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Vegas Area Office Property Fetches $570/sf

5/30/24

A 4.2k sf, single-story office building in Las Vegas traded hands in a recent $2.4 mil ($571/sf) transaction. The property’s existing floor plan provides exceptional efficiency and flexibility for a variety of uses.

The building is located at 10781 West Twain Ave. It sits within the master-planned community of Summerlin, just north of the South Town Center Drive and Clark County Route 215 intersection.

CBRE's Marc Magliarditi, Travis Landes and Michael K. Hsu represented the seller, M&R Office, in the deal.

According to CBRE Research, vacancy rates have remained relatively stable quarter over quarter and average asking rental rates saw growth in Q1 2024 across Las Vegas. This data suggests that while demand may have softened, the overall market is demonstrating resilience and stability.




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