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HOUSE_OVERSIGHT_018759.jpg

2.33 MB

Extraction Summary

0
People
12
Organizations
9
Locations
1
Events
4
Relationships
2
Quotes

Document Information

Type: Real estate property analysis / investment prospectus
File Size: 2.33 MB
Summary

This document is a real estate analysis of a 38.475-acre property on the Las Vegas Strip, identified by the footer 'HOUSE_OVERSIGHT_018759'. It details the site's location, current tenants providing ~$500,000 in income, and a previously halted 'Skyvue' ferris wheel project from August 2012. The document highlights the property's strategic location adjacent to major resorts and, notably, private and high-roller jet terminals for McCarran Airport and the Las Vegas Sands Corp.

Organizations (12)

Name Type Context
FAA (Federal Aviation Administration)
Mentioned as having provided height approvals for the former Skyvue development.
Las Vegas Sands Corp
Operates a private jet terminal to the east of the site, fronting Haven Street.
MGM
Owns the music festival property "The Lot" to the north of the site.
Triple 5 Group
A multinational conglomerate that owns the undeveloped land to the south of the site.
MGM Grand
Listed as one of the largest resorts in North America, adjacent to the site's south Strip location.
Mandalay Bay
Listed as one of the largest resorts in North America. The Mandalay Bay Resort Casino and Convention Center is locate...
Excalibur
Listed as one of the largest resorts in North America, adjacent to the site's south Strip location.
Luxor
Listed as one of the largest resorts in North America. The Luxor Resort Casino is located to the west of the site.
Four Seasons Resort
Located to the west of the site.
Tropicana Resort Casino
Located to the north of the site.
Desert Oasis Motel
An existing improvement currently on the site.
The Oasis Apartments
An existing improvement currently on the site.

Timeline (1 events)

August 2012
Construction on the 'Skyvue development', a planned ferris wheel and retail/convention complex, was halted. Two concrete support columns and four foundations had already been built.
Northwest portion of the Property

Locations (9)

Location Context
A 38.475-acre property comprised of 12 parcels at the southeast corner of Las Vegas Boulevard South and East Mandalay...
The world-famous location of the property.
Address of an existing two-story office building on the site.
Address of an existing one-story commercial building on the site.
Its signature private jet terminals are located to the east of the site.
Street to the east of the site where private jet terminals are located.
MGM's music festival property located to the north of the site.
The site is in proximity to this freeway.
The site is in proximity to this freeway.

Relationships (4)

The Site Property Adjacency Las Vegas Sands Corp
The private jet terminal of the Las Vegas Sands Corp is located to the east of the Site.
The Site Property Adjacency MGM
MGM's music festival property 'The Lot' is located to the north of the Site.
The Site Property Adjacency / Ownership Triple 5 Group
Undeveloped land to the south of the Site is primarily owned by the Triple 5 Group.
The Site Property Adjacency Mandalay Bay, Four Seasons Resort, Luxor Resort Casino
These properties are located to the west of the Site.

Key Quotes (2)

"Income in-place of approximately $500,000 from existing tenants provides revenue while planning concept and designs are approved"
Source
HOUSE_OVERSIGHT_018759.jpg
Quote #1
"Unique opportunity to create branding synergies with private ingress/egress points to the adjacent high roller jet terminals"
Source
HOUSE_OVERSIGHT_018759.jpg
Quote #2

Full Extracted Text

Complete text extracted from the document (2,190 characters)

The Site
The Site is comprised of 12 parcels totaling approximately 38.475 net acres located at the southeast corner of Las Vegas Boulevard South and East Mandalay Bay Road on the world famous Las Vegas Strip.
Current improvements on the Site include the Desert Oasis Motel, The Oasis Apartments, a two-story office building at 3951 Las Vegas Boulevard South and a one-story commercial building at 3953 Las Vegas Boulevard South. The former Skyvue development planned for the northwest portion of the Property received FAA height approvals and was planned for the world's tallest ferris wheel approximately 467-feet tall and a two-story retail / convention complex. Two concrete support columns for the wheel, approximately 240-feet tall, and four concrete foundations were built before construction was halted in August 2012.
The adjacent properties to the east fronting Haven Street are the signature private jet terminals of McCarran International Airport and the private jet terminal of the Las Vegas Sands Corp; to the west of the Site are Mandalay Bay Resort Casino and Convention Center, the Four Seasons Resort and Luxor Resort Casino; to the north of the Site are MGM's music festival property "The Lot" and the Tropicana Resort Casino; and to the south is undeveloped land primarily owned by the multinational conglomerate Triple 5 Group that is restricted by lower height limitations of approximately 284 feet.
LAS VEGAS
NEVADA
Site highlights include:
■ Income in-place of approximately $500,000 from existing tenants provides revenue while planning concept and designs are approved
■ Unique opportunity to create branding synergies with private ingress/egress points to the adjacent high roller jet terminals
■ Preferred south Strip location adjacent to four of the largest resorts in North America (MGM Grand, Mandalay Bay, Excalibur and Luxor).
■ Established and high traffic location on the Las Vegas Strip
■ Numerous world-class resorts, convention centers, luxury shopping, dining and entertainment attractions within walking distance.
■ Proximate to the I-15 and I-215 Freeways
Parcels, Land Area and Existing Improvements
17
MANDALAY BAY
HOUSE_OVERSIGHT_018759

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