Pageantry West
Las Vegas, NV
Building
8925-8945 W. Russell Rd. is situated a block away from the I-215 Beltway and centrally located between the prestigious master planned communities of Summerlin and Green Valley, a prime location favored by executives.
Stabilized Rent Roll with Significant Upside in Rents: Pageantry West features a stabilized rent roll with 80% of the GLA below market rents. The WALT of 3.21 years allows for future ownership to capitalize on higher rents as tenant leases roll, furthering their return on investment.
Capital Investment: Since 2022, ownership has invested over $500,000 into building renovations, including updates to the common areas, parking lot slurry, and landscaping. The roof has a transferable warranty that expires in 7 years. Located in the Center of Demand: The Southwest submarket continues to be the center of growth for homes, business and restaurants. With Durango Casino set to expand 1 year after opening and movie studios looking to open, the growth trend continues.