Corporate Center III (“CC III”) is a beautifully designed, Class A steel frame office building totaling 66,932 square feet. Completed in 2001 on a 4.40-acre site, the Property has a strong presence within the corporate center, standing three stories tall and clad in a dynamic mix of masonry, granite and reflective glass. Institutional-quality standards are further augmented with impressive common area finishes and tenant improvements, large floor designs allowing multiple configurations, prominent signage and tenant balconies. CC III also offers a vast surface parking field with 266 parking spaces including covered stalls and 3 fully-enclosed garage spaces for a total parking ratio of 4.0 per 1,000 square feet. Additionally, the building’s designs are accented with brilliant palm trees and a lavishly-landscaped plaza shared with the neighboring Corporate Center IV.
With new lease executions commencing first quarter 2016, the CC III is 97.7% leased to a diverse tenant mix led by Greenspun Media Group, HCA and its Far West Group subsidiary, and the Las Vegas Sun which displays prominent signage at the building’s entry. Combined, the tenant roster provides excellent stability over the next four years as more than 71% of leases expire 2020 and beyond. This strong and consistent in-place income is supplemented with annual rate increases, allowing an investor to realize increased value on an annual basis amid remarkable security.