Sundance Park

5888 W Sunset Road, Las Vegas, NV 89118

  • For Lease $31.20/SF/YR
  • Property Type Office
  • Property Size 29,303 SF
  • # of Floors 2
  • Parking Ratio 5.84 / 1,000 SF
  • Building Class B
  • Year Built 2006
  • Date Updated Apr 22, 2025
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 70% of tenants in the market occupy.

Spaces Available

Contacts

broker
Amy Lance

Cushman & Wakefield

Location

Getting Around

  • Walk Score ®

    22/100 Car-Dependent

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

What is the price for renting office space at Sundance Park?

The price for office space here is $31.20/SF/YR.

What type of office space is available to lease at Sundance Park?

The property includes 1 Office space. Availabilities total 3,015 square feet of office space.

Is Sundance Park suitable for a small business?

Yes, availabilities here may be suitable for small businesses with 1 office space under 5,000 square feet available.

Does Sundance Park have parking?
Yes, the property offers 171 parking spaces with a parking ratio of 5.84 / 1,000 SF.
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Contact Listing Broker
broker
Amy Lance

Cushman & Wakefield

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