By eporter on November 10, 2026
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Investment Highlights
| Hospital-Adjacent Medical Office: A Freeway-Adjacent Building In The Middle Of The Southwest Valley’s Healthcare Cluster |
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Next to a Major Hospital System: The property sits beside Southern Hills Hospital & Medical Center, part of HCA Healthcare’s Sunrise Health System in Las Vegas. The hospital grew to 311 beds in 2024 with the addition of a 46-bed, 35,000-sq. ft. sixth floor. Physicians value this proximity because surgery, imaging, emergency care and hospital referrals are minutes from their exam rooms, which keeps current tenants rooted and draws new practices. |
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Freeway Access and Visibility: Medical Center Street connects to W Sunset Road and the I-215 Beltway, giving patients quick access from across the Valley and the neighboring communities of Spring Valley and Summerlin. The building’s brick and tinted-glass exterior, monument sign and top-of-building signage give tenants a prominent street presence. |
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Built for Medical Use: The 2004 building features elevator service, a steel and reinforced concrete frame, and professional-grade medical office improvements which supports a wide range of patient-focused medical uses, including dermatology, dental, and audiology practices. Two access points from Medical Center Street provide convenient ingress and egress, including connectivity through the hospital campus drive aisles. |
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Staggered Lease Expirations with Built-In Rent Growth: No lease expires before February 2030. After that, 18.1% of the building rolls in 2030, 10.4% in 2031 and 50.8% in 2033, so a new owner can reprice space in measured steps. Leases carry annual rent increases of at least 3.0%. |
Southwest Las Vegas Location: A Growing, Healthcare-Driven Corner Of One Of The Fastest-Growing Metros In The Country
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Healthcare Growth Engine: Healthcare is Nevada’s fastest-growing industry, according to UNLV’s Center for Business and Economic Research, and Clark County now has about 124,000 health and medical services jobs, up 56% from 2016, according to Lightcast data published by the Governor’s Office of Economic Development. Southern Hills and the medical offices around it benefit directly from that expansion. |
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Population and Household Growth: The Las Vegas metro area reached approximately 2.41 million residents in 2025, up about 6% from the 2020 Census, according to the U.S. Census Bureau. Nevada ranked sixth nationally for population growth in 2024, and more patients moving to the Southwest Valley means more demand for nearby care. |
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Convenient Amenities: Retail and dining, including Walgreens and Cafe Rio, sit close to the property and serve patients and staff throughout the day. The Las Vegas Strip, Allegiant Stadium and T-Mobile Arena are roughly seven miles east. |
| Tight Market Fundamentals: Southwest Is The Valley’s Tightest And Highest-Rent Office Submarket |
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Low Vacancy: According to CBRE Research, the Southwest submarket ended Q3 2026 with 4.7% total vacancy and 6.2% availability, compared with 11.6% vacancy and 13.1% availability across Las Vegas. Southwest has the lowest vacancy of the nine submarkets CBRE tracks. |
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Highest Rents in the Valley: Average direct asking rent in the Southwest submarket is $3.13 PSF per month full service gross, the highest of any submarket and about 21% above the $2.59 Las Vegas average. Class A rents reach $3.40. CBRE estimates this property’s market rent at $2.95 PSF on a modified gross basis, and existing tenants pay less. |
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No New Competition: No office space has been delivered and none is currently under construction, according to CBRE Research, as higher construction costs and tougher financing continue to hold back speculative projects. A well-located, finished building like this one competes with existing space only. |
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Posted in Breaking News, Companies & People, Outpatient Projects
