OFFERING MEMORANDUM 82 UNIT EXTENDED STAY...mile away from the U.S. 95, this project provides...

OFFERING MEMORANDUM | THE BARGAIN MOTEL 200 S. 8th Street | Las Vegas, Nevada 89101

OFFERING MEMORANDUM

82 UNIT EXTENDED STAY200 S. 8th StreetLas Vegas, Nevada 89101Opportunity Zone

ASKING $8,475,000Paul ChaffeeSenior Vice [email protected] License: BS.1000874

Wil ChaffeeSenior Vice [email protected] Lic # S.0048190

100% Occupied, 82 Unit \ MULTIFAMILY INVESTMENT OFFERING


CONFIDENTIALITY & DISCLOSURESUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described here in (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed informa-tion (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Prop-erty. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker , nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

Paul ChaffeeSenior Vice [email protected] License: BS.1000874

Wil ChaffeeSenior Vice [email protected] Lic # S.0048190

Sun Commercial Real Estate, Inc.6140 Brent Thurman Way, Ste#140Las Vegas, NV 89148www.SunCommercialRE.com


TABLE OF CONTENTSProperty Overview Section 1

Offering Highlights

Property Photos

Las Vegas Valley Location Map

Assessor Parcel Map

Aerial Map

Market Overview Section 2

Area Demographics

Financials Section 3

P&L Statement Available Upon Request

© 2019 Sun Commercial Real Estate, Inc. The information contained herein as obtained from sources believed reliable however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing this analysis does so at the their own risk and agree to hold Sun Commercial Real Estate, Inc., it’s agents and employees harmless. The presentation of this property is subject to error, omissions change of price of conditions prior to sale, or withdrawal, without notice.


OFFERING HIGHLIGHTSTHE OFFERINGA 3-story, multi-family, 82 unit extended stay, in the heart of Downtown Las Vegas and located with-in a Qualified Opportunity Zone. The property is located at 200 S. 8th Street and is 100% occupied, the majority of which are long term tenants and a waiting list of eager tenants standing by to fill vacancies as they occur.

PROPERTY LOCATIONThis subject property is located on the southwest corner of S. 8th Street and E. Carson Avenue, within walking distance to a diverse selection of Las Vegas hotspots including the world famous Fremont Street Experience, Downtown Las Vegas, Downtown Container Park, a multitude of restaurants and bars that are recommended by top travel authorities and directly across the street from the Fremont Stage of the Life is Beautiful Music and Arts Festival. The subject is surrounded by popular multi-family projects such as the City Center Apartments, 8th Street Apartments, Park Avenue Apartments, the brand new Fremont 9 and is within close proximity to the Federal and Municipal Courthouses, Profes-sional Offices, World Class Entertainment, Shopping and major Medical Facilities. The location is well supported and highly suited to the popular urban living environment that continues to grow thanks to the excitement created by the recent revitalization and development of the area. Located just 1 mile away from the U.S. 95, this project provides fantastic access for visitors and locals alike.

PROPERTY DESCRIPTIONBuilt in 1974 with recent renovations. The water chiller A/C system has been completely rebuilt, which includes a new compressor, a new KVAR electrical cleanup system that covers the water tower and all lines going to all the rooms. The system has been chemically treated to clean out all pipes and is work-ing beautifully with a maintenance contract in place with the people who rebuilt the entire system. The project’s units have been recently renovated along with the building exterior and parking surfaces.

Located just 2 blocks off Las Vegas Boulevard, this valuable location within a Qualified Opportunity Zone boasts a current occupancy rate of 100% with a waiting list of eager Tenant’s standing by for po-tential vacancies. The property is professionally staffed by a team with decades of experience in the extended stay industry operating a current business model which generates their revenue by renting weekly and monthly rooms to local tenants, 80% of whom are retired and have social security checks coming in every month to pay the rent which has proven to be a successful model but also presents an excellent upside by providing an opportunity to shift the current model from a short term to a long term multi-family project with minor renovations and revitalization efforts. The current configuration features 10 one bedroom units with kitchens, 7 small junior studio units, and 65 regular studio units—all fully furnished.

