2.22% 1.50%

Annual Growth 2018 - 2023 2.57% 2.27% 1.78%

INCOME 1-mile 3-mile 5-mile

2018 Average Household Income $65,174 $66,720 $74,437

2023 Projected Average Household Income $75,567 $77,146 $85,347

2018 Per Capita Income $25,541 $25,631 $28,374

2023 Per Capita Income $28,944 $29,331 $32,236

HOUSEHOLDS 1-mile 3-mile 5-mile

2018 Total Households 2,592 38,889 103,366

2023 Total Households 2,895 43,235 112,158

2010 Census Households 2,229 32,911 93,039

HOUSING 1-mile 3-mile 5-mile

2018 Total Housing Units 2,824 42,850 114,062

2018 Owner Occupied Housing Units 1,240 20,970 59,170

2018 Renter Occupied Housing Units 1,352 17,919 44,196

2018 Vacant Housing Units 232 3,961 10,696

2023 Total Housing Units 3,134 47,253 123,342

2023 Owner Occupied Housing Units 1,366 23,574 65,580

2023 Renter Occupied Housing Units 1,529 19,661 46,578

2023 Vacant Housing Units 239 4,018 11,184



580 Parkson Rd.Henderson, NV 89011 OWN VS LEASE COMPARISON

OWNBuilding Shell Price $184 PSF $2,695,000

Interior Improvements $0 PSF $-

Total Project Costs $2,695,000

Total Price per Sq. Ft. $184 PSF

START-UP COSTS

Cash Down Payment 10% $269,500

Estimated Bank Fees 3% $72,765

Estimated 3rd Party (Appraisal / Environmental) $5,000

Total Cash Required $347,265

MONTHLY COSTS

Mortgage Payment (Monthly) 5.75% 25 yr am $15,259

Total Monthly Payment $1.04 PSF $15,259

TOTAL ADJUSTED MONTHLY COSTS

Monthly Payment $1.04 $15,259

Less Depreciation ($0.35) ($5,183)

Adjusted Monthly Payment $0.69 $10,076

Forecasted Ownership Benefits

Monthly Mortgage Payment in 10 Years $15,259

Cash Savings After 10 Years $689,830

Equity After 10 Years $857,477

Assumptions: Depreciation est. at 80% allocation of purchase price.

LEASEMonthly Lease Rate $18,325

Lease Rate per Sq.Ft. $1.25 PSF

START-UP COSTS

Prepaid Lease 2 Months $36,650

Security Deposit 1 Month $18,325

Total Cash Required $54,975

MONTHLY COSTS

Lease Payment (Monthly) $18,325

Total Monthly Payment $1.25 PSF $18,325

TOTAL ADJUSTED MONTHLY COSTS

Total Monthly Payment $1.25 $18,325

Less Depreciation $0 $0

Adjusted Monthly Payment $1.25 $18,325

Forecasted Cost of Continuing to Lease

Monthly Lease Payment in 10 Years $24,627

Cash Savings After 10 Years $0

Equity After 10 Years $0

Assumptions: Assumes lease rate increase of 3% each year.

LOGIC COMMERCIAL REAL ESTATE • 3900 S. HUALAPAI WAY, SUITE 200 • LAS VEGAS, NV 89147 • P: 702.888.3500 • WWW.LOGICCRE.COMThe information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof

PROPERTY MANAGEMENTLOGIC Property Management team members are tenured professionals with a comprehensive knowledge and understanding of commercial real estate management. We methodically approach each assignment with customized management strategies that meet the client’s needs, maintain the property’s physical plant, and effectively service tenants.

We know our priority is to cooperate with our tenants by working intelligently to reduce expenses and to serve our owner-clients by identifying creative ways to drive income. We provide for accountability in every step we take, from management to accounting. Logic Property Management will pinpoint a client’s goals and objectives, meet challenges, and achieve expected results from your investment.

Contact:LAUREN VANISKIDirector of Property [email protected]

ADDITIONAL SERVICES

CAPITAL MARKETSLOGIC Capital Markets is a preferred funding source for investors, developers and operators of commercial real estate. Our loan brokerage service & origination platform provide our clients access to the market’s wide range of competitive products for all property types. Through our relationships which include banks, conduits, life companies, mortgage funds, and hard money lenders, we are able to offer debt and equity financing for the purpose of acquisition, development, refinance, buyouts, and more.

Contact:JEFF [email protected]

We provide a host of services to our clients that include Property Management and Capital Markets.

owner/user retail/ showroom · 2019-04-13 · for sale owner/user retail/ showroom 580 parkson rd....

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