3675 West Cheyenne Avenue, North Las Vegas, NV 89032 · Casino in Reno, NV. Today the company operates 60 properties in 16 states. El Dorado closed on its acquisition of Caesars Entertainment

OWNER USER BUILDING WITH INCOME3675 West Cheyenne Avenue, North Las Vegas, NV 89032

FOR SALE


FOR SALE

Service You Deserve. People You Trust.5960 South Jones BoulevardLas Vegas, Nevada 89118T 702.388.1800 | F 702.388.1010www.mdlgroup.com

Offered By:Hayim Mizrachi, CCIMPresident I Principal | Broker Lic#: B.0143643.CORP702.388.1800 [email protected]

Galit KimerlingSenior AdvisorLic#: [email protected]

Jarrad Katz, SIOR, CCIMExecutive Vice President | PrincipalLic#: [email protected]

Michael GreeneAssociateLic#: [email protected]

PROPERTY HIGHLIGHTS:• Total Building: ±28,076 SF• First Floor: ±13,579 SF - Vacant ready for

Owner-User• Second Floor: ±14,497 SF - Only 1 vacancy• The building can be delivered 100%

vacant for an owner user • Year built: 2009• Zoning: M-2 (General Industrial)• Parking Ratio: 7.5/1,000• Lot Size: ±1.35 Acres • Own for less than the cost of leasing• Easy access to I-15 and US-95 Freeways• Close proximity to the North Las Vegas

Airport • Asking Price: $3,600,000 ($128/SF)

PROPERTY HIGHLIGHTS:• Total Building: ±28,076 SF• First Floor: ±13,579 SF - Vacant ready for

Owner-User• Second Floor: ±14,497 SF - Only 1 vacancy • The building can be delivered 100%

vacant for an owner user• Year built: 2009• Zoning: M-2 (General Industrial)• Parking Ratio: 7.5/1,000• Lot Size: ±1.35 Acres • Own for less than the cost of leasing• Easy access to I-15 and US-95 Freeways• Close proximity to the North Las Vegas

Airport • Asking Price: $3,600,000 ($128/SF)

mailto:hmizrachi%40mdlgroup.com?subject=

mailto:[email protected]



FOR SALE






Own Property SF ±28,076 SFPurchase Price $3,600,000

Cash Down Payment 10% $360,000

Estimated Bank Fees 1.50% $27,000

Estimated Appraisal & Environmental $4,350

Estimated Escrow & Title $24,000

Total Cash Required $415,350

Monthly CostsMortgage Payment (monthly) $0.62 $17,303

Property Taxes $0.12 $3,240

Insurance $0.02 $562

Operating Expenses $0.32 $8,984

Total Monthly Payment $1.08 PSF $30,088

Total Adjusted Monthly CostsTotal Monthly Payment $1.08 $30,088

Less Depreciation ($0.22) (-$6,154)

Actual Tenant Income ($0.53) (-$14,983)

Monthly Rent PSF & Payment $0.33 PSF $8,951

Forecasted Ownership BenefitsMonthly Mortgage Payment in 10 years $17,303

Cash Savings After 10 Years $644,234

Equity After 10 Years $1,984,066Assumptions: Depreciation est. at 80% allocation of purchase price.Equity assumes 2% annual building appreciation

SBA 504 Loan Program Own Comparison





FOR SALE






*Drawings and plans are not to scale. Any measurements are approximate and are for illustrative purposes only. There is no guarantee, warranty or representation as to the accuracy or completeness of any plans or designs.

First Floor

VACANT - SUITE 100

This first floor off lobby suite is turn-key with spacious reception/lobby, 25 private perim-eter offices, 2 conference rooms, full kitchen/breakroom, central workroom and abundant open space for additional workstations or flex-ible areas.





FOR SALE






*Drawings and plans are not to scale. Any measurements are approximate and are for illustrative purposes only. There is no guarantee, warranty or representation as to the accuracy or completeness of any plans or designs.