OFFERING HIGHLIGHTS• Prime Location in Downtown Las Vegas

• Project units recently renovated

• Existing waiting list to fill potential vacancies

• 100% Occupied

• Fully Furnished

• Located within a Qualified Opportunity Zone

SUMMARY

Asking Price: $8,475,000

Cap Rate: 5.15%

Building Size: ±35,751 SF

Zoning: C-2 (General Commercial District)


PROPERTY PHOTOS


Silverado Ranch

Enterprise

Green ValleySouth

WhitneyRanch

MacDonaldRanch

SpringValley

SunriseManor

Downtown

BoulderCity

Seven Hills

Anthem

SouthernHighlands

RhodesRanch

MountainsEdge

Summerlin

CentennialHills

NorthLas Vegas

Winchester

Paradise

Henderson

Silverado Ranch

Enterprise

Green ValleySouth

WhitneyRanch

MacDonaldRanch

SpringValley

SunriseManor

Downtown

BoulderCity

Seven Hills

Anthem

SouthernHighlands

RhodesRanch

MountainsEdge

Summerlin

CentennialHills

NorthLas Vegas

Winchester

Paradise

Henderson

93

95

95

95

93

LAS VEGAS VALLEY LOCATION MAP


ASSESSOR PARCEL MAP

E5

E5

E5

E5

E5

022

50

50

18

11

140

SOUT

H

25

6 990

827:

495

130

22

8

16

14

140

25

OGDEN AVE

29

27

110

6

140

3

19

726

1

9

20

023

29

5

26

40

SUB

16

140.29

611

VAC 1249:120817732

23

130

1614

5

16028

VAC

2016

0419

:225

5

12

10

140

80

16

R=25

139.89

7

28

715

6

1

8

6

80

4

5

H

22

45

140

009

18

19

27

PB 1-13

5

3

19

12

140

035

32

140

2

082

15

50

80

PT

CLARKS L V TOWNSITE

11

8

16

4

135

50

613

25

PT 139-34-715-001

21

VAC

7

27

5R=10

25

VAC

9605

15:1

394

12

2

99.3

5

16

3102.72

70

8

25

22

32

32

24

13

6

11

140

25

R=10

11

24

14

31

25

5

17

29

2

4

21

601

NINT

H ST

1

30

8

6

11

130

12

10

21

2

036

NEONOPOLIS

9

140

10

240

1-15

6

012

25

130

68.91 SUBDIVISION

12

6

1925

9

4

7

7

130

31

4

17

140

130

024

2

300

030

2928

50

PB 1-7

20

67.5

7

(PARKING GARAGE)

25

17

13

1

17

36

2

24

035

019

7

40

9

SUBD

25

VAC

2016

0419

:225

5

134.6

25

25

I

7

31

130

13

25

5

19

0261

135

50

HAWKINS

005

15

10

R=10

FREMONT ST

4

LEASE

D2

140

3

15

9

8

3750

PT 139-34-701-001

2

82.3

15

19

15

8

9

TOWER

29

80

12

1

4

30

13

11 16

50

16

16

27

175

20

12

14

7512

23

SEVE

NTH

ST

140

22

7

50

14

140

601

10

2

601

PB 1-15

013

VAC

2004

1216

:485

5129.59

VAC

2016

0419

:225

5

16

3

601

PB87-35

26

5

1350

PB

16

PB 1-13

30

11

R=10

150

30

2

15

61.2

3

400

140

35

7

7

20

5

4

20

130

140.14

PT 139-34-111-064

PB 1-7

23

2

TENT

H ST

3

3

020

12

25

1

70

140

WARDIE ADD

23VAC

8809

15:1

024

9

20

20

9

2

50

133.5

14

10

140

6

(RETAIL AIR SPACE 2.75AC)

13

339.

