5715 W. Alexander #150, Las Vegas, NV 89130
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1 Brand New Everything! NW Professional Office Condo 5715 W. Alexander #150, Las Vegas, NV Listing ID: Status: Active Property Type: Office For Lease Office Type: Business Park, Executive Suites Contiguous Space: 1,199 SF Total Available: 1,199 SF Lease Rate: $1.10 PSF (Monthly) Unit Price: $13.20 PSF (Annual) Base Monthly Rent: $1,318 Lease Type: NNN Ceiling: 9 ft. Overview/Comments * Brand New Everything! N.W. Professional Office Condo * 5715 W Alexander #150 LV NV 89130, APN * 1,199' rentable (1,121' usable) square foot professional office condo for lease or purchase * Three or four private offices, and/or large open area bullpen for cubicles or workstations. * Receptionist, waiting area, display showroom area, one private restroom. * High-end brand-new professional office build-out, new paint, new HVAC * Pick your own brand-new flooring carpet or tile. * Active business complex with lots of foot traffic and synergy. * Could be medical office since we are next door to the VA Clinic * City of Las Vegas zoned O "Professional Office" * Clark County Land Use Offices, Professional and Business Services * HOA maintains the trash, water, landscaping, sprinklers, roof, parking lot. * Close N. Jones, N. Rancho, and W. Alexander by the VA Clinic. * Perfect for CPA, attorney, chiropractor, call center, insurance, mortgage, contractor, MD doctor, psychologist, psychiatrist, collection agency, * OR Purchase this office condo using only 10% down with an SBA loan and fixed 5.3% interest for 10. Payments only 49c per square foot per month. * If this listing is not perfect for you, please call as we have over 40 other listings around the valley to choose from. * Owner / Broker/ Developer More Information Online QR Code Scan this image with your mobile device: General Information Taxing Authority: City of Las Vegas Tax ID/APN: Page 1
2 Office Type: Zoning: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Net Leased, Office Building CITY OF LAS VEGAS ZONED O PROFESSIONAL OFFICE Building Name: Class of Space: Gross Building Area: Building/Unit Size (RSF): Usable Size (USF): Brand New Everything! NW Professional Office Condo Class B 1,199 SF 1,199 SF 1,121 SF Available Space Suite/Unit Number: 150 Suite Floor/Level: 1 Space Available: 1,199 SF Minimum Divisible: 1,199 SF Maximum Contiguous: 1,199 SF Space Subcategory 1: Office Building Space Subcategory 2: Business Park Space Type: New Date Available: 06/01/2018 Lease Term (Months): 60 Months Lease Rate: $1.10 PSF (Monthly) Lease Type: NNN Conference Rooms: 1 Offices: 4 Operating Expenses: $4.20 PSF (Annual) Rent Escalators: Step-Up Lease Space Description * Brand New Everything! N.W. Professional Office Condo * 5715 W Alexander #150 LV NV 89130, APN * 1,199' rentable (1,121' usable) square foot professional office condo for lease or purchase * Three or four private offices, and/or large open area bullpen for cubicles or workstations. * Receptionist, waiting area, display showroom area, one private restroom. * High-end brand-new professional office build-out, new paint, new HVAC * Pick your own brandnew flooring carpet or tile. * Active business complex with lots of foot traffic and synergy. * Could be medical office since we are next door to the VA Clinic * City of Las Vegas zoned O "Professional Office" * Clark County Land Use Offices, Professional