OWNER/USER RETAIL/ SHOWROOM · 2019-04-13 · for sale owner/user retail/ showroom 580 parkson rd....
Transcript of 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
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 AERIAL MAP
SUNSET RD.
PARK
SON
RD.
EASTG
ATE RD.
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
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
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
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
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 FLOOR PLAN
PARKSON RD.
OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE BREAK ROOMELEC.
STORAGE
+/- 14,660 SF
NAP
W. SU
NSET RD
.
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 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
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1314
121110987
6 5 4 3 2
3635343332
29 28 27 26
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BO
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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
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
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
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 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.