93

19

17

4

7

9

022

R=10

11

25

12

NINT

H ST

30

28

25

19

31

150

27

10

STREET

23

140

37

9

7

80

8

3

3

FOUR

TH S

T

130

CARMEL

9

25

25

17

32

13

31

1139

15

17

80

BUCKS SUB8

034

80

033

16

016

PB 1-40

PM 119-72

ELEV

ENTH

ST

7

50

240

6

11

25

(RETAIL AIR SPACE)45

25

032

19

13

20

140

37

4

8

2

BLA

S VE

GAS

BLV

D

PB 1-7

8

5

13

19

400

084

9

50

70

PIONEER

3

PB 1-7

7

140

7

23

12

034300

601

5

80

8

25

17

289.93

039

13

17

25

35

2012

1

140

"A"

12

PT 139-34

80

1

-064

20

R=10

PT

601

8

17

25 514

5

12

80

50

9

PT 139-34-

14

70

7

300

25

701 32

210

9

125.

13

14025

126.2

31

PT 1

6

13

15

9

701

FREMONT ST

029

TENT

H ST

7

580

EXPERIENCE

31

9

6

"A"

GRANDVIEW ADD

6

2

C

11

4

1

9

80

10

1

FAIRVIEW

1

50

19

22

60

14

11

100

25

130

VAC

853:

6850

94

PB 1-13

PB 1-35

12

50

140

120

3

8

32

50

008

601

32

2812

4.97

017

75

140

PB 1-7

140

224.

83

18

18

085

3

(PARKING GARAGE)

9

25

5

4

73.46

HGTS

379.

98

5

22

PB 139-45

22

PB 1-2

014

143.3

106

50

80

I

32

18

8

50

49.9

9

3

14

CARSON AVE

80

30

R=10

10

PT 139-

11

70

29

4

140

-612-010

1

R=10

20

1

29

4

130

BRIDGER AVE

140

18

25

16

VAC

9806

10:0

1045

16

15

27

70

15LEASE

12

7

16

140

400

80

100

140

25

4

510

25

17

29

150

15

28

12

21

100

1

4

PT 139-34-512-027

175

7

3

15

PT 12

PB 1-15

15

5

15

10

015

25

6

2005

0802

:710

37

140

140.49

610006

140

195

50

4

062

140

R=10

PB 1-40

BUCKS

12

29

5

11

20

ADD

8

4

4

3

189.

75

1

3

20

6

4

10

18

20

50

1

4

414

140

140.14

25

601

10

3

187.71

20

4

018

1

3

12

25

22

10

28

26

25

24

10

PT 139-34-601-001

15

25

85

132.04

"A"

23

70

22

VAC *

25

023

13

80

22

027

2

13

2024

390

STEWART AVE

10

30

25

29

75

EIG

HTH

ST

13

5

601R=10

FREMONT

28 1

200

25

8

PT 12

025

20

6

16

63.86

30

25

PB 1-37

24

8

17

50

6018

280

50

R=10

CONDOMINIUM

18

004

30

130

80

I

16

7

TRACT

5

037

10

NEONOPOLIS

17

250

11

50

036

130

11

50

3

14

031

14

26

12

3

14

25

9

24

601

083

6

625

4

140

EIG

HTH

ST

VAC

19

99.9

6

20

7

10

21

20

50

23

2

140

101

PT 1

140

26

23

9

140

25

R=10

12

8

27

601

50

8

STREAMLINE

10

4

601-001

400

1414

25

18

10

10

THE BUNKHOUSE

18

VAC 048:038243

14

8

6

10

15

038

PB 1-40

9

3

11

13

25

8

26

2

8

SIXT

H ST

3

32

1-15

VAC

2016

0419

:225

5

501

17

8

HAWKINS ADD

612

13

VAC

2003

0602

:195

2

50

50

PB 1-15

200

99.9

6

11

18

80

15

200

27

7

400

VAC 1249:1208178

PB 87-35

13

140

380

LAS

VEG

AS B

LVD

4

140

50

260.02

2

7

12

29

17

11

6

1

155

1

11

22

139.

