Spencer Airport Center 1863 East Helm Avenue

CBRE, Inc. is pleased to present an opportunity to acquire a single-tenant NNN investment located in the desirable Airport Industrial submarket of Las Vegas, one of the top performing submarkets in Las Vegas. The offering consists of a 100% leased 17,910 SF flex/industrial building leased to a subsidiary of Lamar Media Corp., who has been an occupant of the building since 1999. The space includes ±6,454 SF of office, (2) grade level doors, (1) dock high door, 24' clear height, and 800 amps, 120/208 volt, 4-wire, 3-phase power.

Financial Summary:

Purchase Price:             $3,950,000.00
Year 1 NOI (8/1/26-7/31/31):  $225,971.08
Year 1 Cap Rate:            5.72%
Lease Term:                5 Years (8/1/2026-7/31/2031)
Base Rent Escalations:        3% Annually