golden spring plaza | premier retail center las vegas, nevada … · 2018-12-13 · offering...

Steve Marlis - Broker 702-807-1917 | DirectLIC. # 0022694

Nancy Li - Broker/Sales 702-858-1288| DirectLIC. # 0133398

Exclusively Marketed By: Total Real Estate Nevada

Golden Spring Plaza | Premier Retail Center Las Vegas, Nevada

OFFERING MEMORANDUM

OFFERING MEMORANDUM Golden Spring Plaza, Las Vegas

Steve Marlis - Broker 702-807-1917 | Direct

Nancy Li - Broker/Sales 702-858-1288| Direct

Confidentiality AgreementThe information contained in the following Offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only

by the parting receiving it from TREN (Total Real Estate of NV) and should not be made available to any other person or entity without the

written consent of TREN.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish

only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,

with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and

square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compli-

ance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business

prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable however TREN has not

verified, and will not verify, and of the information contained herein, nor has TREN conducted any investigation regarding these matters and

makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers

and tenants must take appropriate measures to verify all of the information set forth herein.

By receipt of this memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it

in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree

that by accepting this Memorandum you agree to release TREN and hold it harmless from any kind of claim, cost, expense, or liability

arising out of your investigation and/or purchase of this property.



Table of ContentsProperty Summary

Offering Summary

Investment Highlights

Renderings

Site Plans

Area Overview

Demographics

4

5

6

7

8

10

15





Property SummaryTotal Real Estate of NV is proud to present Las Vegas’ newest

development, GOLDEN SPRING PLAZA. Located on the highly

sought after Spring Mountain Rd. in the Asian district, this

33,000 square foot upscale development will appeal to both

the millennials, older generations and those in between.

Opening in the last quarter of 2019, the center will have a

mixture of both professional and retail users along with various

restaurants that will be a masterpiece for connoisseurs of

quality.

Spaces will be available for lease from 1,000 sq/ft to 5,000 sq.

ft. (or more) at rental rates from $3.00 - $4.00 sq. ft., NNN. As

an alternative to traditional Chinese architecture. Golden

Spring Plaza will combine the old-world tradition with today’s

westernized lifestyle.





Offering Summary CONCEPT: Upscale commercial condominiums in the heart of

Las Vegas’ Asian District. Suites can be purchased or leased

and is due to open in last quarter of 2019. Mixture of restau-

rants, professional and retail users.

BUILDING: Brand new development in Las Vegas, NV

PRICE FOR LEASING: $3.00 - $4.00 per sq. ft., NNN

ESTIMATED CAM COST: Projected at $.50 per sq. ft.

AVAILABLE SPACES: 1,000 sq. ft. – 5,000 sq. ft. (or larger)





Investment HighlightsExtremely rare opportunity to lease NEW commercial real estate on Spring Mountain Road in the Asian District of Las Vegas, NV

Brand new upscale shopping center development with non-traditional Asian architecture. Easily accessible from all points in Las Vegas and only 3 miles west of the “Strip”. Exploding Asian population in Southern Nevada (Las Vegas). In 2000 the Asian population was approximately 17,500 people. In 2017 that number increased by 300% to approximately 50,000. Leasing available to qualified tenants. Las Vegas is steadily recovering from the recession. It's now the 11th fastest growing metropolitan area in the US. The Las Vegas metropolitan area is expected to grow from 2.1 million in 2017 to 3.5 million in 2042. This is a 67% increase, and one of the largest expected population booms in the United States.




$3.75 -$4.00psf

$3.75 -$4.00psf

Lease Pricing sheet

$3.00-$3.25 psf $3.00-$3.25 psf


Site Plan





Retail Shops Square-footage







Parcel Map



Retail & Amenities





Regional Map





Aerial Map

TRAFFIC COUNTSSouth Jones Blvd. - 29,500 VPD

Spring Mountain Rd. - 32,000 VPD

Spring Mountain Rd.

S. Jones Blvd.





Location OverviewClark County, the most populous of Nevada’s 17 counties, is home to more

than 2.1 million residents (over 70% of the state's population) and employs over

1,070,000 people. the city of Las Vegas sits at the heart of Clark County with

major attractions, for both American and international visitors, such as

gaming, dining, shopping and business conventions. Las Vegas

has approximately 150,000 hotel rooms with a record high of

over 43 million people visiting Las Vegas in 2017.

Since 2005 the Asian population has more than

doubled to its current estimate of 250,000 more than

any other city in the United States. All that

translates to a robust economy as Las Vegas still

welcomes close to 4,000 new residents a month

many of those Asian.

the Asian population is expected to triple

nationwide by 2060, reaching 39 million

residents. Their share of the nation's population

would more than double from 3.8 percent to 9.4 percent

by 2060. demographers predict that Asians and other

minorities in the U.S. will outnumber Caucasians as soon as 2044.





Demographics2017 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income 2022 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income

1 Mile20,1017,5984,4232.64

3,3264,27242.3

$43,923$60,371

1 Mile21,685

8,1254,7092.66

3,5304,595

42.5$45,433$65,878

3 Mile174,02068,00838,481

2.5426,65341,354

38.7$41,384$58,120

3 Mile184,959

71,82840,472

2.5627,85743,971

39.0$43,018$64,573

5 Mile418,163164,48192,505

2.5265,92598,556

38.2$42,862$60,190

5 Mile

448,029175,41698,172

2.5469,718

105,69838.6

$44,807$67,010

1 Mile

3 Miles

5 Miles




OFFERINGMEMORANDUM


Steve Marlis - Broker 702-807-1917 | Direct LIC. # 0022694Nancy Li - Broker/Sales 702-858-1288| DirectLIC. # 0133398

5925 Spring Mountain RoadLas Vegas, NV 89146

golden spring plaza | premier retail center las vegas, nevada … · 2018-12-13 · offering...

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