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STNL Medical Office | Las Vegas Medical District
1120 Shadow Ln., Las Vegas, NV 89102
$3,250,000
Sale Price
± 10,000 SF
Building Size
$325 PSF
Price Per Square Foot
Seller
Representation
Transaction Overview
The Investment Services Group is pleased to announce the successful sale of a ±10,000 SF single-tenant net-leased medical office building located at 1120 Shadow Lane within the Las Vegas Medical District. The property is 100% occupied by CrossRoads of Southern Nevada, a well-established drug and alcohol rehabilitation provider operating across three facilities in the valley. In conjunction with the sale, CrossRoads executed an early lease extension securing a full 10-year NNN lease term at close of escrow, providing the incoming investor with immediate, long-term stable cash flow. Closing at 96% of the asking price, the transaction reflects strong market demand for well-located, mission-critical medical office assets with durable tenancy.
Email us at ISG@LogicCRE.com for a Free Property Valuation and/or to discuss your commercial real estate needs.
Point of Contact
CATHY JONES,
CPA, SIOR, CCIM
Executive Vice President
C. 702.595.8765
E. cjones@logicCRE.com
NV# BS.0056010
ALLYSON WEBER
Associate
C. 702.278.8865
E. aweber@logicCRE.com
NV# S.0199573
PAUL MIACHIKA
Executive Vice President
C. 602.670.6576
E. pmiachika@logicCRE.com
NV# S.0184612
BLAZE KATZ, CCIM
Senior Associate
C. 702.690.0407
E. bkatz@logicCRE.com
NV# S.0195070
KIMBERLY BOYLE
Associate
C. 702.807.0186
E. kboyle@logicCRE.com
NV# S.0204210
LOGIC Commercial Real Estate
Specializing in Brokerage and Receivership Services
The information herein was obtained from sources deemed reliable; however LOGIC Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof.
LOGIC Commercial Real Estate | 3900 S. Hualapai Way, Suite 200, Las Vegas, NV 89147
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