and Business Services * HOA maintains the trash, water, landscaping, sprinklers, roof, parking lot. * Close N. Jones, N. Rancho, and W. Alexander by the VA Clinic. * Perfect for CPA, attorney, chiropractor, call center, insurance, mortgage, contractor, MD doctor, psychologist, psychiatrist, collection agency, * OR Purchase this office condo using only 10% down with an SBA loan and fixed 5.3% interest for 10. Payments only 49c per square foot per month. * If this listing is not perfect for you, please call as we have over 40 other listings around the valley to choose from. * Owner / Broker/ Developer Area & Location Property Located Between: Property Visibility: N. Jones, N. Rancho and W. Alexander Good Highway Access: 95 Airports: North Las Vegas Building Related Total Number of Buildings: 1 Number of Stories: 1 Typical SF / Floor: 1,199 SF Year Built: 2007 Year Renovated: 2018 Ceiling Height: 9 Loading Doors: 0 Loading Docks: 0 Passenger Elevators: 0 Freight Elevators: 0 Land Related Zoning Description: Water Service: Sewer Type: City of Las Vegas zoned O professional office Clark County Land Use Offices, Professional and Business Services Municipal Municipal Location Address: 5715 W. Alexander #150, Las Vegas, NV County: Clark MSA: Submarket: Las Vegas-Henderson-Paradise Northwest Page 2
3 SBA 504 Loan Scenario NW Professional Office Condo Scenario as of: 5/22/2018 Own the Business? Own the Building. Purchase Price $149, W. Alexander #150, Las Vegas, NV Improvements $0 Building Size 1,199 sf Other $0 Total Project Costs $149,999 Price per Sq. Ft. $125 psf For Property Information: Michael Hawkes Great Bridge Properties % SBA 504 Financing Example Financing Package Amount Rate Term Amort Monthly Pymt Bank 1st Mortgage 50% $ 75, % 10 Yrs 25 Yrs $ 461 SBA 504 2nd Mortgage* 40% $ 64, % 25 Yrs 25 Yrs $ 384 Down Payment 10% $ 15,000 *Includes financed SBA fee of $4, % $0.70 PSF $ 845 Monthly Costs Adjusted Monthly Costs PSF Monthly PSF Monthly Mortgage Payments $0.70 $845 Total Monthly Payment $0.70 $845 Less Depreciation ($0.21) -$256 Total Monthly Payment $0.70 PSF $845 Total Adjusted Monthly Pa $0.49 PSF $588 Out of Pocket Expenses Cash Down Payment 10.0% $15,000 Estimated Bank Fees 1.5% $1,125 Estimated Appraisal & Environmental $500 Invest in Your Future: Equity Over First 10 Years $80,000 $60,000 $40,000 $20,000 EQUITY $ Assumptions: The following assumptions were made in the preparation of this sample. Please let us know if there are specific values you'd like to see. Bank rate, terms and fees are estimated and vary depending on lender. Operating costs, title and insurance are estimates. SBA rate is as of May '18. Actual rate is set at debenture sale. Depreciation is estimated at an 80% bracket over 39. SBA Fee is estimated at 2.15% plus a $2,500 legal fee. Fees are financed. 90% LTV financing generally does not require additional collateral. For more information contact your 504 loan experts: Chris Hunter TMC Financing SVP, Business Development Officer chris@tmcfinancing.com
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6 Property Images Clean Front Google Earth Floor Plan Page 3
7 _ Property Contacts 702Michael Hawkes Great Bridge Properties [M] [O] Page 4
