retail development site for sale
TRANSCRIPT
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.
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.
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.
Retail Development Site For Sale8701 W Sahara Ave. / Las Vegas, Nevada 89117
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
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
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
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
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
Lake Sahara Plaza
The Wentworth of Las Vegas
Lake Sahara Office
The Lakes
Lakes Business CenterSITE
MJ Christensen Elementary
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
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
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.
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
Retail Development Site For Sale8701 W Sahara Ave. / Las Vegas, Nevada 89117
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.
CITIGROUP SITE STUDY 8701 W Sahara Ave | Las Vegas, NV | Concept Development | 12.22.2016 13
SITE PLAN SCALE: 1”=60’-0”
Site L E G E N D
Leased Retail/Restaurant 9,920 121 SPACES
Building S Q F T Parking R E Q U I R E D Parking P R O V I D E D
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.
Summary K E Y P O I N T S
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
EXISTING VISITOR PARKINGFOR CITIGROUP BUILDING
SCHEME 2 | MAXIMIZE PARKING
Retail Development Site For Sale8701 W Sahara Ave. / Las Vegas, Nevada 89117
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.
CITIGROUP SITE STUDY 8701 W Sahara Ave | Las Vegas, NV | Concept Development | 12.22.2016 12
SCHEME 1 | OPTIMIZE ORIENTATION
SITE PLAN SCALE: 1”=60’-0”
Site L E G E N D
Leased Retail/Restaurant 10,240 102 SPACES 88 SPACES ADJACENT22 SPACES IN SOUTH LOT
110 SPACES TOTAL
Building S Q F T Parking R E Q U I R E D Parking P R O V I D E D
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
Summary K E Y P O I N T S
KEY PLAN
Clean facade design with shading elements
Linear facades accents that complement Citigroup Building
Inviting landscape matches building design
SAHARA AVENUE
ACCESS DRIVE
EXISTING VISITOR PARKINGFOR CITIGROUP BUILDING
SCHEME 3 | OPTIMIZE ORIENTATION
Retail Development Site For Sale8701 W Sahara Ave. / Las Vegas, Nevada 89117