827 S. Boulder Highway, Henderson, NV 89015€¦ · 827 S. Boulder Highway, Henderson, NV 89015. 2...
Transcript of 827 S. Boulder Highway, Henderson, NV 89015€¦ · 827 S. Boulder Highway, Henderson, NV 89015. 2...
1 | 827 S. Boulder Highway - Offering Memorandum
Renae Russo, LEED GAVice President702-968-7319
Exclusively listed by Sun Commercial Real Estate, Inc.:
SunCommercial Real Estate, Inc.
FOR SALE827 S. Boulder Highway, Henderson, NV 89015
2 | 827 S. Boulder Highway - Offering Memorandum
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 (the “Material”) 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 a 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. The pro-forma is delivered only as an accommodation and neither the Seller, Broker , nor any of their respective 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.
Renae Russo, LEED GA Cathy Jones, CPA, SIOR, CCIMVice President CEO/[email protected] [email protected]
Confidentiality & disClosure
3 | 827 S. Boulder Highway - Offering Memorandum
Investment SummaryProperty PhotosFloor PlansSite Plan
MARKET OVERVIEW
LOCATION OVERVIEW
Las Vegas Office & SE/Henderson Submarket ReviewLas Vegas Industrial & SE/Henderson Submarket Review Area Demographics
Assessor Parcel MapLas Vegas Valley Location MapSurrounding Aerial Map
PROPERTY OVERVIEW
4568
91011
1213
14-16
table of Contents
Renae Russo, LEED GAVice President702-968-7319
6140 Brent Thurman Way, Suite 140Las Vegas, Nevada 89148
702 | 968 | 7300 Ph • 702 | 968 | 7301 Faxwww.SunCommercialRE.com
ContaCt information
THE OFFERING
Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase a single story free-standing +/- 8,000 square foot industrial and office property. The property offers excellent exposure on S. Boulder Highway with easy access to I-215.
INVESTMENT HIGHLIGHTS
• Asking Price: $880,000 / $110 PSF• Ideal for Investor and or Owner/User• Zoned: MD Corridor/Community Mixed Use• APN: 179-20-515-001• Traffic Counts of over +/- 25,000 cars per day• Parking Ratio: 3/1000
PROPERTY LOCATION
The Property is located at the Southeast corner of Haynes Drive and S. Boulder Highway, having the civic address of 827 S. Boulder Highway, Henderson, NV 89015. Property is conveniently located near a variety of major retail amenities and is directly across from Henderson Village Shopping Center.
PROPERTY DESCRIPTION
The total property is comprised ± 8,000 SF industrial building and two office spaces with separate entrances. Napa Auto Parts currently occupies ± 5,900 SF until October 1, 2018.
investment summary
4 | 827 S. Boulder Highway - Offering Memorandum
• 1 Grade Level Door• Security System, cameras inside and outside of Napa Auto
Parts• Corner Pylon Signage Available• 208/120 3 Phase Power• Napa’s monthly rental rate is $6,637.00
5 | 827 S. Boulder Highway - Offering Memorandum
ProPerty Photos
6 | 827 S. Boulder Highway - Offering Memorandum
floor Plan
Office 1±900 SF
Office 2±1,200 SF
7 | 827 S. Boulder Highway - Offering Memorandum
floor Plan
available oCtober 1, 2018
Roll Up Door
±5,900 SF
NAPA AUTO PARTS
8 | 827 S. Boulder Highway - Offering Memorandum
site Plan
SIGNAGE HERE
Subject Property
S BOULDER HWY
HAYNES DR
N
9 | 827 S. Boulder Highway - Offering Memorandum
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NO
TES
This map is for assessment use only and does NOT represent a survey.
No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.
This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 4/13/2016
T22S R63E 20 N 2 NE 4 179-20-5
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PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
179178
189190
160161
181
186
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159
191
162
Michele W. Shafe - Assessor
>
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TES
This map is for assessment use only and does NOT represent a survey.
No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.
