Sunday, September 21, 2014

David Howes Sells NW Las Vegas Office Building!

That's right! I closed escrow on a small +/-3,300 SF office building with a non-denominational Christian church as the tenant.

Many potential buyer/clients had asked me to find them a steal, yet only one buyer actually took the plunge and made an offer which was countered and we were in escrow for roughly 30 days.

We closed escrow or on the sale this past week and the Buyer is now the proud owner of a building that will garner enormous equity in the next two to three years. That's my prediction!  He will double his investment by the time the church lease has expired.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Tuesday, September 2, 2014

Las Vegas Adult/Topless Club Available For Sale!

The Owner of a well located Adult Cabaret Licensed property in Las Vegas has asked me to find a Buyer for his Club.

The Real Estate and Business is available for the Reduced Price of $10 Million. And, this price is the Sales Price. It is Not Negotiable! No financials will be available to any Buyer who wants to verify the business cash flow; and/or argue that the property is worth less than the asking price. NOR, will the price be adjusted because as a buyer you want an appraisal that MAY or MAY NOT justify the Selling Price. If you want a Fully Licensed  "Adult Cabaret" Club with "Full Alcohol" AND "Restricted Gaming," this is the location regardless of the Selling Price.  The local authorities are NOT giving out any more combination licenses.

The purchase price includes: the +/-2.04 acres surrounding the +/-17,000 SF Free Standing building, a double sided billboard sign, and a small .6 acre+/- leaseable car sales lot (which this small +/-3,200 SF building could be demolished to create additional parking for the club!)

The Topless Club was remodeled a few years ago and has been well maintained. Per code, the Owner updated the club with fire sprinklers, a new sound system and Slot Gaming!

So, as you all know, this is NOT for everyone.

As a specialty use in the Commercial Real Estate (CRE) world, only a few will be able to own and operate a club where women dance in scantily outfits (G-String bottoms only) and men can drink and gamble. Oh! And you can smoke cigars while the Ladies entertain you!

This is the perfect setting for a young man visiting Sin City!

This Adult Topless Club is located in the right location, near the major Resort Hotel Casino Cooridor. It is the very best located Adult Club in Las Vegas and one of the best for Topless Adult Entertainment.

IF Interested but the Real Estate Acquisition Price is a little high for your budget, the Owner would sell the  Business at $1.5 Million and Lease the Real Estate at $25,000 per month on a Five Year Lease.

For more information, Email me your contact information, your financial capability for full disclosure of the property.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

Sunday, August 24, 2014

Downtown Las Vegas needs more Developers!

What I don't understand is why commercial and residential developers are avoiding Downtown Las Vegas like it is a plague. There are only flippers coming to my listings and telling me how overpriced they are. Then, I find out that these very same "investors" are flipping other under paid for properties to Tony's Downtown Redevelopment Project. It's as if they are stealing the owner's equity right from under their noses.

So, my question is: Why haven't developers been searching for properties in Downtown?

Tony has bought quite a few. And, I have Sold four Downtown properties to Tony. And, I have several more available For Sale but for some reason, Tony has slowed down his buying spree. And since he has slowed down, now is the opportunity for Developers to move in.

And, Yes! Properties will cost slightly more than the Developer would usually pay. BUT, without competition, Tony's (unpublished) plan will fail.

What is needed is: more residential, more restaurants and retail, and store front office.

I have property in all categories. Industrial is NOT zoned for this area.

What is NOT needed is more festivals. There are already enough being held in this area.

So, Developers! Let's get together and figure out what is best to do for ALL concerned. Let's get some major development going and then we can all make money.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes