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23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE
www.colliersproperties.com/isg
COLLIERS INTERNATIONAL865 S. Figueroa Street, 3500Los Angeles, California, 90017
SCOTT HEATON213 532 [email protected]. 00757159
MICHAEL STUART702 836 [email protected]
PATRICK BARNES213 532 [email protected]. 01333182
Bank Owned - High Pro!le Mixed-Use Development Site
215
TROPICANA AVENUE - ± 31,500 CPD
W. HAC
IENDA
AVE
NUE
W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
Strip
FOR SALE >
± 44,000 CPDFrontage Road: Jerry Tarkanian Way
$5,300,000 ($5.17 PSF)!
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGEW. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
www.colliersproperties.com/isg
Bank Owned - High Pro!le Mixed-Use Development Site
EXECUTIVE SUMMARY
Colliers International is pleased to o"er for sale an assemblage of seven vacant undeveloped land parcels totaling approximately 23.53 acres or 1,024,986 square feet. The site is bounded by West Hacienda Avenue on the south and frontage road, Jerry Tarkanian Way, along the easterly property line. It is located within Clark County jurisdiction – Spring Valley area of Las Vegas approximately 1.5 miles south of Summerlin, one of the most successful master planned communities in the western United States. This future build-to-suit or development site is adjacent to a 600,000 + square foot power center anchored by Wal-Mart, Lowes, Sports Authority and PetSmart. About 80% or 18.39 acres of the site is not deed restricted against residential or overnight stay- this is a big plus as most developers want the flexibility to create a mixed-use development here. The land parcels are just south of the Tropicana Avenue on/o" ramps to the 215 Beltway and enjoy unobstructed views from both north and south bound directions while travelling along the 215 Beltway.
O!ering Price: $5,300,000 ($5.17 PSF)
Property Address: North of West Hacienda Avenue, west of I-215 Las Vegas Beltway just south o" Tropicana Avenue exit.
Land Area: The project consists of seven undeveloped land parcels totaling approximately 23.53 acres or 1,024,986 square feet..Tra"c Count: Tra#c counts at the Interstate 215 and Tropicana Avenue are approximately 44,000 Cars Per Day (CPD). Frontage Road, Jerry Tarkaninan Way, borders the easterly property line and can allow direct access into the site heading in a southerly direction. This frontage road connects back to the 215 freeway at the next major street, Russell Road.
Site Improvements: Undeveloped. Relatively flat with general topography sloping to the east. Curb, sidewalks and gutter in place along north side of W. Hacienda Avenue.
Zoning: C-2 General Commercial District with majority of site in a Mixed-Use Development 3 Overlay.
HIGHLIGHTS
Priced for immediate sale. The parcels were purchased in 2007 • for $30.2M or $29.46 per square foot.
• Highly sought after market for investment. Historically Las Vegas is one of the fastest growing metropolitan areas in the United States.
• O"ering over 2,000 linear feet of unobstructed visibility from north and south bound Interstate 215 Beltway where 44,000 cars travel daily.
• One of only a few signi!cant freeway frontage sites with easy access to I-215 Freeways via Tropicana Avenue and South Fort Apache Road.
• Historically this trade area has experienced strong demand from tenants wanting freeway identity proximate to the communities of Summerlin and Spring valley.
• Located adjacent to the Tropicana Beltway Center, a 600,000+ SF retail power center with national tenants such as Wal-Mart, Lowes, Sports Authority, O#ce Depot, Pier 1, Chase, Pet Smart, Starbucks, Bank of America, Marshalls and Walgreens.
• The property is located within Clark County Cooperative Management Agreement area (CMA), HOWEVER, the bulk of the land area (approximately 18.39 acres) is NOT deed restricted against residential, multifamily and overnight stay.
W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
www.colliersproperties.com/isg
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGEBank Owned - High Pro!le Mixed-Use Development Site
014
007
W. HACIENDA BLVD
008
005 006
FRONTAGE ROAD:
009
011215
FORT
APA
CHE
RD
JERRY
LAS VEGAS BELTWAY ±44,000 CPD
APN # Land SF Land Acres Zoning163-29-201-005* 204,296 4.69 C-2163-29-201-006* 204,296 4.69 C-2163-29-201-007 123,275 2.83 R-E163-29-201-008* 217,800 5.00 C-2163-29-201-009* 174,676 4.01 C-2163-29-201-011 14,810 0.34 C-2163-29-101-014 95,832 2.20 C-2Gross Total: 1,034,985 SF (23.76 Acres)Net Total: 1,024,986 SF (23.53 Acres)*Not deed restricted against residential or overnight stay
W. Hacienda Avenue Frontage ±650 FeetI-215 Las Vegas Beltway Frontage ±2,080 Feet
Demographics Population(2009 estimate)
Projected Annual Population Growth (2009-2014)
Downtown 85,167 3.3%Southwest 157,411 26.2%Northwest 445,233 13.6%Henderson 240,280 13.6%
Not deed restricted against residential or overnight stay
TARK
AN
IAN
WAY
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.
COLLIERS INTERNATIONAL865 S. Figueroa Street, 3500Los Angeles, California, 90017
SCOTT HEATON213 532 [email protected]. 00757159
PATRICK BARNES213 532 [email protected]. 01333182
MICHAEL STUART702 836 [email protected]
W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148
23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGEBank Owned - High Pro!le Mixed-Use Development Site
NORTHWESTEAST
LAS VEGAS
NORTHLAS VEGAS
SO THWEST
WESTENTRAL
A R ORT
HEN ERSON
15
15
15
5
5
Strip
W HACIENDA AVE
W TROPICANA AVE
JERRY TARKANIAN WAY (F
RONTAGE)
2121212112121215555555552 5
212121212121212121112112 555552 5
W. HACIENDA AVE & I-215 HIGHWAY