This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 4/13/2016
T22S R63E 20 N 2 NE 4 179-20-5
31
30
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121110987
6 5 4 3 2
3635343332
29 28 27 26
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PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
179178
189190
160161
181
186
158180
188177
159
191
162
Michele W. Shafe - Assessor
assessor ParCel maP
10 | 827 S. Boulder Highway - Offering Memorandum
las vegas valley loCation maP
11 | 827 S. Boulder Highway - Offering Memorandum
surrounding aerial maP
SUBJECT PROPERTY
S BOULDER HWY - ±25,000 CPD
BURKHOLDER BLVD
N MAJOR AVE
LAKE MEAD PKWYS PUEBLO BLVD
Victory Village Plaza
12 | 827 S. Boulder Highway - Offering Memorandum
las vegas offiCe & se/henderson submarket review
8 CoStar Office Statistics ©2017 CoStar Group, Inc.
Las Vegas � Third Quarter 2017
Las Vegas Office MarketThird Quarter 2017 – Las Vegas
Las Vegas Office Market
©2017 CoStar Group, Inc. CoStar Office Statistics 9
Class A Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 7 1,278,818 267,354 267,354 20.9% 26,796 0 0 $28.55 Central North Las Vegas 2 273,958 14,119 14,119 5.2% (8,845) 0 0 $30.00 Downtown Las Vegas 10 1,791,889 221,245 223,570 12.5% (50,787) 0 0 $32.25 North Las Vegas 0 0 0 0 0.0% 0 0 0 $0.00 Northwest Las Vegas 19 1,926,486 427,697 429,535 22.3% 110,999 57,966 0 $24.95 SE Las Vegas/Henderson 3 296,443 146,140 146,140 49.3% 36,825 78,800 0 $26.11 South Las Vegas 22 1,728,957 132,828 152,658 8.8% 31,231 0 108,195 $23.28 Southwest Las Vegas 23 3,097,312 148,174 176,476 5.7% 244,607 180,000 174,900 $24.85 West Las Vegas 5 625,138 94,172 94,172 15.1% 111,161 0 0 $24.79
Totals 91 11,019,001 1,451,729 1,504,024 13.6% 501,987 316,766 283,095 $26.35
Source: CoStar Property®
Class B Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 175 5,163,544 1,076,795 1,111,459 21.5% (33,454) 16,505 0 $18.29 Central North Las Vegas 49 1,422,330 85,810 85,810 6.0% 11,639 0 0 $18.11 Downtown Las Vegas 64 2,721,616 127,535 129,888 4.8% 32,400 0 0 $21.72 North Las Vegas 149 2,018,765 233,044 233,044 11.5% 26,024 3,457 0 $14.55 Northwest Las Vegas 352 7,239,702 1,114,049 1,114,049 15.4% 164,616 9,958 15,663 $18.18 SE Las Vegas/Henderson 83 1,193,140 210,169 210,169 17.6% (24,348) 17,000 0 $15.29 South Las Vegas 526 9,839,032 1,383,654 1,417,259 14.4% 97,470 6,705 82,000 $17.31 Southwest Las Vegas 505 8,072,741 1,254,938 1,315,773 16.3% 180,366 72,000 119,378 $20.09 West Las Vegas 395 6,382,295 712,668 890,818 14.0% 22,389 0 6,665 $15.26
Totals 2,298 44,053,165 6,198,662 6,508,269 14.8% 477,102 125,625 223,706 $17.90
Source: CoStar Property®
Class C Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 475 2,736,559 351,712 351,712 12.9% 19,718 0 0 $11.94 Central North Las Vegas 91 661,903 41,738 41,738 6.3% (2,299) 0 0 $17.11 Downtown Las Vegas 252 935,659 116,672 116,672 12.5% 15,611 0 0 $17.77 North Las Vegas 59 450,800 59,033 59,033 13.1% 223 0 0 $17.68 Northwest Las Vegas 179 925,962 21,520 21,520 2.3% 2,029 0 0 $14.33 SE Las Vegas/Henderson 71 491,013 71,288 77,512 15.8% (20,331) 0 0 $12.79 South Las Vegas 215 1,193,382 117,211 117,211 9.8% 13,212 0 0 $14.48 Southwest Las Vegas 54 370,664 18,892 18,892 5.1% 21,248 0 0 $13.44 West Las Vegas 146 816,426 69,554 69,554 8.5% 49 0 0 $14.75
Totals 1,542 8,582,368 867,620 873,844 10.2% 49,460 0 0 $13.70
Source: CoStar Property®
Total Office Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas 657 9,178,921 1,695,861 1,730,525 18.9% 13,060 16,505 0 $18.79 Central North Las Vegas 142 2,358,191 141,667 141,667 6.0% 495 0 0 $18.26 Downtown Las Vegas 326 5,449,164 465,452 470,130 8.6% (2,776) 0 0 $25.83 North Las Vegas 208 2,469,565 292,077 292,077 11.8% 26,247 3,457 0 $14.78 Northwest Las Vegas 550 10,092,150 1,563,266 1,565,104 15.5% 277,644 67,924 15,663 $20.18 SE Las Vegas/Henderson 157 1,980,596 427,597 433,821 21.9% (7,854) 95,800 0 $18.17 South Las Vegas 763 12,761,371 1,633,693 1,687,128 13.2% 141,913 6,705 190,195 $17.71 Southwest Las Vegas 582 11,540,717 1,422,004 1,511,141 13.1% 446,221 252,000 294,278 $20.56 West Las Vegas 546 7,823,859 876,394 1,054,544 13.5% 133,599 0 6,665 $16.74
Totals 3,931 63,654,534 8,518,011 8,886,137 14.0% 1,028,549 442,391 506,801 $19.14
