LAS VEGAS’S HOLSUM LOFTS, DOWNTOWN’S FIRST ADAPTIVE RE-USE PROJECT, IS ON THE MARKET FOR THE FIRST TIME SINCE 2003
(November 29, 2021)
LAS VEGAS – Brokerage group CNR Retail at Colliers Las Vegas is exclusively representing the owners in the sale of Holsum Lofts, a desirable Downtown Las Vegas property, on the southeast corner of Charleston Blvd and the I-15 highway.
Formerly a shuttered bread factory turned mixed-use creative office and retail project, CNR is listing Holsum Lofts for sale for the first time since 2003. Widely known among locals, Holsum Lofts is considered the first successful adaptive re-use project in Downtown Las Vegas.
The 46,831 square foot property is located on a 2.59-acre parcel at the main entrance to the DTLV Arts District and includes numerous commercial spaces occupying a wide array of office and retail users.
At only 67% occupied, the property’s listing presents an attractive acquisition opportunity to the commercial real estate market. As an investment, new ownership can lease the remaining vacancies to significantly increase the property’s net operating income.
The property’s primary vacancy, a 12,890 square foot space with an architecturally unique and striking roofline, offers entrepreneurs an opportunity – a chance to locate a company headquarters in Downtown Las Vegas while also earning additional income as a multi-tenant commercial property owner.
An eye-catching Holsum Lofts’ space, formerly occupied by a tech company, features a beautiful rounded-arch roof with modern interior finishes. While the space is already outfitted for another tech company, it could be easily converted to a unique mixed-use retail space or used as a special events venue.
“This listing presents an opportunity to own historic Downtown Las Vegas property with an unrivalled location that will only increase in value in the coming years. The secret’s out – DTLV is a special place, and people and businesses are realizing that it’s a great place to live, work and play.”
-Steve Neiger, CCIM, broker at Colliers Las Vegas and member of the CNR Retail team
The Colliers Las Vegas team is both honoured and excited to be selected by the owner to bring Holsum Lofts to the marketplace. CNR Retail considers it a privilege to find the next owner of this iconic property – one that will maintain the nostalgic feel of the famous Holsum Bread Factory and take the location to the next level as a key piece of the future of the Arts District and Downtown Las Vegas.
Colliers’s CNR retail team is comprised of Chris Clifford, Steve Neiger, CCIM and Brett Rather.
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Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
For further information please contact:
Stephanie Ceccarelli | MassMedia
702-433-4331 | Sceccarelli@massmediacc.com
