FOR SALE – LONGEVITY INDOOR SPORTS CENTER 5975 TOPAZ … · License # NV-BS.23886. FOR SALE ffi...

F OR S A L E – LON G E V I T Y I N D O OR S P ORT S C E N T E R

L A S V E G A S , N E VA DA 8 9 1 2 0

5975 TOPAZ STREET

±79,254 SF 100% AIR CONDITIONED WAREHOUSE

L A S V E G A S S T R I P

PRICE REDUCED!

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.

COLLIERS INTERNATIONAL 3960 Howard Hughes Parkway, Suite 150

Las Vegas, NV 89169

MIKE WILLMORE +1 702 836 3748 [email protected] License # NV-S.0183520

ALEX STANISIC +1 702 836 3742 [email protected] # NV-S.0179950

DEAN WILLMORE, +1 702 836 3763 [email protected] # NV-BS.23886

F OR S A L E – ± 79 , 2 5 4 S F WA R E H O U S E A N D S P ORT S C E N T E R

5975 TOPAZ STREETL A S V E G A S , N E VA DA 8 9 1 2 0

• ±79,254 SF free-standing two-story building on ±2.74 Acres

• ±72,800 SF on the first floor with ±6,454 SF of finished office space on second level

• Additional ±3,390 SF of open observation mezzanine space not included in total square footage

• 800 amps of 277/480v, 3-phase power

• M-D (Light Industrial) masterplanned zoning

• Four(4) 12’x12’ grade level truck roll-up doors

• LED lighting and commercial grade ceiling fans

• 67 parking spaces (102 spaces with leased lot)

• Steel frame construction

• Elevator service to 2nd floor

• ±30’ minimum to ±50’ maximum interior clearance

• Multi-stall restrooms with lockers

• Indoor soccer fields and one (1) tennis court

• Fully fire sprinklered

• Natural Gas Service

• Built in 2007

• APN: 162-36-202-028

• ASKING: $7,770,000 ($98.04/SF)

