Valley View Plaza | 900 S. Valley View Blvd, 89107
Valley View Plaza | 900 S. Valley View Blvd., Las Vegas, NV 89107
Parcel# 139-318-01-005
Construction: Concrete Block & Wood Framing
Property Size: 21,602 SF
Net Acres: 1.42
Built: 1980
Valley View Plaza has excellent exposure to Valley View with full window display, with easy access to the I-15 via the Charleston corridor.
Traffic Counts off Valley View Blvd & W. Charleston are estimated at 24,878, with traffic counts off S Valley View Blvd & Fulton Pl (N) estimated at 31,368.
Valley View Plaza is 2.8 miles from The Las Vegas Arts District, 4.5 miles from the Las Vegas Blvd & Fremont Street Experience, and less than 15 minutes from the Las Vegas strip via the I-15.
- Building currently 100% occupied
- Entire Building Façade, stucco, and paint upgraded in 2017.
- Parking lot, steps, and handicapped entrances all new and up to code 2017.
- New LED walkway lighting installed 2019.
- Replaced control panel and sump pumps 2018.
- 50% of the building was rebuilt in 2017.
- 7,625 SF of original build - electrical was cleared of all extra electrical installed by various tenants over the years, brought back to original specs, verified & tested by certified electrician 2018.
Financial Summary
Purchase Price: $4,600,000.00
Loan #1: $2,990,000.00
Cash Required: $1,610,000.00
Calculated Return
Annual Income: $375,568.84
Operating Expense: $72,555.60
NOI: $303,013.24
Cap Rate: 6.6%
Est. Loan Payment: $169,234.56
Cash Flow: $133,778.68
Rate of Return: 8.31%
Phyllis Hanley | B.029985
Cambridge Group LTD | 702-335-7719
Jordan Hanley | BS.0145889
Hanley Realty Group | 702-335-7731