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 1.89 Acre
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Ratio 5.84 / 1,000 SF
  • Year Built 2006
  • Date Updated Nov 21, 2024
Newly constructed professional office building with a beautiful two-story lobby. High end interior finishes including natural stone, wood and iron accents. Great location and visible from the 215. 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 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 combination of professional tenants, below market lease rates, and pristine building condition makes The Property a suitable investment for investors seeking stable cash flow in a high-demand area.

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Highlights

  • 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. 7.99% Cap Rate (In-Place). 10

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?

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Contact Sundance Park