99

5

8

1

21

034

31

PB 1-35

6

20

125.72

24

34-11113

0

80

49.9

9

127

R=106

70

295

17

11

FOUR

TH S

T

25

PB

21

3

140140

7

136

19

VAC

9806

10:0

1045

140

25

20

26

140

18

25

16

31

1

10

140

006

10

021

701140

1

VAC

2018

0814

:301

1

200

150

2

5

400

400 VA

C 20

1808

14:3

011

1

VAC 20160419:2255

200

003

001

007011

005

002

057

007

027

025

0110.8

0060.3

0061.42

0140.69

0220.15

0150.52

0140.23

0130.69

0121.75

0101.51

0090.64

0082.75

0071.29

0040.48

0050.32

See Condo List Page

See Condo List Page

080

081

024

022

057064

063040 006

052

062

047048

085

026

056

084

055

031

015016

010

041040

036

028

051

023

022

027

026

036

034

033

032

031029

028

030041

040039

006007

008009

010

078

079

067

066

003

002

010

007008

016

053

052

044

043

042

049

047

048

050

022 055

023

045

061073

019

004

069002

036

046

049

122

027023 084028 006024

088085005

059 025060087

026 086061

011001038

062 001039

002063

037

007012003062 068

004

013 003042014

006043

044

009 045

046

017 064071063

035017 072

018034

081

018

033 050051

019 032 074

031 020020

021080 053

030030

021 054029

024

042 028024

027045

038046

037 025035

025

053

052

See Detail Pages for Air Pcls

026

NO

TES

This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.

MA

P LE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 9/4/2018

T20S R61E 34 S 2 NE 4 139-34-6

31

30

19

1

1314

121110987

6 5 4 3 2

3635343332

29 28 27 26

24

25

23222120

18 17 16 15

BO

OK

SEC

.

MA

P

2

3

4

5

6

7

8

1

2

3

4

51

8

7

5

6

4 8

203

PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

139

162 161

140138

163

124 123125

177 178176

Michele W. Shafe - Assessor

E5

E5

E5

E5

E5

022

50

50

18

11

140

SOUT

H

25

6 990

827:

495

130

22

8

16

14

140

25

OGDEN AVE

29

27

110

6

140

3

19

726

1

9

20

023

29

5

26

40

SUB

16

140.29

611

VAC 1249:120817732

23

130

1614

5

16028

VAC

2016

0419

:225

5

12

10

140

80

16

R=25

139.89

7

28

715

6

1

8

6

80

4

5

H

22

45

140

009

18

19

27

PB 1-13

5

3

19

12

140

035

32

140

2

082

15

50

80

PT

CLARKS L V TOWNSITE

11

8

16

4

135

50

613

25

PT 139-34-715-001

21

VAC

7

27

5R=10

25

VAC

9605

15:1

394

12

2

99.3

5

16

3102.72

70

8

25

22

32

32

24

13

6

11

140

25

R=10

11

24

14

31

25

5

17

29

2

4

21

601

NINT

H ST

1

30

8

6

11

130

12

10

21

2

036

NEONOPOLIS

9

140

10

240

1-15

6

012

25

130

68.91 SUBDIVISION

12

6

19

25

9

4

7

7

130

31

4

17

140

130

024

2

300

030

2928

50

PB 1-7

20

67.5

7

(PARKING GARAGE)

25

17

13

1

17

36

2

24

035

019

7

40

9

SUBD

25

VAC

2016

0419

:225

5

134.6

25

25

I

7

31

130

13

25

5

19

0261

135

50

HAWKINS

005

15

10

R=10

FREMONT ST

4

LEASE

D2

140

3

15

9

8

3750

PT 139-34-701-001

2

82.3

15

19

15

8

9

TOWER

29

80

12

1

4

30

13

11 1650

16

16

27

175

20

12

14

7512

23

SEVE

NTH

ST

140

22

7

50

14

140

601

10

2

601

PB 1-15

013

VAC

2004

1216

:485

5

129.59

VAC

2016

0419

:225

5

16

3

601

PB87-35

26

5

1350

PB

16

PB 1-13

30

11

R=10

150

30

2

15

61.2

3

400

140

35

7

7

20

5

4

20

130

140.14

PT 139-34-111-064

PB 1-7

23

2

TENT

H ST

3

3

020

12

25

1

70

140

WARDIE ADD

23VAC

8809

15:1

024

9

20

20

9

2

50

133.5

14

10

140

6

(RETAIL AIR SPACE 2.75AC)

13

339.