Property Details

UPRR

SOUTHERNHILLS HOSPITAL

SOUTHERNHILLS HOSPITAL

ST. ROSESAN MARTIN

HOSPITAL

ST. ROSESAN MARTIN

HOSPITAL

SPRINGVALLEY

HOSPITAL

SPRINGVALLEY

HOSPITAL

RED

RO

CK

NA

TIO

NA

LCO

NSE

RVA

TIO

N A

REA

CCSNCHARLESTON

CAMPUS

CCSNCHARLESTON

CAMPUS

UNIVERSITYMEDICAL CENTER

UNIVERSITYMEDICAL CENTER

CCSNCHEYENNE

CAMPUS

CCSNCHEYENNE

CAMPUS

DESERTSPRINGS

HOSPITAL

DESERTSPRINGS

HOSPITAL

ST. ROSEDOMINICAN HOSPITAL

SIENA CAMPUS

ST. ROSEDOMINICAN HOSPITAL

SIENA CAMPUS

ST. ROSEDOMINICAN

HOSPITAL

ST. ROSEDOMINICAN

HOSPITAL

CCSNHENDERSON CAMPUS

CCSNHENDERSON CAMPUS

15

15

15

15

15

93

93

93

95

93

95

95

95

93

93

93

95

95

95

215

215

215

215

215

515

515

515

502

593

564

582

160

604

604

604

589

159

599

574

573

147147

147

147

595

595 607

607

146

582

612

157

15

GRAND TETON DRIVE

ELKHORN ROAD

LOSSE ROAD

W CENTENNIAL PARKWAY

ANN ROADW ANN ROAD

SIMMONS STREET

N DECATUR BLVD

CRAIG ROAD

E DESERT INN ROAD

W CHARLESTON BLVD E CHARLESTON BLVD

W SAHARA AVE

W DESERT INN ROAD

FLAMINGO ROAD FLAMINGO ROAD

BUFFALO DRIVE

S RAINBOW BLVD

S DURANGO DRIVE

FORT APACHE ROAD

TROPICANA AVENUE TROPICANA AVENUE

BOULDER HWY

STEWART AVENUE

E BONANZA ROAD

E OWENS AVENUE

W LONE MOUNTAIN ROAD

N JONES BLVD

W ALEXANDER ROAD

W CHEYENNE AVENUE

S DECATUR BLVDN DECATUR BLVD

N JONES BLVD

E SAHARA AVE

S PECOS ROAD

S EASTERN AVENUE

BLUE DIAMOND ROAD

W WARM SPRINGS ROAD

S RAINBOW BLVD

GOMER ROAD

S JONES BLVD

W SUNSET ROAD

W RUSSELL ROAD

VALLEY VIEW ROAD

VALLEY VIEW ROAD

N RANCHO DR

SOUTH LAS VEGAS BLVD

BERMUDA RD

MARTIN LUTHER KING JR BLVD

N 5TH STREET

N LAS V

EGAS B

LVD

N EASTERN AVE

W WASHINGTON DRIVE

E LAKE MEAD BLVD

W LAKE MEAD BLVD

TOWN CENTER DRIVE

W HORIZ

ON RIDGE PKWY

N STEPHANIE STREET

LAMB BLVD

NELLIS BLVD

HUALAPAI WAY

RACETRACK ROAD

COLLEGE DR

EQUESTRIAN DR

E PARADISE HILLS DR

RICHARDSON DRIVE

BURKHOLDER BLVD

GREEN VALLEY PARKWAY

MARYLAND PARKWAY

E RUSSELL ROAD

WARM SPRINGS ROAD

MARYLAND PARKWAY

ALTA DRIVE

VEGAS DRIVE

SMOKE RANCH ROAD

PECOS ROAD

S HOLLYWOOD BLVD

N DURANGO DRIVE

CAMINO AL NORTE

WINDMILL LN

UNION PACIFIC RR

KYLE CANYO

N RD

S BUFFALO DRIVE

E WASHINGTON AVE

N HOLLYWOOD BLVD

N LOS FELIIZ ST

VEGAS VALLEY DRIVE

FREMONT ST

S SANDHILL ROAD

E SUNSET ROAD

E SUNSET ROAD

WINDMILL LANE

DEAN MARTIN DR

W SILVERADO RANCH BLVD

W CACTUS AVE

SOUTHERN HIGHLANDS PARKWAY

SHINNECOCK HILLS AVE

MOUNTAINS EDGE PKWY

W CACTUS AVE

S FORT APACHE RD

W WIGWAM AVE

VOLUNTEER BLVD

ANTHEM PARKWAY

SEVEN HILLS DR

AMERICAN PACIFIC DR

EASTGATE RD

BROADBENT BLVD

MISSION DR

GREENWAY RD

W PACIFIC AVE

S WATER STE VAN WAGENEN ST

FOOTHILLS DR

APPALOOSA RD

S MAGIC WAY

CENTER ST

PABCO ROAD

N ARROYO GRANDE BLVD

VALLE VERDE DR

E PEBBLE ROAD

SPRING MOUNTAIN RD

PARADISE RD

E ST LOUIS AVE

N BRUCE ST

E EVANS AVE

BELMONT ST

E CAREY AVE

S LAMB BLVD

N PECOS ROAD

WASHBURN RD

N TENAYA WAY

SEVERENCE LANE

DEER SPRINGS WAY

CLIFF SHADOWS DRIVE

DESERT FOOTHILLS DR

W ARBY AVE

PAIUTE

WAY

HACIENDA AVE

St Rose

Parkw

ay

UNION

PACIFIC

RR

E LAKE MEAD PA

RKWAY

WESTCLIFF DRIVE

N RAINBOW BLVD

LAKE LAS VEGAS PKWY

SUMMERLIN PARKWAYIND

USTRIAL

ROA

D

BUFFALO DRIVE

CRAIG ROAD

E CHEYENNE AVENUE

E LAKE MEAD BLVD

LOSEE

RD.

“THE

STRIP

”

GIBSON Rd.

