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Hacienda & 215 23.53 Acres
- 1. $5 ($5 ,300 FOR SALE > .17 ,00 Bank Owned - High Pro le Mixed-Use Development Site PS 0 F)! 23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 COLLIERS INTERNATIONAL 865 S. Figueroa Street, 3500 Los Angeles, California, 90017 Strip S O L D - R.K. HOTELS LTD SCOTT HEATON 213 532 3280 scott.heaton@colliers.com Lic. 00757159 1,500 CPD AVEN UE - ± 3 MICHAEL STUART ICANA 702 836 3739 TROP mstuart@lvcolliers.com Frontage Road: Jerry Tarkania ± 44,000 n Way CPD PATRICK BARNES 215 213 532 3290 patrick.barnes@colliers.com Lic. 01333182 E NU E AV DA EN CI HA . W www.colliersproperties.com/isg
- 2. Bank Owned - High Pro le Mixed-Use Development Site 23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 EXECUTIVE SUMMARY HIGHLIGHTS Colliers International is pleased to offer for sale an assemblage of seven vacant • Priced for immediate sale. The parcels were purchased in 2007 undeveloped land parcels totaling approximately 23.53 acres or 1,024,986 square feet. The for $30.2M or $29.46 per square foot. 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 • Highly sought after market for investment. Historically Las most successful master planned communities in the western United States. This future Vegas is one of the fastest growing metropolitan areas in the United States. S O L D - R.K. HOTELS LTD 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 • Offering over 2,000 linear feet of unobstructed visibility from as most developers want the flexibility to create a mixed-use development here. The land north and south bound Interstate 215 Beltway where 44,000 cars parcels are just south of the Tropicana Avenue on/off ramps to the 215 Beltway and enjoy travel daily. unobstructed views from both north and south bound directions while travelling along the 215 Beltway. • One of only a few signi cant freeway frontage sites with easy access to I-215 Freeways via Tropicana Avenue and South Fort Offering Price: $5,300,000 ($5.17 PSF) Apache Road. Property Address: North of West Hacienda Avenue, west of I-215 Las Vegas Beltway just south off Tropicana Avenue exit. • Historically this trade area has experienced strong demand from tenants wanting freeway identity proximate to the communities of Land Area: The project consists of seven undeveloped land parcels Summerlin and Spring valley. totaling approximately 23.53 acres or 1,024,986 square feet. .Traffic Count: Traffic counts at the Interstate 215 and Tropicana Avenue are • Located adjacent to the Tropicana Beltway Center, a 600,000+ approximately 44,000 Cars Per Day (CPD). Frontage Road, SF retail power center with national tenants such as Wal-Mart, Jerry Tarkaninan Way, borders the easterly property line and Lowes, Sports Authority, Office Depot, Pier 1, Chase, Pet can allow direct access into the site heading in a southerly Smart, Starbucks, Bank of America, Marshalls and Walgreens. direction. This frontage road connects back to the 215 freeway at the next major street, Russell Road. • The property is located within Clark County Cooperative Site Improvements: Undeveloped. Relatively flat with general topography Management Agreement area (CMA), HOWEVER, the bulk of the sloping to the east. Curb, sidewalks and gutter in place land area (approximately 18.39 acres) is NOT deed restricted along north side of W. Hacienda Avenue. against residential, multifamily and overnight stay. Zoning: C-2 General Commercial District with majority of site in a Mixed-Use Development 3 Overlay. www.colliersproperties.com/isg
- 3. Bank Owned - High Pro le Mixed-Use Development Site 23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 APN # Land SF Land Acres Zoning LA 163-29-201-005* 204,296 4.69 C-2 S 163-29-201-006* 204,296 4.69 C-2 VE 163-29-201-007 123,275 2.83 R-E GA 163-29-201-008* 217,800 5.00 C-2 S BE S O L D - R.K. HOTELS LTD FR 163-29-201-009* 174,676 4.01 C-2 LT ON TA 163-29-201-011 14,810 0.34 C-2 FORT APACHE RD WA 163-29-101-014 95,832 2.20 C-2 GE RO Y 014 Gross Total: 1,034,985 SF (23.76 Acres) AD ±4 : Net Total: 1,024,986 SF (23.53 Acres) JE 4,0 RR *Not deed restricted against residential or overnight stay Y 00 TA R KA CP W. Hacienda Avenue Frontage ±650 Feet NI 008 009 D AN I-215 Las Vegas Beltway Frontage ±2,080 Feet W 215 AY 011 Demographics Population Projected Annual Population (2009 estimate) Growth (2009-2014) Downtown 85,167 3.3% Southwest 157,411 26.2% 005 006 007 Northwest 445,233 13.6% Henderson 240,280 13.6% W. HACIENDA BLVD Not deed restricted against residential or overnight stay www.colliersproperties.com/isg
- 4. Bank Owned - High Pro le Mixed-Use Development Site 23.53 ACRES WITH 2,000 LF FREEWAY FRONTAGE W. HACIENDA AVENUE & I-215 HIGHWAY • LAS VEGAS, NV • 89148 W TROP ICANA A VE 21 215 215 W. HACIENDA AVE & I-215 HIGHWAY S O L D - R.K. HOTELS LTD 5 15 NORTH LAS VEGAS W HA CIE NORTHWEST ND EAST AA LAS VEGAS VE ) GE WEST N TA ENTRAL 15 O (FR Y 5 WA Strip I AN K AN R A R OR T TA 21 215 Y 15 RR JE SO THWEST HEN ERSON SCOTT HEATON MICHAEL STUART PATRICK BARNES COLLIERS INTERNATIONAL 213 532 3280 702 836 3739 213 532 3290 865 S. Figueroa Street, 3500 scott.heaton@colliers.com mstuart@lvcolliers.com patrick.barnes@colliers.com Los Angeles, California, 90017 Lic. 00757159 Lic. 01333182 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.