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Linda [email protected] Lic # BS.0049667.LLC
6140 Brent Thurman Way, Suite 140Las Vegas, Nevada 89148
702 968 7300 Ph | 702 968 7301 FaxSunCommercialRE.com
OFFERING MEMORANDUM
SPANISH RIDGE, BUILDING 78942 Spanish Ridge Ave., Las Vegas, Nevada 89148
Art Farmanali, [email protected] Lic # S.0037529
Schane [email protected] Lic # S.0187335
2 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information �WKH�´0DWHULDOµ�� IRU� WKH�SXUSRVH�RI�VROLFLWLQJ�RIIHUV� WR�SXUFKDVH�IURP� LQWHUHVWHG�SDUWLHV��0RUH�GHWDLOHG�ÀQDQFLDO�� WLWOH�DQG�WHQDQW� OHDVH�information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your DQDO\VLV��,I�\RXU�RIIHU�UHVXOWV�LQ�WKH�6HOOHU�FKRRVLQJ�WR�RSHQ�QHJRWLDWLRQV�ZLWK�\RX��\RX�ZLOO�EH�DVNHG�WR�SURYLGH�ÀQDQFLDO�UHIHUHQFHV��7KH�eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.
7KH�0DWHULDO�LV�LQWHQGHG�VROHO\�IRU�WKH�SXUSRVH�RI�VROLFLWLQJ�H[SUHVVLRQV�RI�LQWHUHVW�IURP�TXDOLÀHG�LQYHVWRUV�IRU�WKH�DFTXLVLWLRQ�RI�WKH�3URSHUW\��The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer PD\�UHTXLUH��7KH�LQIRUPDWLRQ�FRQWDLQHG�LQ�WKH�0DWHULDO�KDV�EHHQ�REWDLQHG�IURP�WKH�6HOOHU�DQG�RWKHU�VRXUFHV�DQG�KDV�QRW�EHHQ�YHULÀHG�E\�WKH�6HOOHU�RU�LWV�DIÀOLDWHV��7KH�SUR�IRUPD�LV�GHOLYHUHG�RQO\�DV�DQ�DFFRPPRGDWLRQ�DQG�QHLWKHU�WKH�6HOOHU��%URNHU��QRU�DQ\�RI�WKHLU�UHVSHFWLYH�DIÀOLDWHV�� DJHQWV�� UHSUHVHQWDWLYHV�� HPSOR\HHV�� SDUHQWV�� VXEVLGLDULHV��PHPEHUV��PDQDJHUV�� SDUWQHUV�� VKDUHKROGHUV�� GLUHFWRUV�� RU� RIÀFHUV��makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any H[LVWLQJ�RU�DYDLODEOH�ÀQDQFLQJ��DQG�PXVW�LQGHSHQGHQWO\�FRQÀUP�WKH�DFFXUDF\�RI�WKH�SURMHFWLRQV�FRQWDLQHG�LQ�WKH�SUR�IRUPD�
Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
Linda GonzalesVice [email protected]
CONFIDENTIALITY & DISCLOSURE
Art Farmanali, SIORSenior Vice [email protected]
Schane [email protected]
3 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
Property HighlightsExterior PhotosInterior PhotosFloor PlanSBA 504 Loan Program AnalysisAerial Map
Market Overview Section 2
Area Demographics
Property Overview Section 1
TABLE OF CONTENTS
4 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
OFFERING
6XQ�&RPPHUFLDO�5HDO�(VWDWH��,QF��LV�SOHDVHG�WR�RIIHU�IRU�VDOH�DQ�H[FOXVLYH�RSSRUWXQLW\�WR�RZQ��������6)��D�IUHH�VWDQGLQJ��JDUGHQ�VW\OH�RIÀFH�building in the desirable The Park at Spanish Ridge. The Master Planned Business Park offers a ±40-acre business park featuring ±620,000 SF RI�VLQJOH�DQG�PXOWL�VWRU\�&ODVV�$�RIÀFHV��7KH�3DUN�DW�6SDQLVK�5LGJH�RIIHUV�DQ�XSVFDOH�RIÀFH�HQYLURQPHQW�ZLWK�UHVRUW�VW\OH�ODQGVFDSHG�HQWU\�ways, contemporary architecture featuring travertine, stone and metal building accents.