BUFFALO DRIVE

NELLIS AFB

NORTH LAS VEGASAIRPORT

MC CARRANINT’L AIRPORT

LAKELAS VEGAS

LOSPRADOS

SOUTHERNHIGHLANDS

SUNSETPARK

LAS VEGASMUNICIPAL

SPANISH TRAIL

RHODESRANCH

NEVADATRAILS

CORONADORANCH

DURANGOHILLS

HENDERSON EXECUTIVEAIRPORT

LAS VEGAS

EASTLAS VEGAS

GREENVALLEY

SUMMERLIN

HENDERSON

NORTHLAS VEGAS

SILVERADORANCH

DEL WEBB’SANTHEM

SOUTHFORK

SUNRIDGE WESTCANYON

DEL WEBBSUN CITY MACDONALD RANCH

RAILROADPASS

MACDONALDHIGHLANDS

WHITNEYRANCH

UNLV

BOULEVARDMALL

SPRINGVALLEY

SUNRISECOLONY

THE LAKES

PECCOLERANCH

SUN CITY LAS VEGASDESERTSHORES

RANCHOALTA MIRA

RANCHODEL NORTE

EL DORADO

PARK HIGHLANDS

IRONMOUNTAIN

RANCH

PROVIDENCE

SILVERSTONE

LAS VEGASMOTOR SPEEDWAY

APEX INDUSTRIAL PARK

LAS VEGASPAIUTE GOLF RESORT

MOUNTAIN’SEDGE

ALIANTE

SHADOWCREEK

SUNRISEVISTA

DESERT PINES

DESERTROSE

ROYALLINKS

STALLIONMOUNTAIN

REFLECTIONBAY

THEFALLS

TUSCANY

BLACKMOUNTAIN

DRAGON RIDGEDRAGON RIDGE

ANTHEM

REVERE

RIO SECCO

WILDHORSE

LEGACY

BALIHAI

WYNN

LAS VEGASCC

PAINTED DESERT

EAGLECREST

TPC ATCANYONS

TPC ATSUMMERLIN

HIGHLANDFALLS

PALMVALLEY

REDROCK

BADLANDS

BEAR’SBEST

ANGELPARK

CANYONGATE

SIENA

INSPIRADA

KYLECANYONGATEWAY

SPRINGMOUNTAIN

RANCH

ELKHORNSPRINGS

SEVEN HILLS

TOWNSQUARE

NELLIS AFB

SUBJECT



Las Vegas, NV 89169






THE OFFERINGColliers International is pleased to offer for sale the Longevity Indoor Sports Center, which is one of the largest, indoor recreational facilities in Southern Nevada. Located just north of Sunset Road, a major east/west arterial of Las Vegas and east of McCarran International Airport, the 6th busiest airport in North America, the Center offers a convenient, central city location for business and customers. The facility is currently owner occupied by Longevity Sports Center (www.longevitysportscenter.com), who will vacate upon sale.

LOCATION The Property is located in the Airport Industrial Sub-Market of Las Vegas, which includes 15.2 million square feet of industrial space and is the third largest industrial sub-market in Las Vegas. The Airport Sub-Market commands the highest weighted average industrial rents in the city at $0.98 NNN, vs. $0.64 NNN for the total Las Vegas Market, because of its central location. The Property is one mile from McCarran Airport and approximately four miles from the I-15 Freeway, Las Vegas ‘Strip’ and UNLV. Access for customers and employees by interstate, air and public transportation is excellent and there are numerous dining, shopping and services nearby.

PROPERTY SUMMARY±79,254 SF, free standing steel building with 30’ minimum to 40’ maximum interior clearance and 100% air-conditioned space. Square footage includes ±6,454 SF of second floor office. The Property is master-planned industrial, with a Special Use Permit for Recreational uses, which will transfer to the new owner. The Owner currently leases an adjacent 0.55 acre parcel for additional parking, at a cost of $500 per month. That lease expires in 2023 and includes a Right of First Refusal to Purchase.

LOW COST The estimated replacement cost for the Property, including land, construction and indirect costs, is approximately $10.5 million. Additionally, Las Vegas has very competitive energy rates of approximately $0.08 per kilowatt hour, versus approximately $0.14 for California and $0.10 average electricity cost nationwide.