93

19

17

4

7

9

022

R=10

11

25

12

NINT

H ST

30

28

25

19

31

150

27

10

STREET

23

140

37

9

7

80

8

3

3

FOUR

TH S

T

130

CARMEL

9

25

25

17

32

13

31

1139

15

17

80

BUCKS SUB8

034

80

033

16

016

PB 1-40

PM 119-72

ELEV

ENTH

ST

7

50

240

6

11

25

(RETAIL AIR SPACE)45

25

032

19

13

20

140

37

4

8

2

BLA

S VE

GAS

BLV

D

PB 1-7

8

5

13

19

400

084

9

50

70

PIONEER

3

PB 1-7

7

140

7

23

12

034300

601

5

80

8

25

17

289.93

039

13

17

25

35

2012

1

140

"A"

12

PT 139-34

80

1

-064

20

R=10

PT

601

8

17

25 514

5

12

80

50

9

PT 139-34-

14

70

7

300

25

701 32

210

9

125.

13

140

25

126.2

31

PT 1

6

13

15

9

701

FREMONT ST

029

TENT

H ST

7

5

80

EXPERIENCE

31

9

6

"A"

GRANDVIEW ADD

6

2

C

11

4

1

9

80

10

1

FAIRVIEW

1

50

19

22

60

14

11

100

25

130

VAC

853:

6850

94

PB 1-13

PB 1-35

12

50

140

120

3

8

32

50

008

601

32

2812

4.97

017

75

140

PB 1-7

140

224.

83

18

18

085

3

(PARKING GARAGE)

9

25

5

4

73.46

HGTS

379.

98

5

22

PB 139-45

22

PB 1-2

014

143.3

106

50

80

I

32

18

8

50

49.9

9

3

14

CARSON AVE

80

30

R=10

10

PT 139-

11

70

29

4

140

-612-010

1

R=10

20

1

29

4

130

BRIDGER AVE

140

18

25

16

VAC

9806

10:0

1045

16

15

27

70

15LEASE

12

7

16

140

400

80

100

140

25

4

510

25

17

29

150

15

28

12

21

100

1

4

PT 139-34-512-027

175

7

3

15

PT 12

PB 1-15

15

5

15

10

015

25

6

2005

0802

:710

37

140

140.49

610006

140

195

50

4

062

140

R=10

PB 1-40

BUCKS

12

29

5

11

20

ADD

8

4

4

3

189.

75

1

3

20

6

4

10

18

20

50

1

4

414

140

140.14

25

601

10

3

187.71

20

4

018

1

3

12

25

22

10

28

26

25

24

10

PT 139-34-601-001

15

25

85

132.04

"A"

23

70

22

VAC *

25

023

13

80

22

027

2

13

2024

390

STEWART AVE

10

30

25

29

75

EIG

HTH

ST

13

5

601R=10

FREMONT

28 1

200

25

8

PT 12

025

20

6

16

63.86

30

25

PB 1-37

24

8

17

50

6018

280

50

R=10

CONDOMINIUM

18

004

30

130

80

I

16

7

TRACT

5

037

10

NEONOPOLIS

17

250

11

50

036

130

11

50

3

14

031

14

26

12

3

14

25

9

24

601

083

6

625

4

140

EIG

HTH

ST

VAC

19

99.9

6

20

7

10

21

20

50

23

2

140

101

PT 1

140

26

23

9

140

25

R=10

12

8

27

601

50

8

STREAMLINE

10

4

601-001

400

1414

25

18

10

10

THE BUNKHOUSE

18

VAC 048:038243

14

8

6

10

15

038

PB 1-40

9

3

11

13

25

8

26

2

8

SIXT

H ST

3

32

1-15

VAC

2016

0419

:225

5

501

17

8

HAWKINS ADD

612

13

VAC

2003

0602

:195

2

50

50

PB 1-15

200

99.9

6

11

18

80

15

200

27

7

400

VAC 1249:1208178

PB 87-35

13

140

380

LAS

VEG

AS B

LVD

4

140

50

260.02

2

7

12

29

17

11

6

1

155

1

11

22

139.