HIGHLIGHTS
• +LJKO\� DSSRLQWHG� ÀQLVKHV� ZLWK� D� PRGHUQ� ORRN� DQG� H[SRVHG�ceiling
• Ample parking at 5:1000; covered parking available• Upgraded HVAC system with UV protective lights on all four (4)
HVAC units• &29,'�DSSURYHG�ÀOWHUV�DQG�YHQWLODWLRQ�V\VWHP• Modern interior architecture• Front and exterior entry ways• Large conference room, open bullpen with high-end cubicles,
VHYHUDO�RIÀFHV�DQG�RSHQ�OREE\• Private, multi-stall restrooms• Furniture optional• Located in the desirable Southwest submarket• Minutes to the West 215 Beltway, I-15 Interstate, the Las Vegas
“Strip”, McCarran International Airport
PROPERTY DESCRIPTION
Located in one of the most desirable business parks in the Southwest, WKH�SURSHUW\�LV�QHDU�WKH�:HVW�����%HOWZD\��PLQXWHV�WR�WKH�DIÁXHQW�Master Planned Community of Summerlin, Spanish Hills, Spanish Trails, the McCarran International Airport, the Las Vegas “Strip”, and an array of dining and shopping amenities.
PROPERTY HIGHLIGHTS
SUMMARY:
Address: 8942 Spanish Ridge Ave., Building 7Las Vegas, NV 89148
Asking Price: $2,569,770.00 ($315.00/SF)
Total Building Area: ±8,158 SF
Acres: 0.71
Built: 2006
Zoning: C-2
Parcel#: 163-29-711-008
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5 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
EXTERIOR PHOTOS
6 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
INTERIOR PHOTOS
7 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
FLOOR PLAN - ±8,158 SF
(Not to scale)
LOBBY
OFFICE
OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE
OFFICE OFFICE OFFICE
OFFICERR
RR
OPEN BULLPEN
CONFERENCE ROOM
KITCHEN
HALLWAY
COPIER
FILING ROOM
OFFICE
OFFICE
OFFICEOFFICE
OFFICE
CONFERENCE ROOM
RR
CUBICLES
CUBICLES
EXTERIOR EXIT
EXTERIOR EXIT
EXTERIOR EXIT
8 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
SBA 504 LOAN PROGRAM ANALYSISNEVADA STATE DEVELOPMENT CORPORATION - AN SBA PREMIER CERTIFIED LENDER
SBA 504 Loan Program Analysis
Subject Property: Square Feet: 8,158
Listing Price Plus T/I's: 2,569,770$ 100.0%Financial Institution 1st Loan 1,284,885$ 50.0%SBA 504 2nd Loan 1,027,908$ 40.0%Buyer's Down Payment 256,977$ 10%
Financial Institution (Negotiable)1st Deed of Trust 1,284,885$ Interest Rate (estimated) 4.50%Monthly Payment $7,142
SBA 504 Loan Fees:CDC Process Fee 15,419$ 1.50% SBA 504 Loan Fixed for 25 years:Funding Fee (3rd party) 2,570$ 0.25% 2nd SBA Loan 1,058,000$ Underwriter Fee (3rd party) 4,112$ 0.40% Interest Rate (07/2020) 2.400%SBA Guaranty Fee (3rd party) 5,140$ 0.50% Monthly Payment $4,693Flat Fee for SBA closing attorney 2,500$ Round Up (Rebated back) 352$ Total SBA Loan Amount: 1,058,000$ Total Payments: $11,835
Note: Buyer must have a net worth less than $15MM and Monthly Payment per SQ FT: 1.45$ an average net income less than $5MM after taxes in last Price per SQ FT 315.00$ two years
Average Blended Interest Rate 3.55%NSDC - a SBA Premier Certified LenderA Non-Profit OrganizationOver 35 years of helping NV business owners
Your SBA Loan ExpertPaola Gonzalez702.349.9227
[email protected] Español
This form provides purely ESTIMATED costs. Final rates will not be locked in until SBA debenture funds. The above is our best estimate with the information currently available. Bank rate and terms are estimated and vary depending on lender.
This is not a commitment to lend.
