CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Shauna Bradley, Acting Director of Real Property Management |
Recommendation:
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Approve the purchase of 5755 East Charleston Boulevard, Las Vegas, NV located on APN#161-04-520-004 which consists of a ±17,121 square foot one-story retail building on a ±2.22 acre fully developed parcel; fund the purchase price of $3,500,000, and $10,000 for closing costs; ratify the appraisal dated September 28, 2023 by The DiFederico Group; and authorize the Director of Real Property Management or her designee to sign escrow documents and any other related documents to complete the transaction. (For possible action)
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FISCAL IMPACT:
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Fund #: |
5420.000 |
Fund Name: |
University Medical Center |
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Fund Center: |
3000999901 |
Funded PGM/Grant: |
N/A |
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Amount: |
$3,500,000 purchase price plus $10,000 closing costs |
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Description: |
UMC property acquisition |
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Additional Comments: |
N/A |
BACKGROUND:
On August 24, 2023, Clark County (County) submitted a second conditional offer to purchase 5755 East Charleston Boulevard, Las Vegas NV 89142, located on APN 161-04-520-004 which consists of a ±2.22 acre fully developed parcel with one (1) - one-story retail building containing a gross building square footage of 17,121 (Property).
The County's Real Property Management Department has completed due diligence inspections, appraisals and ALTA survey. County and seller shall each pay their normal closing costs at the time of escrow closing.
The acquisition is being made by the County on behalf of UMC for its use as a future site.
This item was presented to the County's Long Range Planning Committee December 26, 2023.