99

5

8

1

21

034

31

PB 1-35

6

20

125.72

24

34-111

130

80

49.9

9

127

R=106

70

295

17

11

FOUR

TH S

T

25

PB

21

3

140140

7

136

19

VAC

9806

10:0

1045

140

25

20

26

140

18

25

16

31

1

10

140

006

10

021

701140

1

VAC

2018

0814

:301

1

200

150

2

5

400

400 VA

C 20

1808

14:3

011

1

VAC 20160419:2255

200

003

001

007011

005

002

057

007

027

025

0110.8

0060.3

0061.42

0140.69

0220.15

0150.52

0140.23

0130.69

0121.75

0101.51

0090.64

0082.75

0071.29

0040.48

0050.32

See Condo List Page

See Condo List Page

080

081

024

022

057064

063040 006

052

062

047048

085

026

056

084

055

031

015016

010

041040

036

028

051

023

022

027

026

036

034

033

032

031029

028

030041

040039

006007

008009

010

078

079

067

066

003

002

010

007008

016

053

052

044

043

042

049

047

048

050

022 055

023

045

061073

019

004

069002

036

046

049

122

027023 084028 006024

088085005

059 025060087

026 086061

011001038

062 001039

002063

037

007012003062 068

004

013 003042014

006043

044

009 045

046

017 064071063

035017 072

018034

081

018

033 050051

019 032 074

031 020020

021080 053

030030

021 054029

024

042 028024

027045

038046

037 025035

025

053

052

See Detail Pages for Air Pcls

026

NO

TES

This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information.

MA

P LE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 9/4/2018

T20S R61E 34 S 2 NE 4 139-34-6

31

30

19

1

1314

121110987

6 5 4 3 2

3635343332

29 28 27 26

24

25

23222120

18 17 16 15

BO

OK

SEC

.

MA

P

2

3

4

5

6

7

8

1

2

3

4

51

8

7

5

6

4 8

203

PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

139

162 161

140138

163

124 123125

177 178176

Michele W. Shafe - Assessor


AERIAL MAP - FACING WEST

Las Vegas Academy of the Arts Performing Arts

Center

Federal Justice Tower

Federal Courthouse/U.S. Law Library

Regional Justice Center

Clark County Courthouse

Tesla Supercharger

Virtus Residential

Golden Nugget

U.S. Bankruptcy Court,District of Nevada

Park Avenue Apartments

Container Park

S. 6TH ST.

E. CAR

SON

AVE.

S. 8TH ST.


AERIAL MAP - FACING NORTHWEST

Downtown Las VegasEvents Center

U.S. Postal Service City Center MotelEl CortezThe Ogden

The Market (Grocery Store)

City Center Apartments

Container Park

Park Avenue Apartments

Southern Nevada Museum of Fine Art

Freemont Street Experience

Virtus Residential

E. CARSON AVE. Life is Beautiful SiteMusic & Arts Festival

S. 8TH ST.


AREA DEMOGRAPHICS (1 MILE RADIUS)Demographic and Income Profile200 S 8th St, Las Vegas, Nevada, 89101 Prepared by EsriRing: 1 mile radius Latitude: 36.16636

Longitude: -115.13814

Summary Census 2010 2018 2023Population 24,147 25,409 26,950Households 9,007 9,569 10,384Families 3,539 3,618 3,820Average Household Size 2.20 2.18 2.16Owner Occupied Housing Units 1,707 1,579 1,771Renter Occupied Housing Units 7,300 7,991 8,612Median Age 39.1 40.7 41.4