Nevada State Development Corporation - a SBA Premier Certified Lender
8942 Spanish Ridge Ave., Bldg. 7
Property InformationLinda Gonzales
[email protected] 702.501.3007 Art Farmanali
[email protected] 702.968-7310
Schane Cabatu [email protected]
702.968.7313
SBA 504 Loan Program Analysis
Subject Property: Square Feet: 8,158
Listing Price Plus T/I's: 2,569,770$ 100.0%Financial Institution 1st Loan 1,284,885$ 50.0%SBA 504 2nd Loan 1,027,908$ 40.0%Buyer's Down Payment 256,977$ 10%
Financial Institution (Negotiable)1st Deed of Trust 1,284,885$ Interest Rate (estimated) 4.50%Monthly Payment $7,142
SBA 504 Loan Fees:CDC Process Fee 15,419$ 1.50% SBA 504 Loan Fixed for 25 years:Funding Fee (3rd party) 2,570$ 0.25% 2nd SBA Loan 1,058,000$ Underwriter Fee (3rd party) 4,112$ 0.40% Interest Rate (07/2020) 2.400%SBA Guaranty Fee (3rd party) 5,140$ 0.50% Monthly Payment $4,693Flat Fee for SBA closing attorney 2,500$ Round Up (Rebated back) 352$ Total SBA Loan Amount: 1,058,000$ Total Payments: $11,835
Note: Buyer must have a net worth less than $15MM and Monthly Payment per SQ FT: 1.45$ an average net income less than $5MM after taxes in last Price per SQ FT 315.00$ two years
Average Blended Interest Rate 3.55%NSDC - a SBA Premier Certified LenderA Non-Profit OrganizationOver 35 years of helping NV business owners
Your SBA Loan ExpertPaola Gonzalez702.349.9227
[email protected] Español
This form provides purely ESTIMATED costs. Final rates will not be locked in until SBA debenture funds. The above is our best estimate with the information currently available. Bank rate and terms are estimated and vary depending on lender.
This is not a commitment to lend.
Nevada State Development Corporation - a SBA Premier Certified Lender
8942 Spanish Ridge Ave., Bldg. 7
Property InformationLinda Gonzales
[email protected] 702.501.3007 Art Farmanali
[email protected] 702.968-7310
Schane Cabatu [email protected]
702.968.7313
SBA 504 Loan Program Analysis
Subject Property: Square Feet: 8,158
Listing Price Plus T/I's: 2,569,770$ 100.0%Financial Institution 1st Loan 1,284,885$ 50.0%SBA 504 2nd Loan 1,027,908$ 40.0%Buyer's Down Payment 256,977$ 10%
Financial Institution (Negotiable)1st Deed of Trust 1,284,885$ Interest Rate (estimated) 4.50%Monthly Payment $7,142
SBA 504 Loan Fees:CDC Process Fee 15,419$ 1.50% SBA 504 Loan Fixed for 25 years:Funding Fee (3rd party) 2,570$ 0.25% 2nd SBA Loan 1,058,000$ Underwriter Fee (3rd party) 4,112$ 0.40% Interest Rate (07/2020) 2.400%SBA Guaranty Fee (3rd party) 5,140$ 0.50% Monthly Payment $4,693Flat Fee for SBA closing attorney 2,500$ Round Up (Rebated back) 352$ Total SBA Loan Amount: 1,058,000$ Total Payments: $11,835
Note: Buyer must have a net worth less than $15MM and Monthly Payment per SQ FT: 1.45$ an average net income less than $5MM after taxes in last Price per SQ FT 315.00$ two years
Average Blended Interest Rate 3.55%NSDC - a SBA Premier Certified LenderA Non-Profit OrganizationOver 35 years of helping NV business owners
Your SBA Loan ExpertPaola Gonzalez702.349.9227
[email protected] Español
This form provides purely ESTIMATED costs. Final rates will not be locked in until SBA debenture funds. The above is our best estimate with the information currently available. Bank rate and terms are estimated and vary depending on lender.
This is not a commitment to lend.
Nevada State Development Corporation - a SBA Premier Certified Lender
8942 Spanish Ridge Ave., Bldg. 7
Property InformationLinda Gonzales
[email protected] 702.501.3007 Art Farmanali
[email protected] 702.968-7310
Schane Cabatu [email protected]
702.968.7313
9 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
AERIAL MAP
S FT APACHE RD
S DURANGO DR
S HUALAPAI DR
W SU
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W RUSSELL RD
TROPICANA AVE
W FLAMINGO RD
SUBJECT PROPERTY
10 | 8942 Spanish Ridge Ave, Las Vegas, NV 89148
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The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc., any of its agents or employees make QR�JXDUDQW\��ZDUUDQW\�RU�UHSUHVHQWDWLRQ�DV�WR�WKH�FRPSOHWHQHVV�DQG�RU�DFFXUDF\�WKHUHRI��LQFOXVLYH�RI�DQ\�FXUUHQW�DQG�IXWXUH�SURMHFWHG�UHWXUQV��$Q\RQH�XWLOL]LQJ�
this analysis does so at their own risk and agrees to hold Sun Commercial Real Estate, Inc., its agents and employees harmless. The presentation of this property is VXEMHFW�WR�HUURU��RPLVVLRQV�FKDQJH�RI�SULFH�RU�FRQGLWLRQV�SULRU�WR�VDOH��RU�ZLWKGUDZDO�ZLWKRXW�QRWLFH�
Linda [email protected] Lic # BS.0049667.LLC
Art Farmanali, [email protected] Lic # S.0037529
Schane [email protected] Lic # S.0187335