Source: CoStar Property®
Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory
Existing Inventory Vacancy
Figures at a Glance
20 CoStar Office Statistics ©2017 CoStar Group, Inc.
Las Vegas – Third Quarter 2017
Las Vegas Office MarketMarket Highlights – Class “A, B & C”
©2017 CoStar Group, Inc. CoStar Office Statistics 21
Third Quarter 2017 – Las Vegas
Las Vegas Office MarketMarket Highlights – Class “A, B & C”
S E L a s V e g a s / H e n d e r s o n M a r k e t
Deliveries, Absorption & Vacancy Historical Analysis, All Classes
Source: CoStar Property®
Vacant Space Quoted Rental RatesHistorical Analysis, All Classes Historical Analysis, All Classes
Source: CoStar Property® Source: CoStar Property®
Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates
2017 3q 157 1,980,596 433,821 21.9% (810) 0 0 0 0 $18.17
2017 2q 157 1,980,596 433,011 21.9% 3,566 2 89,300 0 0 $18.25
2017 1q 155 1,891,296 347,277 18.4% (10,610) 1 6,500 2 89,300 $19.32
2016 4q 154 1,884,796 330,167 17.5% 15,407 0 0 2 85,300 $15.44
2016 3q 154 1,884,796 345,574 18.3% 1,283 0 0 2 85,300 $18.59
2016 2q 154 1,884,796 346,857 18.4% (1,196) 0 0 2 85,300 $18.03
2016 1q 154 1,884,796 345,661 18.3% 16,867 0 0 1 6,500 $19.01
2015 4q 154 1,884,796 362,528 19.2% 17,726 0 0 1 6,500 $14.14
2015 3q 154 1,884,796 380,254 20.2% 36,370 0 0 0 0 $18.16
2015 2q 154 1,884,796 416,624 22.1% 10,505 0 0 0 0 $17.95
2015 1q 154 1,884,796 427,129 22.7% 9,438 0 0 0 0 $19.22
2014 4q 154 1,884,796 436,567 23.2% (38,967) 1 10,000 0 0 $14.15
2014 3q 153 1,874,796 387,600 20.7% 6,921 0 0 1 10,000 $18.95
2014 2q 153 1,874,796 394,521 21.0% 55,749 0 0 1 10,000 $18.99
2014 1q 153 1,874,796 450,270 24.0% 29,934 0 0 1 10,000 $20.86
2013 4q 153 1,874,796 480,204 25.6% (1,018) 0 0 1 10,000 $14.59
Source: CoStar Property®
UC InventoryDelivered InventoryExisting Inventory Vacancy
(0.060)
(0.040)
(0.020)
0.000
0.020
0.040
0.060
0.080
0.100
2014 1q 2014 2q 2014 3q 2014 4q 2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q 2017 3q