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.18% 1.59% 0.83%Households 1.65% 1.48% 0.79%Families 1.09% 1.44% 0.71%Owner HHs 2.32% 2.06% 1.16%Median Household Income 2.48% 2.45% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 3,199 33.4% 3,011 29.0%$15,000 - $24,999 1,823 19.1% 1,948 18.8%$25,000 - $34,999 1,332 13.9% 1,491 14.4%$35,000 - $49,999 1,114 11.6% 1,287 12.4%$50,000 - $74,999 1,039 10.9% 1,226 11.8%$75,000 - $99,999 468 4.9% 630 6.1%$100,000 - $149,999 357 3.7% 522 5.0%$150,000 - $199,999 121 1.3% 137 1.3%$200,000+ 119 1.2% 132 1.3%

Median Household Income $23,155 $26,176Average Household Income $37,097 $42,458Per Capita Income $15,830 $18,063

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,335 5.5% 1,253 4.9% 1,339 5.0%5 - 9 1,196 5.0% 1,121 4.4% 1,142 4.2%10 - 14 1,101 4.6% 1,063 4.2% 1,061 3.9%15 - 19 1,308 5.4% 1,310 5.2% 1,347 5.0%20 - 24 1,808 7.5% 1,921 7.6% 1,983 7.4%25 - 34 3,854 16.0% 3,991 15.7% 4,166 15.5%35 - 44 3,746 15.5% 3,582 14.1% 3,818 14.2%45 - 54 4,170 17.3% 3,953 15.6% 3,902 14.5%55 - 64 3,161 13.1% 3,827 15.1% 4,052 15.0%65 - 74 1,642 6.8% 2,339 9.2% 2,811 10.4%75 - 84 651 2.7% 832 3.3% 1,089 4.0%

85+ 174 0.7% 218 0.9% 240 0.9%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 12,739 52.8% 12,222 48.1% 12,162 45.1%Black Alone 3,910 16.2% 4,728 18.6% 5,291 19.6%American Indian Alone 329 1.4% 333 1.3% 340 1.3%Asian Alone 1,323 5.5% 1,513 6.0% 1,763 6.5%Pacific Islander Alone 144 0.6% 156 0.6% 169 0.6%Some Other Race Alone 4,699 19.5% 5,314 20.9% 5,957 22.1%Two or More Races 1,003 4.2% 1,144 4.5% 1,268 4.7%

Hispanic Origin (Any Race) 10,199 42.2% 11,354 44.7% 12,438 46.2%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

September 25, 2018

©2018 Esri Page 1 of 6

Demographic and Income Profile200 S 8th St, Las Vegas, Nevada, 89101 Prepared by EsriRing: 1 mile radius Latitude: 36.16636


AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K33.4%

$15K - $24K19.0%

$25K - $34K13.9%

$35K - $49K11.6%

$50K - $74K10.9%

$75K - $99K4.9%

$100K - $149K3.7%

$150K - $199K1.3%

$200K+1.2%

2018 Population by Race2018 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 44.7%


September 25, 2018








<$15,000 14,278 22.0% 12,728 18.6%$15,000 - $24,999 10,762 16.6% 10,429 15.2%$25,000 - $34,999 9,819 15.1% 10,056 14.7%$35,000 - $49,999 9,725 15.0% 10,278 15.0%$50,000 - $74,999 9,274 14.3% 10,445 15.2%$75,000 - $99,999 4,705 7.2% 6,082 8.9%$100,000 - $149,999 4,056 6.2% 5,766 8.4%$150,000 - $199,999 1,101 1.7% 1,274 1.9%$200,000+ 1,254 1.9% 1,502 2.2%



0 - 4 15,449 8.3% 15,033 7.7% 15,842 7.6%5 - 9 14,271 7.6% 13,946 7.1% 14,354 6.9%10 - 14 12,892 6.9% 12,969 6.6% 13,357 6.4%15 - 19 13,611 7.3% 12,916 6.6% 13,255 6.4%20 - 24 13,333 7.1% 14,680 7.5% 14,801 7.1%25 - 34 27,888 14.9% 29,927 15.2% 31,315 15.1%35 - 44 26,398 14.1% 25,332 12.9% 27,033 13.0%45 - 54 24,716 13.2% 24,245 12.3% 24,134 11.7%55 - 64 19,153 10.2% 22,151 11.3% 23,122 11.2%65 - 74 11,442 6.1% 15,755 8.0% 18,329 8.8%75 - 84 5,977 3.2% 7,150 3.6% 9,066 4.4%

