3.11 Acres of Land SITE - 3965 South Las Vegas Boulevard Las Vegas, NV 89119 - Offering Memorandum
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±3.11 Acres of Land
3965 South Las Vegas Boulevard
Las Vegas, NV 89119
IP
S STR
VEGA
LAS
THE
SITE
Offering Memorandum
Development Opportunity Located on The Las Vegas Strip
Within 1/2 Mile of the Las Vegas Raiders Stadium
Land for Sale
3965 South Las Vegas Boulevard
Property Information Las Vegas, NV 89119
SITE
RENDERING
Offering Summary Property Overview
Sale Price: Market Avison Young is please to present the opportunity to purchase ±3.11 acres on the
Las Vegas Strip, directly across from the Mandalay Bay Resort and Casino and next
Acres ±3.11 Acres
door to McCarran International Airport. The property is a 1/2 mile to the Allegiant
Zoning Hard Zoned H-1 Limited Resort and Stadium, host to the Las Vegas Raiders NFL team. This new stadium will also host
Apartment District world-class events including college football games, big name concerts, major UFC
Planned Landuse CT Commercial Tourist fights, soccer matches and political events
Height Allowance
±505’ fronting Las Vegas Boulevard, The property is a prime location for luxury high-rise condominiums with the
decreasing to ±354’ on the eastern side greatest of strip views. Great Las Vegas Boulevard address and it is located in a
qualified Opportunity Zone.
Avison Young | Offering Memorandum 2
Land for Sale
3965 South Las Vegas Boulevard
Neighbor to the Allegiant Stadium Las Vegas, NV 89119
The Las Vegas Raiders
The Oakland Raiders moved to Las Vegas for the 2020
SUBJECT NFL season. The groundbreaking ceremony for the new
$1.9 billion stadium took place in November 2017.
The venue’s horse-shoe shape will accommodate ±65,000
spectators, ±8,000 cars, tailgating amenities and will be
a mixed-use facility. The facility features a retractable
natural turf field for the NFL, an artificial turf playing
surface for UNLV, a translucent roof, large operable walls
that open to spectacular views of the Las Vegas Strip and
1/2 MILE TO ALLEGIANT STADIUM a variety of premium spaces throughout all levels.
BEST
65,000 VENUE HOST
SEATS 2022 PRO BOWL
2020 WINNER
Avison Young | Offering Memorandum 3
Land for Sale
3965 South Las Vegas Boulevard
Location Information Las Vegas, NV 89119
SITE
Avison Young | Offering Memorandum 4
Land for Sale
3965 South Las Vegas Boulevard
Location Overview Las Vegas, NV 89119
LAS VEGAS BLVD.
TRO
PICA
NA
AVE
Avison Young | Offering Memorandum 5
Land for Sale
3965 South Las Vegas Boulevard
McCarran International Airport Las Vegas, NV 89119
2 4 51.5M 27th
Passenger Terminals Runways Passengers Busiest Airport in the
(Terminal 1 and 3) in 2019 World by Passenger Traffic
The airport was built in 1942 and opened to airline flights in 1948. It has expanded since then and has employed various innovative technologies, such as common-
use facilities. The airport has four runways and two passenger terminals. East of the passenger terminals is the Marnell Air Cargo Center, and on the west side of the
airport are fixed-base operators and helicopter companies.
The airport has nonstop air service to North America, Asia and Europe. It is the operating hub for Allegiant Airlines and crew and maintenance base for Southwest
Airlines and Spirit Airlines.
The 8th Busiest Airport in the United States
Avison Young | Offering Memorandum 6
Land for Sale
3965 South Las Vegas Boulevard
Las Vegas Development Las Vegas, NV 89119
NHL Team
LVCC Expansion The Vegas Golden Knights opened their
inaugural season on October 10, 2017 at the
Las Vegas Convention Center is currently undergoing T-Mobile Arena and the entire city has been
a $2.5 billion, 600,000 square foot expansion to absorb rallying behind these golden boys ever since.
excess demand.
Mandalay Bay
Convention Center
$1 Billion Public Works Project Recently underwent a 350,000 square
foot expansion and is now the 5th largest
Project Neon is the largest and most expensive public works convention center in North America.
project ever in the state of Nevada. The project widens
Interstate 15 from the U.S. 95 interchange to Sahara Avenue.
The improvements to the busiest stretch of road in Nevada
were completed the summer of 2019
20,000 Seats
The T-Mobile Arena opened April 6, 2016 and
seats 20,000 for sporting events, concerts
and award shows. The Park, which is just
The Las Vegas Raiders adjacent to the T-Mobile is Las Vegas' newest
entertainment spot.
Ground was broken on November 14, 2017 for the 1.9
billion 65,000 seat, domed stadium that is the new
home of the Las Vegas Raiders in 2020 and the UNLV
football team. The Raiders are scheduled to begin Brightline West
playing its home games at the Las Vegas Stadium as
the Las Vegas Raiders for the 2020 National Football Brightline West is a high-speed rail line
League (NFL) season. A practice facility was built for to shuttle tourists and conventioneers
the team in Henderson. between southern California and the hotels
and casinos of Las Vegas. Groundbreaking
expected to occur as early as Spring 2021.