8 Demographics, Labor/Workforce, and Consumer Expenditures 5715 W. Alexander #150, Las Vegas, NV Disclaimer: While we believe this information (via GeoLytics) to be reliable, we have not checked its accuracy and make no guarantee as to its validity. By using the information provided on this page, the user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using. Population 2020 Projection 18, , , Estimate 16, , , Census 15, , ,648 Growth % 13.69% 12.28% Growth % 11.75% 12.55% Population (Male) 2020 Projection 8, , , Estimate 7, , , Census 7,801 95, ,838 Growth % 13.54% 11.72% Growth % 11.81% 13.42% Page 5
9 Population (Female) 2020 Projection 9, , , Estimate 8, , , Census 7,872 97, ,810 Growth % 13.84% 12.84% Growth % 11.69% 11.68% Population by Age (2015 Estimate) Age 0 to 5 1,177 17,068 42,342 Age 5 to 10 1,197 17,814 45,071 Age 10 to 15 1,078 16,236 41,928 Age 15 to 20 1,049 15,171 39,258 Age 20 to 25 1,071 14,618 37,087 Age 25 to 30 1,049 13,776 33,919 Age 30 to ,980 31,472 Age 35 to ,081 31,748 Age 40 to ,778 33,936 Age 45 to 50 1,093 14,590 36,209 Age 50 to 55 1,130 14,086 35,376 Age 55 to 60 1,107 12,908 33,048 Age 60 to 65 1,024 11,153 29,224 Age 65 and over 2,798 28,621 81,599 Total Population 16, , ,217 Median Age Age 0 to 5 Age 5 to 10 Age 10 to 15 Age 15 to 20 Age 20 to 25 Age 25 to 30 Age 30 to 35 Age 35 to 40 Age 40 to 45 Age 45 to 50 Age 50 to 55 Age 55 to 60 Age 60 to 65 Age 65 and over 7% 8% 8% 7% 8% 8% 6% 8% 8% 6% 7% 7% 6% 7% 7% 6% 6% 6% 6% 6% 6% 5% 6% 6% 6% 6% 6% 7% 7% 7% 7% 7% 6% 7% 6% 6% 6% 5% 5% 17% 13% 15% Median Age (Male) 2010 Census Median Age (Female) 2010 Census High School Graduates Age 25+ by Educational Attainment (2015 Estimate) High School Graduate (or GED) 3,343 40,216 96,827 Some College, No Degree 3,711 40,038 95,389 Associate or Bachelor's Degree ,729 25,472 Master's Degree 637 6,848 15,222 Professional School Degree 164 2,229 6,876 Doctorate Degree ,567 Total High School Graduates Age 25+ 8, , ,353 High School Graduate (or GED) Some College, No Degree Associate or Bachelor's Degree Master's Degree Professional School Degree Doctorate Degree 38% 40% 40% 43% 40% 39% 9% 11% 10% 7% 7% 6% 2% 2% 3% 1% 1% 1% Page 6
10 Households 2020 Projection 6,748 86, , Estimate 6,041 76, , Census 5,693 68, ,805 Growth % 13.38% 11.57% Growth % 11.36% 11.6% Population in Households 2010 Census 15, , ,648 Average Household Size 2020 Projection Estimate Census Growth % -0.07% -0.01% Growth % 0.81% 0.94% Page 7
11 Households by Household Type and Size and Presence of Children (2015 Estimate) Family Households 4,289 53, ,720 Married-couple family 3,032 35,986 90,909 With own 1,090 15,877 41,500 No own 1,942 20,109 49,409 Male Householder: 423 5,606 13,457 no wife present With own 200 2,813 6,803 No own 223 2,793 6,654 Female Householder: no husband ,959 29,354 present With own 414 6,693 16,405 No own 420 5,266 12,949 Nonfamily Households 1,752 23,043 60,242 1 Person households 1,273 17,096 45, Unrelated people 479 5,947 15,145 Total Households 6,041 76, ,962 Family Households Married-couple family With own No own Male Householder: no wife present With own No own Female Householder: no husband present With own No own Nonfamily Households 1 Person households 2+ Unrelated people 71% 70% 69% 50% 47% 47% 18% 21% 21% 32% 26% 25% 7% 7% 7% 3% 4% 4% 4% 4% 3% 14% 16% 15% 7% 9% 8% 7% 7% 7% 29% 30% 31% 21% 22% 23% 8% 8% 8% Page 8