85+ 1,729 0.9% 2,303 1.2% 2,545 1.2%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 86,153 46.1% 83,333 42.4% 82,457 39.8%Black Alone 29,789 15.9% 33,735 17.2% 36,629 17.7%American Indian Alone 1,775 0.9% 1,803 0.9% 1,832 0.9%Asian Alone 8,238 4.4% 9,228 4.7% 10,475 5.1%Pacific Islander Alone 920 0.5% 965 0.5% 1,027 0.5%Some Other Race Alone 51,703 27.7% 58,135 29.6% 64,724 31.2%Two or More Races 8,283 4.4% 9,210 4.7% 10,011 4.8%



September 25, 2018




AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2


20182023


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K22.0%

$15K - $24K16.6%

$25K - $34K15.1%

$35K - $49K15.0%

$50K - $74K14.3%

$75K - $99K7.2%

$100K - $149K6.2%

$150K - $199K1.7%

$200K+1.9%


Perc

ent

40

35

30

25

20

15

10

5




September 25, 2018








<$15,000 31,799 17.5% 27,842 14.5%$15,000 - $24,999 28,216 15.5% 26,783 13.9%$25,000 - $34,999 26,642 14.7% 26,916 14.0%$35,000 - $49,999 30,012 16.5% 31,096 16.2%$50,000 - $74,999 30,488 16.8% 33,774 17.6%$75,000 - $99,999 15,673 8.6% 20,141 10.5%$100,000 - $149,999 12,333 6.8% 17,683 9.2%$150,000 - $199,999 3,353 1.8% 4,031 2.1%$200,000+ 2,976 1.6% 3,764 2.0%



0 - 4 42,773 8.4% 42,233 7.8% 45,013 7.8%5 - 9 39,413 7.7% 39,544 7.3% 41,272 7.2%10 - 14 36,035 7.1% 36,781 6.8% 38,538 6.7%15 - 19 37,729 7.4% 36,446 6.7% 37,943 6.6%20 - 24 38,299 7.5% 41,453 7.7% 41,950 7.3%25 - 34 76,883 15.1% 84,031 15.5% 88,791 15.5%35 - 44 71,727 14.1% 69,429 12.8% 75,361 13.1%45 - 54 65,295 12.8% 64,563 11.9% 64,396 11.2%55 - 64 49,747 9.8% 58,233 10.8% 60,685 10.6%65 - 74 30,162 5.9% 42,014 7.8% 48,384 8.4%75 - 84 16,018 3.1% 19,606 3.6% 24,701 4.3%

85+ 5,073 1.0% 6,708 1.2% 7,437 1.3%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 242,565 47.6% 234,542 43.4% 231,763 40.3%Black Alone 71,055 14.0% 82,817 15.3% 91,328 15.9%American Indian Alone 4,532 0.9% 4,659 0.9% 4,760 0.8%Asian Alone 26,736 5.3% 30,278 5.6% 34,484 6.0%Pacific Islander Alone 3,030 0.6% 3,240 0.6% 3,493 0.6%Some Other Race Alone 136,563 26.8% 157,352 29.1% 177,651 30.9%Two or More Races 24,673 4.8% 28,152 5.2% 30,993 5.4%



September 25, 2018




AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2


20182023


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K17.5%

$15K - $24K15.5%

$25K - $34K14.7%

$35K - $49K16.5%

$50K - $74K16.8%

$75K - $99K8.6%

$100K - $149K6.8%

$150K - $199K1.8%

$200K+1.6%


Perc

ent

40

35

30

25

20

15

10

5




September 25, 2018


Date post:	24-Sep-2020
Category:	Documents
Upload:	others
View:	0 times
Download:	0 times

OFFERING MEMORANDUM 82 UNIT EXTENDED STAY...mile away from the U.S. 95, this project provides...

Documents