HISTORY The Property was developed in 2007 by a local cardiologist as an indoor Tennis Facility for his son. He sold the facility a year later to a New York hedge fund and the current owner acquired the Property in 2011. The current owner’s son is an ATP World Tour Professional Tennis player, ranked 417 in the world. After acquiring the Property, the seller invested more than $1.5 million in upgrades and interior improvements.

USE PERMIT The Property was granted a Special Use Permit (UC-1544-04) in 2004 by Clark County for a recreational tennis facility. Additional approved uses include soccer, Lacrosse, Basketball, Dodgeball, Volleyball, Football, Baseball, Trampoline/Bounce House, Weightlifting/Fitness, Stationary Cycling, Crossfit, Aerobics, Yoga, Dancing, Zumba, Tai Chi and Martial Arts. The total occupant load is rated at 290 people. The surrounding area is transitioning from residential to industrial uses and the Department of Aviation has purchased most of the adjacent vacant land and demolished the homes that were existing and placed Deed Restrictions preventing any residential uses in the future.

EXECUTIVE SUMMARY


Las Vegas, NV 89169

MIKE WILLMORE +1 702 836 3748 [email protected] # NV-S.0183520


DEAN WILLMORE +1 702 836 3763 [email protected] # NV-BS.23886

F OR S A L E – ± 78 , 8 6 0 S F F R E E S TA N DI N G I N D U S T R I A L B U I L DI N G


15

215

RUSSELL ROAD

MCCARRAN AIRPORT CONNECTOR

SUNSET ROAD

MCCARRAN INTERNATIONAL

AIRPORT

LASVEGAS“STRIP”

LAS

VEGA

S BO

ULEV

ARD

EAST

ERN

AVEN

UE

MAR

YLAN

D PA

RKW

AY

TOWN SQUARE

LAS VEGAS PREMIUM OUTLET SOUTH

N

MCCARRANAIRPORT

CAR RENTAL FACILITY

Copyright © 2018 Colliers International.






215 Beltway......................... 2.00 milesThe Las Vegas Strip............. 4.00 milesMcCarran Inter’l Airport....... 1.00 milesThe US Post Office............... 2.00 miles

DISTANCES TO:





Las Vegas, NV 89169






FIRST FLOOR±280’

GL DOOR

ELEVATOR

GL DOOR

GL DOOR

GL DOOR

±260

’

N



Las Vegas, NV 89169






SECOND FLOOR±280’

±260

’

N

ELEVATOR



Las Vegas, NV 89169






2585 E. OQUENDO ROAD ±0.55 acres

APN: 162-36-202-004

SUBJECT 5975 Topaz Street

±79,254 SF

GL DOOR

GL DOOR

GL DOOR

GL DOOR

±280’

±260

’N

Las Vegas, Nevada, home to 2.2 million people, has become a popular place to start-up, expand or relocate a business, due to its strategic location in the southwest United States, its right-to-work legislation and its light tax burden. Nevada does not have any personal or corporate income tax, franchise tax on income, inheritance or gift tax, admissions tax, unitary tax or estate tax. It also has competitive sales and property tax rates and minimal employer payroll tax rates. Las Vegas boasts first-in-class fiber optic data connections, making it a national data hub. Compared to other metro regions, median industrial, office and residential rents are at or below the national average, making Las Vegas a favored region for new business start-ups and growing operations. Other local benefits include:

CHEAP LABORMany companies are moving their operations to Las Vegas due to the abundance of qualified labor and low hourly wages. The current average hourly wage of $19.90 is 11% below the national average.

LIFESTYLE AMENITIESThe Las Vegas Strip is home to some of the best entertainment, dining and shopping in the world. With multiple athletic teams, including the NHL Golden Knights, The NFL Las Vegas Raiders, as well as new professional soccer and WNBA teams, Las Vegas is also poised to become an epicenter for athletic events. The surrounding valley also offers many other attractions such as hiking at the Red Rock National Conservation Area, skiing at Mt. Charleston, boating at the Lake Mead National Recreation Area or watching a Broadway play at the Smith Center for Performing Arts. Las Vegas has over 25 golf courses and features two of the top courses in the United States, Shadow Creek and The Wynn. The Las Vegas Motor Speedway is home to several NASCAR races every year.