Millions
SF
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Percen
t Vacan
t
Delivered SF Absorption SF Vacancy
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
2016 1q 2016 3q 2017 1q 2017 3q
Dollar
s/SF
/Yea
r
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
2016 1q 2016 3q 2017 1q 2017 3q
Millions
SF
Direct SF Sublet SF
13 | 827 S. Boulder Highway - Offering Memorandum
las vegas industrial & se/henderson submarket review
8 CoStar Industrial Statistics ©2017 CoStar Group, Inc.
Las Vegas � Third Quarter 2017
Las Vegas Industrial MarketThird Quarter 2017 – Las Vegas
Las Vegas Industrial Market
©2017 CoStar Group, Inc. CoStar Industrial Statistics 9
Flex Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 134 2,731,116 299,449 301,448 11.0% 47,192 0 0 $11.54
Central Las Vegas Ind 122 6,453,959 75,185 85,485 1.3% (613) 0 0 $14.02
North Las Vegas Ind 165 2,163,758 141,010 143,428 6.6% (3,317) 0 0 $7.33
Northwest Las Vegas Ind 20 443,166 48,647 48,647 11.0% 11,566 0 0 $11.29
SE LV/Henderson Ind 95 1,202,196 98,234 98,234 8.2% 8,383 0 0 $8.80
Speedway Ind 13 349,949 22,800 22,800 6.5% 9,028 0 0 $5.54
SW Las Vegas Ind 250 4,785,502 569,303 576,814 12.1% (24,023) 295,500 0 $10.57
West Las Vegas Ind 157 3,640,862 329,891 329,891 9.1% (4,817) 0 0 $9.67
Totals 956 21,770,508 1,584,519 1,606,747 7.4% 43,399 295,500 0 $10.17
Source: CoStar Property®
Warehouse Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 362 12,291,095 857,017 916,233 7.5% 1,067 27,000 27,000 $8.15
Central Las Vegas Ind 365 7,004,806 465,705 465,705 6.6% 44,077 0 0 $7.77
North Las Vegas Ind 898 33,295,498 2,632,274 2,744,983 8.2% 519,891 1,195,956 4,479,019 $5.56
Northwest Las Vegas Ind 20 462,936 2,512 2,512 0.5% 42,368 0 0 $10.76
SE LV/Henderson Ind 438 14,976,622 997,756 1,025,026 6.8% 332,250 548,990 980,240 $6.47
Speedway Ind 51 3,416,664 200,145 200,145 5.9% 88,072 0 0 $5.29
SW Las Vegas Ind 779 25,646,348 1,430,061 1,463,730 5.7% 299,822 235,938 35,000 $7.87
West Las Vegas Ind 302 7,117,529 342,317 342,317 4.8% 73,937 0 0 $8.84
Totals 3,215 104,211,498 6,927,787 7,160,651 6.9% 1,401,484 2,007,884 5,521,259 $6.75
Source: CoStar Property®
Total Industrial Market Statistics Third Quarter 2017
YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 496 15,022,211 1,156,466 1,217,681 8.1% 48,259 27,000 27,000 $8.96
Central Las Vegas Ind 487 13,458,765 540,890 551,190 4.1% 43,464 0 0 $8.32
North Las Vegas Ind 1,063 35,459,256 2,773,284 2,888,411 8.1% 516,574 1,195,956 4,479,019 $5.62
Northwest Las Vegas Ind 40 906,102 51,159 51,159 5.6% 53,934 0 0 $11.20
SE LV/Henderson Ind 533 16,178,818 1,095,990 1,123,260 6.9% 340,633 548,990 980,240 $6.62
Speedway Ind 64 3,766,613 222,945 222,945 5.9% 97,100 0 0 $5.32
SW Las Vegas Ind 1,029 30,431,850 1,999,364 2,040,544 6.7% 275,799 531,438 35,000 $8.25
West Las Vegas Ind 459 10,758,391 672,208 672,208 6.2% 69,120 0 0 $9.10
Totals 4,171 125,982,006 8,512,306 8,767,398 7.0% 1,444,883 2,303,384 5,521,259 $7.16
