Description
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 701 Bridger (the “Property”), an eight-story, 66,984-square-foot office building in the heart of Downtown Las Vegas. Currently 69% leased, 701 Bridger offers investors durable but flexible in-place income with clear leasing upside while also providing immediate occupancy potential for an owner-user. Anchored by a diverse mix of nonprofit, government, and private-sector tenants, including Nevada Legal Services, Teach for America, and the Chapter 13 Bankruptcy Trustee, the Property is aligned with the civic, professional, and cultural fabric that defines Downtown Las Vegas. This tenancy profile delivers stability, while the available space, efficient floor plates, and above-market parking ratio create flexibility for a wide range of future users. The investment is further supported by a Downtown submarket that is experiencing clear momentum. Net absorption has been positive for three consecutive quarters totaling 73,711 square feet, vacancy stands at a healthy 9.3%, and average asking rents have grown 4.9% year-over-year. 701 Bridger is also positioned to benefit from transformative projects reshaping the urban core, including the $400 million UNLV Medical District and more than $4 billion of completed and planned development at Symphony Park. 701 Bridger provides an attractive entry point into one of the nation’s fastest-growing markets, combining immediate leasing upside, owner/user headquarters potential, and powerful long-term demand drivers.