Avison Young | Offering Memorandum 7
Land for Sale
3965 South Las Vegas Boulevard
Las Vegas Development Las Vegas, NV 89119
The Boring Company
Dream Las Vegas
Elon Musk’s Boring Company is creating tunnels
underneath the Las Vegas Convention Center, at a cost The 21-story Dream Las Vegas will have
of $52.5 million, to build a “people-mover” system to more than 400 chic & stylish rooms, a
shuttle visitors from one side of the venue to the other. casino, dining, nightlife, meeting space and
a rooftop pool. The resort is set to open in
The people-mover, which is being formally called the 2023.
Convention Center Loop, is scheduled to open in
February 2021.
Resorts World Las Vegas
MSG SPHERE
Genting Group's new project, otherwise known as
Madison Square Garden’s MSG Sphere, currently under Resorts World Las Vegas, is located on 87 acres of the
construction, will be a 360-feet-tall and 500-feet-wide former Echelon site. The Asian-themed resort will cost
concert venue slated to be built by 2023 on land east of approximately $4 billion to construct, and consist
the Sands Expo Center. The venue’s exterior will be fully of 3,500 guest rooms, convention space, retail and
programmable, housing a 170,000-square-foot spherica restaurants. Opening is estimated to be in summer of
digital indoor display plane. 2021.
Union Village
Google Data Center Union Village, in Henderson, has been dubbed the
Henderson is slated to be home to a new Google data first integrated healthcare village in the world at $1.2
center in December 2020. The company is building billion. It is a 130 acre village that includes Henderson
the center on 64 acres and is projected to bring in Hospital, multi-family and generational housing,
more than $94.3 million in tax revenue to Nevada. medical office, gym, restaurants and retail.
Avison Young | Offering Memorandum 8
Land for Sale
3965 South Las Vegas Boulevard
Who’s Moving to Nevada Las Vegas, NV 89119
HAAS AUTOMATION SWITCH APPLE AMAZON TESLA
Haas Automation As one of Switch Founded in 2000 and Apple As part of the company’s Amazon With significant and Tesla broke ground on the Gi-
the largest machine tool build- headquartered in Las Vegas, $350 billion commitment to sup- growing presence in both Reno gafactory in June 2014 outside
ers in the world, the innova- Nevada, Switch is built on the port the U.S. economy and its and North Las Vegas, (the latest Sparks, Nevada. The Gigafac-
tive manufacturing company intelligent and sustainable workforce, Apple recently com- addition is an 850,000 sf fulfill- tory is being built in phases so
is expanding it’s operations to growth of the Internet. Its pleted construction on the com- ment center).Amazon employs that Tesla can begin manufac-
Southern Nevada. Haas auto- Founder and CEO, Rob Roy, de- pany’s downtown warehouse, in more than 3,000 employees turing immediately and contin-
mation plans to bring a multi- veloped more than 500 issued addition to completing the east at their Silver State facilities. ue to expand. Already, the cur-
phase development to west and pending patent claims cov- campus at its Northern Neva- Amazon has invested millions rent structure has a footprint of
Henderson. The new facility ering data center designs that da Data Center in Sparks. The of dollars into its local fulfill- more than 1.9 million square
will include more than 2.3 mil- manifested into their world-re- company also announced plans ment center infrastructure feet. Once complete, Tesla ex-
lion square feet of warehouse nowned data centers and their for new construction for a west and through compensation to pects the Gigafactory to be the
and manufacturing space, of- technology solution ecosys- campus at the data center, as thousands of employees in the biggest building in the world
fices, and showroom space tems. Switch is the recognized well as partnering on expanding state. Amazon’s investments in – and entirely powered by re-
for the company. It is estimat- world leader in data center a solar power project for the re- Nevada contributed an addi- newable energy sources.
ed that this development will design, development and mis- gion. These expansions, accord- tional $50 million into Nevada’s
bring more than 4,000 jobs to sion-critical operations. ing to a statement provided to economy from 2011 through
Southern Nevada. the NNBV, will increase the data 2016, and it estimates its in-
center’s footprint to 1.2 million vestments in the state have
square feet. created an additional 1,300 in-
direct jobs on top of the com-
pany’s direct hires.
Avison Young | Offering Memorandum 9
MICHAEL LONGI, CCIM
Principal - Investments
o: 702 637 7292 c: 702 340 7184
michael.longi@avisonyoung.com
NV #BS.0045463
ART CARLL-TANGORA
Principal - Multi Family
o: 702 780 6765 c: 702 468 3490
3.11 Acres
art.carll@avisonyoung.com
NV #S.0167677
3965 SOUTH LAS VEGAS BLVD
LAS VEGAS, NV 89123.
avisonyoung.com
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