Highland Industrial Building

Category
Current Portfolio
About This Project

Location: 2975 Highland Drive, Las Vegas, NV

Acquisition:

  • Purchased in June 2015 for $950,000 ($65 per sq ft)
  • Leased to Glass Supply Inc
  • Stable long-term tenant
  • Currently zoned manufacturing (M-1)
  • Located within the re-development district, directly behind the new Echelon Place site

 

The opportunity to add value:

  • Lease the billboard located on the roof of the property for additional income
  • Potentially lease a portion of the space to Subway

 

Current Performance:

  • $90,000 in annual income NNN
  • Monthly net cash flow of $2,692 (after all expenses and interest)