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John Vanhara Our sister company EastBiz.com is looking to purchase office building with the purpose to lease them as Executive Suites. Eastbiz is in the incorporation business helping people to set up corporations and LLCs in Nevada and all other U.S. states. Many business owners prefer to start in a nice small office with full service, including internet connection, phone system, receptionist, etc. So that’s the reason why we are looking to purchase 7,000 – 15,000 sq. feet office building.
When purchasing new office building in Las Vegas you have to expect price of about $200-$240 for gray shell. Finished space is running about $300 per sq. foot. I came across incredible deal yesterday. It is very nice office building, in very high end location, with minimum competition around. The price is only $210 per sq. foot. That’s basically below replacement cost. We would jump on this deal, but it is too big for us alone. The size of the building is 26,600 sq. feet. The purchase price $5,790,000. There is a $2,800,000 loan in place with 6.75% interest, which must be assumed (huge pre-payment penalty if paid off before 2012).
Email me if interested in good deal in Las Vegas. info@eastbiz.com