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$6,750,000
Asking Price (Sale)
7.54%
Cap Rate
66,984 SF
Square Feet
69%
Occupancy
3.76/1,000 SF
Parking Ratio
No Data
Property Type
Description
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 701 Bridger (the “Property”), an eight-story, 66,984-square-foot office building in the heart of Downtown Las Vegas. Currently 69% leased, 701 Bridger offers investors durable but flexible in-place income with clear leasing upside while also providing immediate occupancy potential for an owner-user.
Anchored by a diverse mix of nonprofit, government, and private-sector tenants, including Nevada Legal Services, Teach for America, and the Chapter 13 Bankruptcy Trustee, the Property is aligned with the civic, professional, and cultural fabric that defines Downtown Las Vegas. This tenancy profile delivers stability, while the available space, efficient floor plates, and above-market parking ratio create flexibility for a wide range of future users.
The investment is further supported by a Downtown submarket that is experiencing clear momentum. Net absorption has been positive for three consecutive quarters, and transformative projects, such as more than $4 billion of completed and planned development at Symphony Park, are reshaping the urban core.
701 Bridger provides an attractive entry point into one of the nation’s fastest-growing markets, combining immediate leasing upside, owner/user headquarters potential, and powerful long-term demand drivers.
Anchored by a diverse mix of nonprofit, government, and private-sector tenants, including Nevada Legal Services, Teach for America, and the Chapter 13 Bankruptcy Trustee, the Property is aligned with the civic, professional, and cultural fabric that defines Downtown Las Vegas. This tenancy profile delivers stability, while the available space, efficient floor plates, and above-market parking ratio create flexibility for a wide range of future users.
The investment is further supported by a Downtown submarket that is experiencing clear momentum. Net absorption has been positive for three consecutive quarters, and transformative projects, such as more than $4 billion of completed and planned development at Symphony Park, are reshaping the urban core.
701 Bridger provides an attractive entry point into one of the nation’s fastest-growing markets, combining immediate leasing upside, owner/user headquarters potential, and powerful long-term demand drivers.
Offering Summary
Asking Price$6,750,000
Price PSF$101.00
Property TypeOffice
Size66,984 SF
Occupancy69%
Built1984
Parking3.76/1,000 SF
Sale Details
Cap Rate7.54%
Market Rents0
Documents
Property Address
Property Details
Property TypeOffice
Square Feet66,984 SF
Stories8
Year Built1984
Load Factor.00%
Year Renovated2004
Parking Ratio3.76/1,000 SF
APN139-34-710-059
