- For Sale $8,675,000
- Property Type Office
- Property Size 29,303 SF
- Lot Size 2.08 Acre
- # of Floors 2
- Parking Ratio 5.84 / 1,000 SF
- Year Built 2006
- Date Updated May 21, 2026
Description
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 suburban 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 Property is a perfect investment (100% leased, fixed annual increases, below market rents) for investors seeking very stable (credit tenants, e.g. Walgreens, ICW Insurance) cash flow in a high demand area.
Highlights
- 000 sf or less
- 232InPlace Cap Rate 7.99LONG TERM TENANCY Two tenants
- have been in place for seven years or longer. In a market where tenant leases are typically three to five years
- have recently been renovated to current interior standards. These recent renovations provide a new owner with turnkey spaces. If tenants are to vacate after their current lease cycle
- minimal tenant improvements would be required to attract a new tenant. Furthermore
- Occupancy 100InPlace NOI $299
- or all but two suites
- the space occupied is sized for their operational needs as a regional administrative office. MINIMAL FUTURE TENANT IMPROVEMENTS 53
- the weighted average lease term (WALT) is an attractive investment metric for buyers consideration. Additionally
- these suites are 5
- Walgreens recently reevaluated its footprint during its most recent lease renewal and rightsized its footprint for future occupancy. Therefore
- which is what 70 of tenants in the market occupy.
- which make up 47 of the total square feet occupied
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Contacts
Merlene Winkel
Cushman & Wakefield
Emily Brun
Cushman & Wakefield
Location
Located at 5888 W Sunset Road, Las Vegas, NV 89118, this property is part of the Spring Valley neighborhood and Las Vegas market.
Contact Sundance Park
