Post on 11-Aug-2020
CHARLESTON HALL110 EAST CHARLESTON BOULEVARDLAS VEGAS, NEVADA 89104
JEFFREY MITCHELLjmitchell@mtnwest.comdirect 702.374.0211B.00077448.LLCView Profile
STEVE MARDIROSSIANstevem@mtnwest.comdirect 702.374.0214S.0183397View Profile
JOSEPH ANDERSONjanderson@mtnwest.comdirect 702.374.0212S.00786640View Profile
TABLE OF CONTENTS
PROPERTY FEATURES & LAND OVERVIEW4 DEMOGRAPHICS5 PROJECTS FUELING LAS VEGAS GROWTH
6 - 7CONFIDENTIALITY & DISCLOSURE3
CHARLESTON HALL2 241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property described as 110 East Charleston Boulevard, Las Vegas, Nevada. Broker has been authorized by seller of the property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The 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.
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. 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 may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.
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.
CONFIDENTIALITYAND DISCLOSURE
PREPARED BY
110 EAST CHARLESTON BOULEVARDLAS VEGAS, NEVADA 89104
CHARLESTONHALL
JEFFREY MITCHELLjmitchell@mtnwest.comdirect 702.374.0211B.00077448.LLCView Profile
STEVE MARDIROSSIANstevem@mtnwest.comdirect 702.374.0214S.0183397View Profile
JOSEPH ANDERSONjanderson@mtnwest.comdirect 702.374.0212S.00786640View Profile
3241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
CHARLESTON HALL
PROPERTY FEATURES & LAND OVERVIEW
COOLIDGE AVE
SCASINO
CENTERBLVD
SMAI
NST
ART WAY
S 3R
D S
T
S C
ASIN
O C
ENTE
R B
LVD
W CALIFORNIA ST
S CO
MM
ERCE
ST
BOULDER AVE
S 1S
T ST
E CALIFORNIA ST
E CHARLESTON BLVDW CHARLESTON BLVD
SM
AIN
S T
4,70
0AD
T
49,000 ADT
14,0
00AD
T
15,2
00 A
DT
1,20
0 AD
T
33,000 ADT
162031100730.27 Acres
Copyright nearmap 2015
SUBTITLETITLE
F:\PROJECTS\LV\MITCHELL\CHARLESTONHALL\PARCELMAP.MXD - 6/17/2019 LPLANT
AGENT NAME
APN # ADDRESS ACRES SF
162-03-110-073 110 E. Charleston Blvd 0.27 11,767.2
PROPERTY FEATURES
Location Arts District Downtown
Site Located on the SWC corner of E. Charleston Blvd. / Art Way
Land Area 0.27 Acres
Building Area -
Parking 4 Spaces / 1.23 Ratio
Frontage & Access Charleston Blvd - 76FT
Traffic Counts: Charleston Blvd - 36,000 Cars Per Day Year Built: 1959
Zoning: C-2
LAND OVERVIEW
CHARLESTON HALL4 241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
DEMOGRAPHICS
+,95
%&'15
%&'15
%&'11E SAHARA AVE
NRA
INBO
WBL
VD
S LA
S VE
GAS
BLV
D
N 5
TH S
T
W LAKE MEAD BLVD
SEA
STER
NAV
E
W TROPICANA AVE
W RUSSELL RD
N P
ECO
S R
D
E DESERT INN RD
CIV
ICC
ENTE
RDR
MO
UNT
AIN
VIST
AST
S D
ECA
TUR
BLV
D
N E
AST
ERN
AVE
STEWART AVE
S NELLIS B
LVD
NM
ARTI N
LK IN G
BL VD
N LAS VEGAS BLVD
PECOS MCLEOD
INT
SMOKE RANCH RD
W CRAIG RD
W CHEYENNE AVE
N J
ON
ES B
LVD
W CHARLESTON BLVD
VEGAS DR
NDE
CAT U
RB
LVD
PAR
AD
ISE RD
E CRAIG RD
W OWENS AVE
W WASHINGTON AVE
E CAREY AVE
N L
AM
B B
LVD
SPRING MOUNTAIN RD
BOULDER HWY
VEGAS VALLEY DRS LA
MB
BLV
D
S PE
CO
S R
D
W FLAMINGO RD
W DESERT INN RD
E CHEYENNE AVE
E OWENS AVE
E WASHINGTON AVE
E LAKE MEAD BLVD
E CHARLESTON BLVD
S SA
NDHI
LL R
D
INDU
STRI
AL R
D
S R
AN
CH
O D
R
E TROPICANA AVE
SM
AIN
ST
E FLAMINGO RD
LOSE
E RD
E RUSSELL RD
E ALEXANDER RD
E BONANZA RD
N RANCHO DR
S JON
ES BLVD
MC
LEO
D D
R
W CAREY AVE
W BONANZA RD
DEA
NMA
RTI
NDR
W SAHARA AVEKAREN AVE
N N
ELLI
S B
LVD
SIMM
ON
S ST
W ALEXANDER RD
S R
AIN
BO
W B
LVD
E HARMON AVE
N M
AIN
ST
FREMONT ST
CA
BA
NA
DR
S VA
LLEY
VIE
W B
LVD
SA
N DS AVE
SM
AR
TIN
LKI
NG
BLV
D
N W
ALN
UT
RD
T3 EXIT
E TW AIN AVELAS
V EGA
SMO
NOR
AIL
Sunrise Manor
Winchester
Spring Valley
Paradise
Henderson
Whitney
North LasVegas
Las Vegas
Lone Mountain
NellisAFB
F:\Projects\LV\Mitchell\CharlestonHall\Buffers.mxd - 6/6/2019 mliapis
5 Mi l e s
3 Mi l e s
1 Mi l e
^̂
POPULATION
AVERAGE HOUSEHOLDS & INCOME
BUFFERS - 1, 3, 5 MILES
1 MILE12,8212018 EST. POPULATION
3 MILES174,2992018 EST. POPULATION
5 MILES537,0502018 EST. POPULATION
1 MILE4,2502018 EST. HOUSEHOLDS
3 MILES59,6322018 EST. HOUSEHOLDS
5 MILES182,1702018 EST. HOUSEHOLDS
1 MILE$45,3422018 EST. INCOME
3 MILES$47,6292018 EST. INCOME
5 MILES$50,4752018 EST. INCOME
5241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
CHARLESTON HALL
UNLV SCHOOL OF MEDICINEUniversity of Nevada, Las Vegas (UNLV) School of Medicine, is an academic division of the University of Nevada, Las Vegas (UNLV) with 60 students matriculated on July 17, 2017. Thestudents began their education with a 6 week EMT course. The school is the first to grant the Doctor of Medicine (MD) degree in Southern Nevada. The school uses facilities in the University Medical Center of Southern Nevada (UMCSN) clinical building at the Las Vegas Medical District.
