Sundance Park

5888 W Sunset Road, Las Vegas, NV 89118

  • For Sale $8,750,000
  • Property Type Office
  • Property Size 29,303 SF
  • Lot Size 2.08 Acre
  • # of Floors 2
  • Parking Ratio 5.84 / 1,000 SF
  • Year Built 2006
  • Date Updated Jan 18, 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Contacts

broker
Merlene Winkel

Cushman & Wakefield

broker
Emily Brun

Cushman & Wakefield

broker
Cody Seager

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

  • Chevron

    0.12 miles

  • Maverik

    0.75 miles

  • Arco

    0.80 miles

  • Conoco

    0.83 miles

  • 76

    1.28 miles

  • Shell

    1.29 miles

  • Rebel

    1.32 miles

  • Fil's Gas Station

    1.37 miles

  • Tesla Supercharger

    1.79 miles

  • Linq High Roller Supercharger

    4.33 miles

  • Allegiant Stadium Lot Z

    2.04 miles

  • Lot S

    2.32 miles

  • Ford Lot J

    2.33 miles

  • Ford Lot H

    2.39 miles

  • Lot W

    2.39 miles

  • Lot K

    2.42 miles

  • Ticketmaster Lot G

    2.42 miles

  • OSV Lot

    2.43 miles

  • West Garage

    2.46 miles

  • Lot F

    2.48 miles

  • SpringHill Suites Las Vegas Airport

    0.85 miles

  • Holiday Inn Express & Suites Las Vegas SW - Spring Valley

    1.14 miles

  • Club De Soleil

    1.96 miles

  • WorldMark Las Vegas - Tropicana Avenue

    2.02 miles

  • Holiday Inn Express Las Vegas - South

    2.26 miles

  • Residence Inn Las Vegas South

    2.32 miles

  • Courtyard Las Vegas South

    2.33 miles

  • Fairfield Inn & Suites Las Vegas Stadium Area

    2.33 miles

  • Staybridge Suites Las Vegas

    2.34 miles

  • La Quinta Inn & Suites by Wyndham LV Tropicana Stadium

    2.66 miles

  • Port of Subs

    0.61 miles

  • Taco Bell

    0.75 miles

  • Sbarro

    0.83 miles

  • Don Tortaco Mexican Grill

    0.84 miles

  • Mister Mama's

    1.06 miles

  • In-N-Out Burger

    1.13 miles

  • Farmer Boys

    1.14 miles

  • edible

    1.21 miles

  • Roberto’s

    1.21 miles

  • The Noodle Man

    1.24 miles

  • Tony Alamo Elementary School

    1.38 miles

  • Grant Sawyer Middle School

    1.53 miles

  • Calvary Chapel

    1.59 miles

  • Calvary Chapel Christian School

    1.64 miles

  • Helen Jydstrup Elementary School

    1.68 miles

  • Lawrence and Heidi Canarelli Middle School

    1.77 miles

  • Kids R Kids Quality Learning Center

    1.83 miles

  • Durango High School

    1.89 miles

  • Marion Earl Elementary School

    1.94 miles

  • Steele Elementary School

    1.95 miles

  • KinderCare

    3.09 miles

  • Merryhill Preschool

    5.24 miles

  • Sekuritie Child Care LLC

    5.82 miles

  • Childtime

    6.11 miles

  • La Petite Academy

    6.59 miles

  • DJ's Christian Preschool/Daycare

    9.87 miles

Frequently Asked Questions

How much does Sundance Park cost?

The space currently listed for sale at Sundance Park asks for $8,750,000.

What is the total square footage of Sundance Park?

Sundance Park totals 29,303 square feet.

When was this property built?

Sundance Park was built in 2006.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Sundance Park
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.