retail development site for sale

6725 Via Austi Pkwy., Suite 275 Las Vegas, NV 89119 Main +1 702 796 7900 Fax +1 702 796 7920comre.com

For more information, please contact:

Dan HubbardSenior Director+1 702 688 [email protected]

Bob HawkinsSenior Director+1 702 688 [email protected]

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Retail Development Site For Sale8701 W Sahara Ave. / Las Vegas, Nevada 89117

±2.82 ACRETAIL

DEVELOPMENT SITE

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited use in considering whether to pursue the strictly “AS-IS” negotiations to acquire 8701 W. Sahara Las Vegas, NV 89117 (“the Property”).

This confidential memorandum contains brief, selected information pertaining to the Property and has been prepared by Cushman & Wakefield Commerce, primarily from information supplied by the Owner. It does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. Neither the Owner nor Cushman & Wakefield Commerce, nor any of their officers, employees or agents make any representation of warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents and no legal liability is assumed or to be implied with respect thereto. All prospective buyers agree that they will conduct their own independent investigation of those matters which they deem appropriate in order to evaluate this offering.

By acknowledgment of your receipt of this confidential memorandum, you agree that the memorandum and its contents are confidential. Photocopying or other duplication is strictly prohibited.

THE OWNER AND CUSHMAN & WAKEFIELD COMMERCE EXPRESSLY RESERVE THE RIGHT AT THEIR SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE. OWNER AND CUSHMAN & WAKEFIELD COMMERCE RESERVE THE RIGHT TO CHANGE THE MEMORANDUM, PRICE OR ANY OTHER ITEMS AT ANY TIME.

THIS CONFIDENTIAL MEMORANDUM SHALL NOT BE DEEMED A REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM. IN ADDITION, WHERE TERMS OF A SIGNED CONFIDENTIALITY AGREEMENT PROVIDED BY THE OWNER DIFFER FROM TERMS CONTAINED HEREIN, THE SIGNED CONFIDENTIALITY AGREEMENT SHALL PREVAIL.






SAHARA AVE

LAK

E SA

HA

RA

DR

CR

YST

AL

WA

TER

DR

LAKE EAST DR

SITE

Property Highlights

• 2.82 Acres of land

• Sale Price: $1,795,000

• Rare West Sahara Development Opportunity from 10,000 SF to 17,500 SF Building(s)

• Only one of a few parcels remain on W. Sahara

• Site is anchored by a 335,000 SF corporate office campus employing around 2,000.

• Extremely dense residential trade area

• Located in City of Las Vegas (not county)

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

POPULATION

2016 Estimated Population 18,112 164,384 436,582

2021 Projected Population 19,264 175,318 467,159

HOUSEHOLDS

2016 Estimated Households 7,808 65,622 169,847

2021 Projected Households 8,255 69,553 180,462

2016 Est. Median HH Income $53,078 $55,508 $52,581

2016 Est. Average HH Income $73,518 $75,553 $72,445

2016 Est. Per Capita HH Income $31,580 $30,569 $28,658Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2016 and 2021.








Sahara AveD

urango Dr

Fort Apache R

d

30,00

0 ADT

29,500 AD

T

29,0

00 A

DT

26,500 AD

T

5,700 AD

T3,700 ADT

32,000 ADT

Some Imagery by nearmap - F:\Projects\LV\Hubbard\8701WSaharaAve\Aerial.mxd - 1/23/2017 fhansell

8701 W Sahara0 0.055 0.11 0.165 0.22 0.275

Miles

SITE







Pecole Plaza

Durango Commons

Baycliff Creeks

Canyon Gate Country Club

SITE

Vintage at the Lake Apt. Homes

Lakeside Village

Admiral’s Point

Sahara Durango Center

Smith’s

Symphony

Enclaves Apts.

West Sahara Promenade

Lakes Pacific Townhomes

Great American Plaza







Lake Sahara Plaza

The Wentworth of Las Vegas

Lake Sahara Office

The Lakes

Lakes Business CenterSITE

MJ Christensen Elementary







Lake Sahara Plaza

Approximately 72,000 SF of office space.

Lake Sahara

Approximately 120,000 SF of Office Space

Lakes Business Park

Approximately 450,000 SF of Office Space

SITE

Sutherland Global

Approximately 300,000 SF of Office Space at about 2,000

head count






CITIGROUP SITE STUDY 8701 W Sahara Ave | Las Vegas, NV | Concept Development | 12.22.2016 14

SITE PLAN SCALE: 1”=60’-0”

Site L E G E N D

2-STORYLeased Retail/Restaurant LEVEL 1Leased Offices LEVEL 2

17,400 125 SPOTS

Building S Q F T Parking R E Q U I R E D Parking P R O V I D E D

N

SERVICE ACCESS

PUBLIC ACCESS

UNIT101

2,700 SF

TRASH

SCHEME 3 | MAXIMIZE LEASABLE AREA

UNIT102

2,700 SF

UNIT103

2,700 SFEL

EV /

STA

IRS

LAN

DSC

APE

BU

FFER

103 SPACES

• 2 Restaurant Spaces• 1 Retail Space• Second Level Leased Office Space • Faces Sahara Ave• Optimal Solar Orientation for Offices

Summary K E Y P O I N T S

22SPACES

KEY PLAN

Pedestrian friendly scale

Inviting outdoor spaces

Modern interpretation accented by linear design elements

SAHARA AVENUE

ACCESS DRIVE

EXISTING VISITOR PARKINGFOR CITIGROUP BUILDING

103 SPACES ADJACENT22 SPACES IN SOUTH LOT

125 SPACES TOTAL

SCHEME 1 | MAXIMIZE LEASABLE AREA









Site L E G E N D

Leased Retail/Restaurant 9,920 121 SPACES


UNIT 1012,480 SF

SERV

ICE

AC

CES

S

PUBL

IC A

CC

ESS

UNIT 1022,480 SF

UNIT 1032,480 SF

UNIT 1042,480 SF

TRASH

SCHEME 2 | MAXIMIZE PARKING

LAN

DSC

APE

BU

FFER

22SPACES

103 SPACES

N

• Maximum Parking for Use Flexibility• Up to 3 Units may be Restaurant Use• Public Entrances Visible from Sahara traffic. • West Facing Facades Require Solar Mitigation• Directional parking better for familiar drivers.


KEY PLAN

Simple, contemporary facade with hierarchical moments

Warm material palettes

Linear landscape design inspired by current building fins

103 SPACES ADJACENT22 SPACES IN SOUTH LOT

125 SPACES TOTAL

SAHARA AVENUE

ACCESS DRIVE


SCHEME 2 | MAXIMIZE PARKING








SCHEME 1 | OPTIMIZE ORIENTATION


Site L E G E N D

Leased Retail/Restaurant 10,240 102 SPACES 88 SPACES ADJACENT22 SPACES IN SOUTH LOT

110 SPACES TOTAL


UNIT101

2,560 SF

SERVICE ACCESS

PUBLIC ACCESS + DINING/PLAZA

TRASH

UNIT102

2,560 SF

UNIT103

2,560 SF

UNIT104

2,560 SF

LAN

DSC

APE

BU

FFER

22SPACES

88 SPACES

N

• Optimal Solar Orientation for Outdoor Dining• 2 Restaurant Units & 2 Retail Units = Balanced• Synergizes with Citigroup public entrance.• Visitor-friendly parking configuration


KEY PLAN

Clean facade design with shading elements

Linear facades accents that complement Citigroup Building

Inviting landscape matches building design

SAHARA AVENUE

ACCESS DRIVE


SCHEME 3 | OPTIMIZE ORIENTATION


retail development site for sale

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