PROJECTS FUELING LAS VEGAS GROWTH
PROJECT NEON Nearly two decades in the making, Project Neon is the largest public works project in Nevada history. Project NEON will widen 3.7 miles of Interstate 15 between Sahara Avenue and the “Spaghetti Bowl” interchange in downtown Las Vegas. It’s currently the busiest stretch of highway in Nevada with 300,000 vehicles daily, or one-tenth of the state population, seeing 25,000 lane changes an hour. Traffic through the corridor is expected to double by 2035.
LAS VEGAS STADIUMLas Vegas Stadium is the working name for a domed stadium under construction in Paradise, Nevada for the Las Vegas Raiders of the National Football League (NFL) and the UNLV Rebels football team of the University of Nevada, Las Vegas (UNLV). It is located on about 62 acres west of Mandalay Bay at Russell Road and Hacienda Avenue and between Polaris Avenue and Dean Martin Drive, just west of Interstate 15. Construction of the $1.8 billion stadium began in September 2017 and is expected to be completed in time for the 2020 NFL season.
MSG SPHERE Construction on the venue began in September 2018 and will be complete by 2021. The venue is being built in partnership between The Madison Square Garden Company and Las Vegas Sands Corporation.[3] The MSG Sphere will be located adjacent to The Venetian Las Vegas and just off the Las Vegas Strip. Once complete, the sphere-shaped venue will have a capacity of 18,000 and will feature LED screens inside and outside of the venue. An identical MSG Sphere will be built in London and will open sometime after the MSG Sphere in Las Vegas. In November 2018, it was reported that the MSG Sphere would be built along with new bars, private suites, a museum and retail space.Photo source: reviewjournal.com
CHARLESTON HALL6 241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
CONVENTION CENTERThe $1.4 billion Las Vegas Convention Center expansion and improvement project authorized in a special session of the Nevada Legislature in October took a big step forward Tuesday. The Las Vegas Convention and Visitors Authority board of directors approved the second phase of the project by unanimously authorizing an eight-month $1.28 million contract extension with its builder representative, Cordell Corp., to begin the process of designing a 600,000-square-foot exhibit hall.Photo source: www.enr.com
PROJECTS FUELING LAS VEGAS GROWTH
INTERSTATE 11Construction of the first 15 miles of Interstate 11, which will link Las Vegas to Phoenix and could eventually stretch from Mexico to Canada, is making progress. The Nevada Department of Transportation is in charge of the 2.5-mile phase one, while the Regional Transportation Commission is heading the 12.5-mile phase two. Both phases have been under construction since 2015 and are expected to be completed by 2018. The first phase of the $318 million Interstate 11 project is about 60 percent complete, according to the Nevada Department of Transportation.
RESORT WORLD LAS VEGAS Resorts World Las Vegas is a casino and resort currently under construction on the Las Vegas Strip in Clark County Nevada, planned to open in 2020. It is owned and operated by GentingGroup. The estimated cost is about US$ 7.2 billion.
The $7.2 billion project will include:
Photo source: http://www.reliablesecurity.com
• 4 hotel towers with a total of 6,583
• hotel rooms[11]• 175,000-square-foot (16,300 m2)
casino• 4,000-seat theater• Retail, dining and convention
space• Rooftop sky park and
observation deck
• Aquarium• Movie theater• Ice skating rink• Bowling alley• Indoor water park• Panda exhibit• 21,847,314-square-foot
(2,029,681.9 m2• total area at completion
7241 W. Charleston Blvd, Suite 103 l Las Vegas, NV 89102 l Office 702.374.0220 l www.mtnwest.com
CHARLESTON HALL
136 E. South Temple, Suite 805 l Salt Lake City, UT 84111 l Office 801.456.8800 l Fax 801.578.5500 l www.mtnwest.com
PREPARED BYJEFFREY MITCHELLjmitchell@mtnwest.comdirect 702.374.0211B.00077448.LLCView Profile
STEVE MARDIROSSIANstevem@mtnwest.comdirect 702.374.0214S.0183397View Profile
JOSEPH ANDERSONjanderson@mtnwest.comdirect 702.374.0212S.00786640View Profile