Sundance Park

For Sale

5888 W Sunset Road, Las Vegas, NV 89118

This Las Vegas property for sale is located at 5888 W Sunset Road. The current listed sale price for Sundance Park is $8,750,000. Sundance Park is situated on a lot that is 2.08 acre in size.

Contacts

broker
Merlene Winkel

Cushman & Wakefield

broker
Emily Brun

Cushman & Wakefield

broker
Cody Seager

Cushman & Wakefield

Property Details

  • Property Type Office
  • Property Size 29,303 SF
  • Lot Size 2.08 Acre
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Ratio 5.84 / 1,000 SF
  • Year Built 2006
  • Date Updated Dec 20, 2024
Cushman & Wakefield US, Inc., is pleased to introduce for acquisition, Sundance Park, an office building located at 5888 West Sunset Road (“The Property”). The two-story suburban Class A office building is situated in the booming Southwest Submarket near Interstate 215 and South Jones Boulevard. The Property consists of ±2.08 acres and ±29,303 rentable square feet. The Property is a perfect investment (100% leased, fixed annual increases, below market rents) for investors seeking very stable (credit tenants, e.g. Walgreens, ICW Insurance) cash flow in a high demand area.
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Highlights

  • Occupancy: 100% In-Place NOI: $299
  • 232 In-Place Cap Rate: 7.99% LONG TERM TENANCY Two tenants
  • which make up 47% of the total square feet occupied
  • have been in place for seven years or longer. In a market where tenant leases are typically three to five years
  • the weighted average lease term (WALT) is an attractive investment metric for buyer’s consideration. Additionally
  • Walgreens recently reevaluated its footprint during its most recent lease renewal and right-sized its footprint for future occupancy. Therefore
  • the space occupied is sized for their operational needs as a regional administrative office. MINIMAL FUTURE TENANT IMPROVEMENTS 53%
  • or all but two suites
  • have recently been renovated to current interior standards. These recent renovations provide a new owner with turn-key spaces. If tenants are to vacate after their current lease cycle
  • minimal tenant improvements would be required to attract a new tenant. Furthermore
  • these suites are 5
  • 000 sf or less
  • which is what

Getting around

  • 22/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 31/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Las Vegas, NV
  • Neighborhood Spring Valley
  • Zip Code 89118
  • Market Las Vegas

Points of Interest

  • Mandalay Bay

    3.02 miles

  • Luxor

    3.16 miles

  • Rideshare Pickup

    3.22 miles

  • Excalibur

    3.24 miles

  • Excalibur North

    3.33 miles

  • Park MGM Tram Station

    3.49 miles

  • The Crystals Tram Station

    3.62 miles

  • Bellagio Tram Station

    3.64 miles

  • MGM Grand

    3.70 miles

  • Terminal 1

    4.17 miles

  • Chevron

    0.12 miles

  • Maverik

    0.75 miles

  • Arco

    0.80 miles

  • Conoco

    0.83 miles

  • 76

    1.28 miles

  • Shell

    1.29 miles

  • Rebel

    1.32 miles

  • Fil's Gas Station

    1.37 miles

  • Tesla Supercharger

    1.79 miles

  • Linq High Roller Supercharger

    4.33 miles

  • Allegiant Stadium Lot Z

    2.04 miles

  • Lot S

    2.32 miles

  • Ford Lot J

    2.33 miles

  • Ford Lot H

    2.39 miles

  • Lot W

    2.39 miles

  • Lot K

    2.42 miles

  • Ticketmaster Lot G

    2.42 miles

  • OSV Lot

    2.43 miles

  • West Garage

    2.46 miles

  • Lot F

    2.48 miles

  • SpringHill Suites Las Vegas Airport

    0.85 miles

  • Holiday Inn Express & Suites Las Vegas SW - Spring Valley

    1.14 miles

  • Club De Soleil

    1.96 miles

  • WorldMark Las Vegas - Tropicana Avenue

    2.02 miles

  • Holiday Inn Express Las Vegas - South

    2.26 miles

  • Residence Inn Las Vegas South

    2.32 miles

  • Courtyard Las Vegas South

    2.33 miles

  • Fairfield Inn & Suites Las Vegas Stadium Area

    2.33 miles

  • Staybridge Suites Las Vegas

    2.34 miles

  • La Quinta Inn & Suites by Wyndham LV Tropicana Stadium

    2.66 miles

  • Macy's

    1.38 miles

  • Dollar General Market

    1.55 miles

  • Walmart Supercenter

    1.59 miles

  • Marshalls

    1.59 miles

  • Albertsons

    1.61 miles

  • Ross

    1.66 miles

  • Sprouts Farmers Market

    1.76 miles

  • Smith's

    2.09 miles

  • Kohl's

    2.58 miles

  • Target

    2.58 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Sundance Park