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Office/Residential - Downtown Mixed-Use
314 South Water Street, Henderson, Nevada 89015, United States
14,474
Square Feet
PROJECT SUMMARY
A premier mixed-use investment opportunity at 314 South Water Street in the heart of Henderson's revitalized Water Street District. The client needed to position a fully stabilized, turn-key commercial property in a competitive investment market while showcasing the strength of Henderson's growing economy and the property's strategic location advantages.
OPPORTUNITY
Built in 2016 by a top national architecture firm, the property benefits from its proximity to major civic and entertainment destinations including the American First Center, City Hall, Water Street Plaza, and thriving restaurant establishments. The location offers unparalleled connectivity with direct access to Lake Mead Parkway and close proximity to US 95 and the 215 Beltway, serving Henderson's affluent demographics with average household incomes exceeding $85,000.
RESULTS
- 14,474 SF multi-tenant commercial building with 100% occupancy
- 6% cap rate generating $348,443 annual NOI
- Strategic downtown Henderson location in revitalized Water Street
- Anchored by established credit tenants on long-term NNN leases
CONCLUSION
The property's location in the Water Street District positions investors to benefit from Henderson's continued growth, supported by major corporate investments including Google's $1.2 billion data center expansion and the Las Vegas Raiders headquarters. And prime downtown location steps from entertainment venues and luxury residential developments, 314 South Water Street represents a rare opportunity to acquire a turn-key investment asset in one of Nevada's most charismatic commercial markets.
