Map of Property

5935 Polaris Avenue

For Sale

5935 Polaris Avenue, Las Vegas, NV 89118

This Las Vegas property for sale is located at 5935 Polaris Avenue. The general use of 5935 Polaris Avenue is industrial and it incorporates 42,909 square feet of class B industrial space. The current listed sale price for 5935 Polaris Avenue is $12,400,000. 5935 Polaris Avenue is situated on a lot that is 2.46 acre in size.

Contacts

broker

Michael Willmore

CBRE

(702) 369-4823

broker

Lauren Willmore

CBRE

(702) 369-4825

broker

Kyle Kirchmeier

CBRE

(702) 369-4682

broker

Alex Stanisic

CBRE

(702) 369-4874

broker

Dean Willmore

CBRE

(702) 369-4808

Property Details

  • Property Type Industrial
  • Property Size 42,909 SF
  • Lot Size 2.46 Acre
  • Cap Rate % 3.84
  • NOI / YR 475001.04
  • Parking Spaces Avail. 78
  • Parking Ratio 1.82 / 1,000 SF
  • Building Class B
  • Year Built 1983
  • Date Updated Apr 24, 2024
  • Clear Height 18'
  • Grade Level Doors 13
  • Office Area 4,000 SF
  • Electricity Service 277/480 Volt, 3-Phase power
  • Fire Sprinklers Other

5935 South Polaris Avenue (the "Property") is located near the intersection of Russell Road and the I-15, approximately 1,500 feet South of Allegiant Stadium on the NWC of Polaris Avenue and Ponderosa Way. The improvements were built in 1983 and consist of three (3) steel, single-tenant industrial buildings totaling ±42,909 SF on ±2.46 acres. The buildings are occupied by two Tenants on NNN Leases, Service King and A-1 Mechanical. The Lease for Service King expires 12/31/2028 and the Lease for A-1 Mechanical expires 5/31/2026; Service King's Lease includes two (2) 5-year Options to Renew at CPI and A-1 Mechanical's Lease has one (1) 2-year Option to Renew at fair market rent. Extremely functional Industrial property with 18' clearance height, fire sprinklers, 277/480 Volt, 3-Phase power, seventy-eight (78) total parking spaces and thirteen (13) grade level roll-up doors. The Property is zoned M-1 Light Industrial (Clark County), which permits general industrial and light manufacturing. The Property is owned free & clear. For more information or to schedule a tour please contact Alex Stanisic at 702-369-4974 or Dean Willmore at 702-369-4808.

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Location

  • City Las Vegas, NV
  • Neighborhood Paradise
  • Zip Code 89118
  • Market Las Vegas

Points of Interest

  • Mandalay Bay

    1.03 miles

  • Luxor

    1.19 miles

  • Rideshare Pickup

    1.32 miles

  • Excalibur

    1.35 miles

  • Excalibur North

    1.46 miles

  • YCS Cab

    1.58 miles

  • MGM Grand

    1.79 miles

  • Park MGM Tram Station

    1.79 miles

  • Rideshare Pickup

    1.89 miles

  • The Crystals Tram Station

    1.93 miles

  • Chevron

    0.87 miles

  • Shell

    0.96 miles

  • Tesla Supercharger

    1.05 miles

  • Standard

    1.31 miles

  • Arco

    1.33 miles

  • Arco

    1.35 miles

  • Shell

    1.38 miles

  • Maverik

    1.39 miles

  • Sinclair (Truck Stop)

    1.46 miles

  • Chevron

    1.48 miles

  • Foster Day

    1.82 miles

  • Ace Car Rental

    1.89 miles

  • Budget

    1.90 miles

  • Harry Reid Airport Rent-A-Car Center

    1.92 miles

  • Alamo

    1.93 miles

  • nü

    2.07 miles

  • Dollar

    2.56 miles

  • Escape Campervans

    3.34 miles

  • EcoWash

    3.62 miles

  • Fox

    3.68 miles

  • Border Grill

    0.79 miles

  • Strip Steak

    0.81 miles

  • Jack in the Box

    0.86 miles

  • Aureole

    0.87 miles

  • Fleur by Hubert Keller

    0.89 miles

  • Mizuya

    0.91 miles

  • Red Square

    0.92 miles

  • Noodle Shop

    0.92 miles

  • Veranda

    0.92 miles

  • LUPO

    0.93 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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