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.

Executive Summary

Executive Summary

Team

James Griffis SIOR

James Griffis SIOR

Principal - Capital Markets
Avison Young - US - NV - Las Vegas
+1 702.715.0809
Chris Lexis SIOR

Chris Lexis SIOR

Principal
Avison Young
+1 702 376 8500
Joe Leavitt, SIOR

Joe Leavitt, SIOR

Principal
Avison Young - US - NV - Las Vegas
+1 702.303.7893