12 Households by Household Income (2015 Estimate) Less than $25,000 1,162 12,753 33,287 $25,000 to $49,999 1,157 18,934 46,958 $50,000 to $74,999 1,379 16,719 41,774 $75,000 to $99, ,796 28,941 $100,000 to $124, ,794 16,849 $125,000 to $149, ,851 10,400 $150,000 to $199, ,670 9,240 $200,000 or more 216 2,077 6,513 Total Households 6,041 76, ,962 Average Household Income $74, $71, $72, Median Household Income $63, $63, $65, Less than $25,000 $25,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 to $199,999 $200,000 or more 19% 17% 17% 19% 25% 24% 23% 22% 22% 16% 15% 15% 7% 9% 9% 6% 5% 5% 6% 5% 5% 4% 3% 3% Households by Household Income (2020 Projection) Less than $25,000 1,314 14,657 37,587 $25,000 to $49,999 1,323 21,732 52,939 $50,000 to $74,999 1,525 18,961 46,682 $75,000 to $99,999 1,067 13,261 32,190 $100,000 to $124, ,608 18,520 $125,000 to $149, ,292 11,375 $150,000 to $199, ,068 10,068 $200,000 or more 236 2,262 7,042 Total Households 6,748 86, ,403 Average Household Income $76, $70, $72, Median Household Income $62, $63, $66, Less than $25,000 $25,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 to $199,999 $200,000 or more 19% 17% 17% 20% 25% 24% 23% 22% 22% 16% 15% 15% 7% 9% 9% 6% 5% 5% 6% 5% 5% 3% 3% 3% Per Capita Income 2015 Estimate $26, $25, $25, Unemployment Rate 2015 Estimate 8.14% 10.45% 11.81% Page 9
13 Population Age 16+ By Employment Status (2015 Estimate) Labor Force 8, , ,147 Civilian, Employed 8, , ,513 Civilian, Unemployed 553 9,042 25,634 Not in Labor Force 6,316 75, ,634 Total Population Age , , ,781 Labor Force Civilian, Employed Civilian, Unemployed Not in Labor Force 58% 61% 60% 55% 56% 55% 4% 5% 5% 42% 39% 40% Employed Civilian Population Age 16+ by Industry (2015 Estimate) Agriculture, forestry, fishing and hunting, mining and ,016 26,506 construction Manufacturing 353 3,803 8,945 Wholesale & retail trade 1,276 15,405 40,263 Transportation and warehousing, and 652 5,656 12,740 utilities Information 134 2,058 5,688 Finance, insurance, real estate and 347 4,658 11,153 rental and leasing Professional, scientific, and ,857 32,642 technical services Educational, health and social services 1,415 18,606 48,420 Arts, entertainment, recreation, accommodation and 1,699 27,035 68,214 food services Other services (except public 626 8,093 21,758 administration) Public Administration 491 5,669 15,265 Total Employed Civilian Population Age 16+ 8, , ,594 Agriculture, forestry, fishing and hunting, mining and construction Manufacturing Wholesale & retail trade Transportation and warehousing, and utilities Information Finance, insurance, real estate and rental and leasing Professional, scientific, and technical services Educational, health and social services Arts, entertainment, recreation, accommodation and food services Other services (except public administration) Public Administration 9% 10% 9% 4% 3% 3% 15% 13% 14% 8% 5% 4% 2% 2% 2% 4% 4% 4% 9% 11% 11% 16% 16% 17% 20% 24% 23% 7% 7% 7% 6% 5% 5% Housing Units by Tenure (2015 Estimate) Vacant Housing Units ,671 32,434 Occupied Housing Units 6,041 76, ,962 Owner- Occupied 4,424 48, ,229 Renter- Occupied 1,617 28,376 72,733 Total Housing Units 6,798 87, ,396 Vacant Housing Units Occupied Housing Units Owner- Occupied Renter- Occupied 11% 12% 14% 89% 88% 86% 65% 55% 54% 24% 33% 32% Page 10
5715 W. Alexander #150, Las Vegas, NV 89130
10% Down Office Condo 49c PSF Payments 5715 W. Alexander #150, Las Vegas, NV 89130 Listing ID: 30279469 Status: Active Property Type: Office For Sale Office Type: Business Park, Executive Suites Size:
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More informationCRESCENT PLACE CONDO FOR LEASE
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