property summary - loopnet...±4.26 acres year built 2001 zoning m-1, clark county with ae-60...
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±86,515 SF FLEX BUILDING
CBRE is pleased to present an exceptional opportunity for an investor to acquire 920 Pilot Road (the “Property” “Building”).
The Offering includes an ±86,515 flex building ideally situated within Hughes Airport Center, Las Vegas’s premier 420-acre
master-planned industrial and office park. With industrial vacancy at 1.91%, below the market average of 2.60%, the airport
submarket is home to Scientific Games, MGM Resorts International, Caesars Entertainment, Foliot Furniture, Solar City,
Century Link and more. The Property is ideally located adjacent to McCarran International Airport within Hughes Airport Center
near the junction of the I-15 and I-215 freeways and within three miles of the famous Las Vegas Strip. The building is 100% leased
to Pololu, an electronics manufacturer, and online retailer.
INVESTMENT HIGHLIGHTS• HIGH-IMAGE fully-stabilized corporate quality
building with highly visible building signage
• MODERN ARCHITECTURE consisting of tilt-up
construction, parking ratio of 3.2/1,000SF and
landscaped with drought-tolerant landscaping consisting
of trees, shrubs, flowers and decorative rock
• IDEAL LOCATION within the highly desirable Hughes
Airport Center, a premier master-planned office and
industrial park immediately south of McCarran
International Airport and blocks away from the
I-215 and I-15 freeways
• CORPORATE ENVIRONMENT within a tech/gaming
neighborhood and neighbors such as Scientific
Games, MGM Resorts International, Caesars
Entertainment, Foliot Furniture, Solar City,
Century Link and more
• CAPITAL IMPROVEMENTS recently completed
exceeding $950,000 including a new entrance, loading
door, flooring, restrooms, HVAC, tenant improvements,
and exterior landscaping.
• SUBMARKET VACANCY of only 1.91% with extremely
limited new construction
• OFFERED WELL BELOW REPLACEMENT COST
• BARRIERS TO ENTRY with escalating construction
costs, coupled with a lack of available land have created
barriers to new competitive development
• OWNED FREE AND CLEAR thus may be purchased for
cash or with debt financing.
INVESTMENT CONTACTSCharles Moore, CSMSenior Vice [email protected]
Marlene Fujita, CCIMSenior Vice [email protected]
LEASING CONTACTSGreg Tassi, SIORSenior Vice [email protected]
Donna Alderson, SIORSenior Vice [email protected]
DEBT & STRUCTURED FINANCE CONTACTBob Ybarra+ 1 702 369 [email protected]
PROPERTY SUMMARYADDRESS 920 Pilot Road, Las Vegas, Nevada
TOTAL SIZE ±86,515 SF
STORIES One 2-Story Building with 2 grade level doors
PARKING 277 Spaces (3.2/1,000 SF)
SITE AREA ±4.26 Acres
YEAR BUILT 2001
ZONING M-1, Clark County with AE-60overlay
PURCHASE PRICE $11,920,000 ($138/SF)
IN-PLACE NOI $828,000
IN-PLACE OCCUPANCY 100%