GAMING CAPITAL OF THE WORLDLas Vegas remains the gaming mecca of the world and to be a gaming operator, is a fundamental location. Due to an acceleration in population growth in recent years, the economy has substantially diversified from its gaming roots – although visitors spend more today on gambling than in recent years, the remainder of the budget is well distributed across entertainment, food, sight-seeing and shopping. The leading industry has become tourism, not gaming, as visitors now spend more on rooms, restaurants, goods and services.

RAIDERS STADIUMThe new Las Vegas Raiders $1.9 billion, 65,000-seat Stadium is under construction and scheduled to be open by the 2020 NFL Season. The Raiders Stadium will be located on a 62-acre site on Russell Road, west of I-15 and Mandalay Bay Resort and Casino on the South end of Las Vegas “Strip.” Close to McCarran International Airport and adjacent to the I-15 Freeway, the stadium will offer a glass-domed roof, state-of-the-art retractable doors and a natural-grass playing field. These features will provide fans with an outdoor feel including stunning views and a comfortable climate.

INEXPENSIVE HOUSINGLas Vegas offers some of the most affordable housing in the western United States, with a median home value of $246,700, which is well below the western US average list price of $360,490. Recently, Trulia.com ranked Las Vegas as the No. 1 most undervalued real estate market in the country.

TOURISMThe Las Vegas and Convention and Visitors Authority reported the number of visitors for 2016 topped 43 million. 2016 brought in 900,000 more visitors than our 2015 total of 42 million. There are nearly 44,000 cars per day crossing the California-Nevada state line, with another 4 million people annually entering via airlines.

CONVENTIONSLas Vegas conventions are the “fuel” supporting business tourism growth. In 2015, 5.7 million people attended 22,100 conventions and meetings in Las Vegas. Although Las Vegas has more than 11 million square feet of combined meeting spaces and more than 150,000 motel and hotel rooms, our convention economy is poised for even more dramatic growth, especially since Mandalay Bay completed its 2-million square foot convention expansion and the $375 million T-Mobile Arena opening in 2016. In early 2017, the Aria Hotel added an additional 200,000 square feet of flexible meeting space at the cost of $154 million. In the years to come, the LVCVA’s Convention Center’s $9 billion master plan will yield an entire “convention city,” leading to exponential convention growth opportunities.

MARKET OVERVIEW





Las Vegas, NV 89169






Las Vegas, NV 89169






BUSINESS INCENTIVESNevada offers incentives to qualifying businesses which relocate to, or expand in Southern Nevada. The State can offer, with the assistance of the Las Vegas Global Economic Alliance (www.lvgea.org):

TAX INCENTIVESNevada’s tax climate is among the most attractive in the Country. There are a number of taxes common to many of the 50 States which are not imposed in Nevada, including:

NEVADA INCENTIVES

• Sales and Use Tax Abatement that can reduce the

rate to 2 percent

• Modified Business (Payroll) Tax Abatement of up to

50 percent of the 1.17 percent rate for four (4) years

• Personal Property Tax Abatement of 50 percent for

up to Ten (10) years

• Real Estate Tax Abatement for recycling of up to

50 percent for Ten (10) years

• Aircraft and Aviation partial Tax Abatement for

sales and use tax and personal property tax for up

to Twenty (20) years

• Data Center partial Tax Abatement for sales and use

personal property tax for up to Twenty (20) years

• A Variety of Training Grants for advancing your

workforce, including the Train Employees

Now (TEN) program and the Silver State Works

Employee Hiring Incentive

• No Personal Income Taxes

• No Corporate Income Taxes

• No Sales Tax on Food Items for home use,

medicine or services

• No Inheritance or Estate Taxes

• No Gift, Franchise or Unitary Taxes

• No Inventory Taxes

• No Admissions or Special Intangible Taxes

• No Chain Store or Bank Share Taxes

• No Bank Excise Taxes

FOR SALE – LONGEVITY INDOOR SPORTS CENTER 5975 TOPAZ … · License # NV-BS.23886. FOR SALE ffi...

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Transcript of FOR SALE – LONGEVITY INDOOR SPORTS CENTER 5975 TOPAZ … · License # NV-BS.23886. FOR SALE ffi...