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
18 CoStar Industrial Statistics ©2017 CoStar Group, Inc.
Las Vegas – Third Quarter 2017
Las Vegas Industrial MarketMARKET HIGHLIGHTS - Flex & Warehouse
©2017 CoStar Group, Inc. CoStar Industrial Statistics 19
Third Quarter 2017 – Las Vegas
Las Vegas Industrial MarketMARKET HIGHLIGHTS - Flex & Warehouse
S E L V / H e n d e r s o n M a r k e t
Deliveries, Absorption & Vacancy Historical Analysis, Flex and Warehouse
Source: CoStar Property®
Vacant Space Quoted Rental RatesHistorical Analysis, Flex and Warehouse Historical Analysis, Flex and Warehouse
Source: CoStar Property® Source: CoStar Property®
Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates
2017 3q 533 16,178,818 1,123,260 6.9% 112,398 3 69,980 6 980,240 $6.62
2017 2q 530 16,108,838 1,165,678 7.2% 106,615 3 239,010 8 853,100 $6.67
2017 1q 527 15,869,828 1,033,283 6.5% 121,620 1 240,000 8 906,110 $6.70
2016 4q 526 15,629,828 914,903 5.9% 9,019 2 403,000 8 948,990 $6.85
2016 3q 524 15,226,828 520,922 3.4% 236,162 0 0 9 951,990 $6.80
2016 2q 524 15,226,828 757,084 5.0% 32,533 1 232,856 4 622,730 $6.67
2016 1q 523 14,993,972 556,761 3.7% (21,353) 0 0 1 232,856 $6.62
2015 4q 523 14,993,972 535,408 3.6% 53,603 0 0 1 232,856 $6.56
2015 3q 523 14,993,972 589,011 3.9% (39,141) 0 0 0 0 $6.38
2015 2q 523 14,993,972 549,870 3.7% 91,579 0 0 0 0 $6.31
2015 1q 523 14,993,972 641,449 4.3% 39,776 0 0 0 0 $6.26
2014 4q 523 14,993,972 681,225 4.5% 336,257 0 0 0 0 $6.13
2014 3q 523 14,993,972 1,017,482 6.8% 154,158 0 0 0 0 $6.06
2014 2q 523 14,993,972 1,171,640 7.8% 162,140 0 0 0 0 $5.83
2014 1q 523 14,993,972 1,333,780 8.9% 270,550 2 368,845 0 0 $5.80
2013 4q 521 14,625,127 1,235,485 8.4% 311 0 0 2 368,845 $5.96
Source: CoStar Property®
UC InventoryDelivered InventoryExisting Inventory Vacancy
(0.100)
(0.050)
0.000
0.050
0.100
0.150
0.200
0.250
0.300
0.350
0.400
0.450
2014 1q 2014 2q 2014 3q 2014 4q 2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q 2017 3q
Millions
SF
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Percen
t Vacan
t
Delivered SF Absorption SF Vacancy
$6.50
$6.55
$6.60
$6.65
$6.70
$6.75
$6.80
$6.85
$6.90
2016 1q 2016 3q 2017 1q 2017 3q
Dollar
s/SF
/Yea
r
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
2016 1q 2016 3q 2017 1q 2017 3q
Millions
SF
Direct SF Sublet SF
14 | 827 S. Boulder Highway - Offering Memorandum
area demograPhiCs (1 mile radius)Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 1 mile radius Latitude: 36.02655
Longitude: -114.96765
Summary Census 2010 2016 2021Population 13,157 13,844 14,727Households 5,006 5,206 5,504Families 3,188 3,306 3,491Average Household Size 2.57 2.60 2.62Owner Occupied Housing Units 2,734 2,627 2,795Renter Occupied Housing Units 2,272 2,579 2,709Median Age 37.5 38.5 39.2
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.24% 1.43% 0.84%Households 1.12% 1.30% 0.79%Families 1.09% 1.28% 0.72%Owner HHs 1.25% 1.29% 0.73%Median Household Income 1.91% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 815 15.7% 894 16.2%$15,000 - $24,999 596 11.4% 613 11.1%$25,000 - $34,999 593 11.4% 682 12.4%$35,000 - $49,999 760 14.6% 526 9.6%$50,000 - $74,999 1,091 21.0% 1,117 20.3%$75,000 - $99,999 610 11.7% 726 13.2%$100,000 - $149,999 516 9.9% 677 12.3%$150,000 - $199,999 119 2.3% 151 2.7%$200,000+ 107 2.1% 118 2.1%
Median Household Income $45,981 $50,532Average Household Income $59,432 $63,955Per Capita Income $23,737 $25,214