VACANT - SUITE 211Suite 211 is a turn-key spec suite that was built out as BKM Management’s office.

It offers a reception/lobby, conference room, 5 private offices, open space with abundant natural light, kitchen/break area and a separate work area. This unit is ready to be leased out providing ad-ditional income.

=LEASED =AVAILABLE

Second Floor





FOR SALE






El Dorado Resorts began in 1973 with the opening of El Dorado Hotel and Casino in Reno, NV. Today the company operates 60 properties in 16 states. El Dorado closed on its acquisition of Caesars Entertainment for $17.3 billion in June 2019. El Dorado is a public company under the ticker ERI.

Pinnacle Community Services is a residential | Day Jobs and training center provider that serves individuals with intellectual disabilities certified by the state of Nevada. Pinnacle offers services ranging from 24-hour home supervision to intermittent home support based on the person-centered approach.

https://www.pinnaclecommunityservices.com/

Tenant Profile

https://www.eldoradoresorts.com




https://www.pinnaclecommunityservices.com/

https://www.eldoradoresorts.com


FOR SALE






Although the information has been obtained from sources deemed reliable, Owner, MDL Group, and/or their representatives, brokers or agents make no guarantee as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property, Units and/or Rates may be withdrawn and/or changed without notice.

ACCESSIBILITY:

• 1.5 miles I-95 at Cheyenne exit

• 3.8 miles I-15 at Cheyenne exit

• 5.1 miles I-215 at N. Decatur exit

• 5.6 miles Downtown Las Vegas

• 5.7 miles Summerlin

• 2.2 miles North Las Vegas Airport





FOR SALE






Although the information has been obtained from sources deemed reliable, Owner, MDL Group, and/or their representatives, brokers or agents make no guarantee as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property, Units and/or Rates may be withdrawn and/or changed without notice.





FOR SALE






This package is provided to you by MDL Group and is intended solely for your limited use and benefit in determining whether you desire to express further interest in pur-chasing or leasing the property described in the attached documentation (the “Property”). The providing of “this package” to you and your use thereof is conditioned upon your agreement to the terms set forth below.

This package contains selected information pertaining to the Property. It does not purport to be a representation of the state of affairs of the current owner, nor should it be construed to contain all or part of the information which prospective investors would deem necessary to evaluate the Property for purchase. Any financial projections and information provided are for general reference purposes only, are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the current owner and MDL Group. All projections, assumptions and other information provided are made herein are subject to material variation. MDL Group has not independently investigated the accuracy of the information within the package, as such information was obtained by the owner and/or public records. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers.

Neither the owner, MDL Group, nor any of their respective directors, officers, agents, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained within this package or any supplemental information provided after the delivery of this package to you, and no legal commitment or obligation shall arise by reason of your receipt of this package or use of its contents. Please also refer to the disclaimer at the bottom of each page of this package, which disclaimer is incorporated herein by reference.

You should understand and be advised that the owner of the Property expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with you or any other party at any time with or without notice which may arise as a result of this package. The owner shall have no legal commitment or obligation to you or any other party reviewing this package, nor shall the owner be required to accept an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligation therein have been satisfied or waived.

By receipt of “this package”, you agree that the package and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose the package or any of its contents to any other entity without the prior written authorization of owner. You also agree that you will not use the package or any of its contents in any manner detrimental to the interest of the owner or MDL Group.

This package describes certain documents including leases and other materials, which documents are described in summary form only. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected and advised to review all such summaries and other documents of whatever nature independently with legal counsel, tax and other professionals of their choice who have the expertise to assist in investigating this information in detail. You are therefore advised not to rely solely on the package as part of your investigations on this Property. If you have no interest in further pursuing this Property, please return this package to MDL Group.

Disclaimer




Documents

3675 West Cheyenne Avenue, North Las Vegas, NV 89032 · Casino in Reno, NV. Today the company operates 60 properties in 16 states. El Dorado closed on its acquisition of Caesars Entertainment