South Park Center

Las Vegas, Nevada

Building

Stats

Property Type Retail - Street Retail
Year built 1977
Building size (SF) 8,000
Size (Ac) 0.48
Price $2,500,000

Overview

South Park Plaza is an 8,000 SF building consisting of a total of 10 multi-tenant suites that are approx. 800 sf each and is located at the Northwest corner of East Russell Road and South Eastern Avenue. In-place rents are currently 10% - 15% below market providing a new owner an opportunity to mark tenants to market and substantially increase revenue.

Highlights

Strong neighborhood tenant mix include Sofia’s Pizza, Loudd Pax and Cedeno Multiservices.

Below Market Rents – The tenant mix offers staggered lease expirations lowering vacancy risk. In-place rents are currently 10% - 15% below market, providing significant future value-add opportunities with upcoming expirations.

Convenient Regional & Local Accessibility South Park Plaza has close proximity to I-215 Beltway (+/- 116,130 CPD) with direct access via Eastern Avenue.

Residential and Commercial Density Proximity to both residential and commercial density keeps the property busy throughout the day and night.