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 884 6.7% 891 6.4% 941 6.4%5 - 9 853 6.5% 868 6.3% 902 6.1%10 - 14 939 7.1% 865 6.2% 921 6.3%15 - 19 940 7.1% 899 6.5% 863 5.9%20 - 24 850 6.5% 977 7.1% 907 6.2%25 - 34 1,720 13.1% 1,841 13.3% 2,081 14.1%35 - 44 1,646 12.5% 1,654 11.9% 1,773 12.0%45 - 54 1,897 14.4% 1,843 13.3% 1,736 11.8%55 - 64 1,578 12.0% 1,727 12.5% 1,848 12.5%65 - 74 1,057 8.0% 1,306 9.4% 1,532 10.4%75 - 84 599 4.6% 719 5.2% 900 6.1%
85+ 197 1.5% 254 1.8% 324 2.2%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 10,170 77.3% 10,216 73.8% 10,374 70.4%Black Alone 741 5.6% 887 6.4% 1,036 7.0%American Indian Alone 142 1.1% 162 1.2% 180 1.2%Asian Alone 402 3.1% 494 3.6% 608 4.1%Pacific Islander Alone 69 0.5% 79 0.6% 93 0.6%Some Other Race Alone 955 7.3% 1,184 8.6% 1,463 9.9%Two or More Races 678 5.2% 821 5.9% 972 6.6%
Hispanic Origin (Any Race) 2,518 19.1% 3,084 22.3% 3,706 25.2%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 1 of 6
Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 1 mile radius Latitude: 36.02655
Longitude: -114.96765
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K15.7%
$15K - $24K11.4%$25K - $34K
11.4%
$35K - $49K14.6%
$50K - $74K21.0%
$75K - $99K11.7%
$100K - $149K9.9%
$150K - $199K2.3%
$200K+2.1%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 22.3%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 2 of 6
15 | 827 S. Boulder Highway - Offering Memorandum
Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 3 mile radius Latitude: 36.02655
Longitude: -114.96765
Summary Census 2010 2016 2021Population 73,137 77,334 82,214Households 25,896 26,969 28,443Families 18,566 19,241 20,242Average Household Size 2.80 2.84 2.87Owner Occupied Housing Units 18,033 17,723 18,605Renter Occupied Housing Units 7,863 9,246 9,838Median Age 37.3 38.3 38.4
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.23% 1.43% 0.84%Households 1.07% 1.30% 0.79%Families 1.02% 1.28% 0.72%Owner HHs 0.98% 1.29% 0.73%Median Household Income 2.28% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 2,934 10.9% 3,109 10.9%$15,000 - $24,999 2,454 9.1% 2,409 8.5%$25,000 - $34,999 2,268 8.4% 2,523 8.9%$35,000 - $49,999 3,509 13.0% 2,221 7.8%$50,000 - $74,999 5,529 20.5% 5,743 20.2%$75,000 - $99,999 4,147 15.4% 4,658 16.4%$100,000 - $149,999 4,217 15.6% 5,364 18.9%$150,000 - $199,999 1,167 4.3% 1,524 5.4%$200,000+ 745 2.8% 893 3.1%
Median Household Income $58,063 $65,001Average Household Income $71,988 $79,185Per Capita Income $25,747 $28,033
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 4,970 6.8% 5,050 6.5% 5,363 6.5%5 - 9 5,275 7.2% 5,156 6.7% 5,445 6.6%10 - 14 5,469 7.5% 5,389 7.0% 5,546 6.7%15 - 19 5,285 7.2% 5,069 6.6% 5,222 6.4%20 - 24 4,060 5.6% 4,749 6.1% 4,447 5.4%25 - 34 9,089 12.4% 9,872 12.8% 11,225 13.7%35 - 44 10,820 14.8% 10,533 13.6% 11,127 13.5%45 - 54 10,754 14.7% 10,810 14.0% 10,546 12.8%55 - 64 8,801 12.0% 9,741 12.6% 10,198 12.4%65 - 74 5,292 7.2% 6,928 9.0% 8,064 9.8%75 - 84 2,552 3.5% 3,080 4.0% 3,872 4.7%
85+ 770 1.1% 955 1.2% 1,158 1.4%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 58,475 80.0% 59,277 76.7% 60,405 73.5%Black Alone 3,315 4.5% 4,062 5.3% 4,794 5.8%American Indian Alone 684 0.9% 783 1.0% 868 1.1%Asian Alone 2,791 3.8% 3,484 4.5% 4,322 5.3%Pacific Islander Alone 363 0.5% 409 0.5% 473 0.6%Some Other Race Alone 4,137 5.7% 5,154 6.7% 6,377 7.8%Two or More Races 3,373 4.6% 4,165 5.4% 4,975 6.1%
Hispanic Origin (Any Race) 12,296 16.8% 15,176 19.6% 18,256 22.2%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 3 of 6
Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 3 mile radius Latitude: 36.02655
