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Published on: Thursday, January 29, 2026

Updated on: Wednesday, February 18, 2026

About the Lister

Name: Maria Herman

Company: NAI Excel - Las Vegas

Office Phone:

Cell Phone: (702) 334-7280

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Office For Sale

2948 E Russell Rd Las Vegas Nevada , 89120

NAI Excel - Las Vegas
Listing ID: CL-Nevada-13602 Office Condo/Office

Purchase Option

Asking Price: $16,000,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 4.91

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Nevada-13602

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 1973

Building Size: 4,580.00 SqFt

Lot Size: N/A

No of Stories: 1

No of Parking: 20

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Lee & Associates is pleased to present a rare opportunity to acquire a fully leased, Class A multi-tenant retail center located at 4000 Red Road in the highly sought-after Coral Gables submarket of Miami, Florida.

Complete Details

Year Build: 1973

Building Size: 4,580 SqFt.

No of Stories: 1

Total Lot Area: N/A Acre

No of Parking: 20

No of Total Units: N/A

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

Lee & Associates is proud to offer a premier investment opportunity at 4000 Red Road, a 100% leased Class A retail center in the heart of Coral Gables. This asset features a diverse roster of seven NNN tenants, including Cala-Millor and SoFlo Dental, ensuring a secure and growing income stream via staggered expirations and annual rent escalations.

Located at the high-traffic signalized corner of Bird Road and Red Road, the property commands visibility from 70,000+ daily vehicles. Situated just one mile from the University of Miami, the center serves an affluent demographic with an average household income of $221,000. Given the strict zoning and high barriers to entry in Coral Gables, this asset represents a resilient, supply-constrained investment in one of Miami’s most prestigious corridors.

Additional Properties

Property Highlights

2948 E Russell Rd Las Vegas, NV 89120
Subject property is close to the 215 and Harry Reid Airport.
New 36 month Daycare lease one month-to-month office lease in place that can be terminated with 30 day’s notice.
Surrounded by high density residential

Additional Links

Other: https://video.helloarti.com/video/69047.mp4
Other: https://helloarti.com/view/69047
Other: https://helloarti.com/scratch/public/herman.html
Other: https://www.linkedin.com/company/nai-vegas/
Other: https://www.facebook.com/naimariaherman/?_rdc=1&_rdr
Other: https://www.instagram.com/mariaherman12/

Contacts

No Additional Contacts.

Actual - Cash Flow

Listing Location

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	Title	Contact Name	Phone No.
	Principal-Lic:01323949 (CA),B.1001723.INDV(NV)	Jonathan Selznick - jselznick@lee-assoc.com	(714) 307-2930
Listing Contacts