Property Features

• Decatur Crossing-Phase II was developed and constructed with completion in 2006. The improvements consist of three (3) single-story, multi-tenant industrial buildings, containing approximately 140,596 rentable square feet, situated on ±9.12 gross acres. It is located at 6420, 6450 & 6480 S. Cameron Street, Las Vegas, Nevada 89118.
• There are a total of ±357 on-site parking spaces at the property. Based upon the Property’s ±140,596 rentable square feet, there is sufficient parking at the Property to provide a minimum parking ratio of ±2.54:1,000.
• The Property was developed with diverse product including “flex” and “mid-bay” distribution space with suites designed from 2,186 square feet up to 12,608 square feet. Currently the buildings are configured for 13 separately-metered suites ranging in size from 2,398 square feet up to 32,576 square feet.
• Current in-place triple-net lease base rental rates range from $0.754 to $1.163 per square foot per month ($9.05 to $13.96 per square foot per year). The average in-place monthly triple-net base rental rate per square foot is $0.864 ($10.37 per square foot per year). All leases are on a triple-net basis with the tenants being responsible for their direct electricity, phone, security, and other separately metered utility charges as well as their pro-rata share of the Common Area Operating Expenses.

Location Highlights

• The Property is located in the Southwest Industrial Submarket in Las Vegas, Clark County, Nevada. The Southwest Submarket is the largest submarket in the Las Vegas Valley with a total inventory of ±31,000,000 square feet, with average rental rate of $0.93/sf triple net with an average vacancy rate of just 6.9%.
• The Property is ideally located near the intersection of Decatur Boulevard and Sunset Road, within ¼ mile from the Interstate 215 (Southern Beltway) and Decatur Boulevard freeway interchange. This central location offers easy accessibility to the resort corridor (“The Strip”), McCarran International Airport, and the Green Valley/Anthem/Seven Hills and Summerlin residential communities.

Financial Benefits

• Minimal Rollover Expenditure: Since the property was developed with built-out suites, tenants are afforded several options with which to match their space requirement. Hence, when tenants vacate the property minimal costs are borne by the landlord to release the space (typically paint and carpet cleaning).
• Favorable Existing Assumable Debt: The property is offered with existing debt with a fixed 5.89% interest rate which is interest only through October 2012 and then fully-amortizing over 30-years through the remaining term expiring in October 2016. The assumption process should be much less cumbersome compared to obtaining new financing due to the volatile financial market.
• New Construction: Due to its recent construction, which was completed in 2006, the Property shows extremely well to prospective tenants and provides a number of aesthetic benefits over other competitive properties in the market. In addition, this new construction limits the Landlord’s liability to any immediate major capital expenditures due to deferred maintenance.