Longitude: -114.96765
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
2.22
1.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K10.9%
$15K - $24K9.1%
$25K - $34K8.4%
$35K - $49K13.0%
$50K - $74K20.5%
$75K - $99K15.4%
$100K - $149K15.6%
$150K - $199K4.3%
$200K+2.8%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 19.6%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 4 of 6
area demograPhiCs (3 mile radius)
16 | 827 S. Boulder Highway - Offering Memorandum
Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 5 mile radius Latitude: 36.02655
Longitude: -114.96765
Summary Census 2010 2016 2021Population 113,152 124,883 135,543Households 41,429 45,166 48,723Families 28,763 31,124 33,455Average Household Size 2.71 2.75 2.77Owner Occupied Housing Units 27,122 27,797 29,910Renter Occupied Housing Units 14,307 17,369 18,813Median Age 36.6 37.5 37.5
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.65% 1.43% 0.84%Households 1.53% 1.30% 0.79%Families 1.45% 1.28% 0.72%Owner HHs 1.48% 1.29% 0.73%Median Household Income 2.50% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 4,782 10.6% 5,092 10.5%$15,000 - $24,999 3,945 8.7% 3,952 8.1%$25,000 - $34,999 3,835 8.5% 4,353 8.9%$35,000 - $49,999 5,994 13.3% 3,918 8.0%$50,000 - $74,999 9,011 20.0% 9,538 19.6%$75,000 - $99,999 7,337 16.2% 8,434 17.3%$100,000 - $149,999 6,941 15.4% 9,058 18.6%$150,000 - $199,999 1,959 4.3% 2,670 5.5%$200,000+ 1,361 3.0% 1,707 3.5%
Median Household Income $58,728 $66,460Average Household Income $73,128 $80,980Per Capita Income $26,950 $29,594
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 7,771 6.9% 8,259 6.6% 8,991 6.6%5 - 9 8,023 7.1% 8,325 6.7% 8,985 6.6%10 - 14 8,079 7.1% 8,464 6.8% 9,098 6.7%15 - 19 7,620 6.7% 7,767 6.2% 8,249 6.1%20 - 24 6,601 5.8% 7,557 6.1% 7,490 5.5%25 - 34 15,787 14.0% 17,560 14.1% 19,754 14.6%35 - 44 17,211 15.2% 17,862 14.3% 19,677 14.5%45 - 54 16,302 14.4% 17,223 13.8% 17,219 12.7%55 - 64 13,237 11.7% 15,199 12.2% 16,096 11.9%65 - 74 7,826 6.9% 10,682 8.6% 12,497 9.2%75 - 84 3,656 3.2% 4,610 3.7% 5,801 4.3%
85+ 1,039 0.9% 1,374 1.1% 1,685 1.2%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 87,669 77.5% 92,070 73.7% 95,195 70.2%Black Alone 5,742 5.1% 7,323 5.9% 8,786 6.5%American Indian Alone 969 0.9% 1,134 0.9% 1,266 0.9%Asian Alone 6,034 5.3% 8,089 6.5% 10,296 7.6%Pacific Islander Alone 613 0.5% 712 0.6% 836 0.6%Some Other Race Alone 6,549 5.8% 8,385 6.7% 10,469 7.7%Two or More Races 5,577 4.9% 7,170 5.7% 8,695 6.4%
Hispanic Origin (Any Race) 19,494 17.2% 24,781 19.8% 30,131 22.2%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 5 of 6
Demographic and Income Profile827 S Boulder Hwy, Henderson, Nevada, 89015 Prepared by EsriRing: 5 mile radius Latitude: 36.02655
Longitude: -114.96765
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
2.42.2
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K10.6%
$15K - $24K8.7%
$25K - $34K8.5%
$35K - $49K13.3%
$50K - $74K20.0%
$75K - $99K16.2%
$100K - $149K15.4%
$150K - $199K4.3%
$200K+3.0%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 19.8%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
February 17, 2017
©2016 Esri Page 6 of 6
area demograPhiCs (5 mile radius)
17 | 827 S. Boulder Highway - Offering Memorandum
The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing 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 subject to error, omissions change of price or conditions prior to sale, or withdrawal without notice.
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