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BBB Sale And Leaseback On Jones Boulevard

6040 S JonesKevin M Buckley, Colleen McDonald and Julie Anderson of First Real Estate Companies represented the Better Business Bureau of Southern Nevada in the sale and leaseback of 6040 S Jones Blvd, Las Vegas, NV 89118, a 4,995 square feet office building on a 0.47 acre lot. The total transaction value of the sale and 84 month lease is $1,000,000.00. Gino Vincent from The Equity Group represented the buyer George 2004 Trust.

Montessori Method Finds A Home

720 Rancho Del NorteMatt Feustel and Jakke Farley of Virtus Commercial represented ZB & H Properties, LLC in the lease of 10,675 square feet of multi-use space for a Day Care Center at 720 Rancho del Norte, North Las Vegas, NV 89031. The Lessee, Montessori Method, will occupy the building for 66 Months for a consideration of $563,640.00.The approximate aggregate value of the sale is $0.80 per square foot.

National Spending On Construction Hits 6 Year High

AGC logo2Construction spending in May totaled $1.036 trillion at a seasonally adjusted annual rate, the highest rate since October 2008, the Census Bureau reported today. The level was up 0.8% from the rate in April (which was revised up by a steep 2% or $20 billion) and up 8.2% from May 2014. Private nonresidential spending increased 1.5% for the month and 13% year-over-year, private residential spending rose 0.3% and 7.8%, respectively, and public construction spending gained 0.7% and 2.8%. However, the residential total masks a 13% year-over-year rise in new construction (21% for multifamily and 11% for single-family) and a drop of 3.4% in improvements. A 70% increase in manufacturing construction (led by a doubling of spending for chemical plants and tripling for transportation equipment plants) made this the largest private nonresidential segment.

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Carey Industrial Gets New Specialist

2542 Abels Lane

The 36-month lease with BDG II, LLC & Dean V. Bordigiono Trust and Machining Specialist Inc. was completed on June 8th. The 8,870 square-foot industrial building is located at 2542 Abels Lane, Las Vegas, NV 89115. The total value of the transaction was $121,322.00. Michael Brazill of Sun Commercial Real Estate, Inc. represented the Tenant, Machining Specialist Inc. and Voit Commercial Real Estate Services represented the Landlord, BDG II, LLC & Dean V. Bordigiono Trust. The approximate aggregate value of the transaction is $0.38 per square foot.

Henry Crockett II Lands At Daimond Summit Plaza

2960 St. Rose Parkway

The 60-month lease with 2960 St. Rose Parkway LLC and Henry Crockett II was completed on June 29th. The 1,400 square-foot retail building is located at 2960 St. Rose Parkway, Suite 150 Henderson, NV 89052. The total value of the transaction was $130,060.00. Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz, and Riley Foley of Sun Commercial Real Estate, Inc. represented the Tenant, Henry Crockett II. Chris Richardson of The Equity Group represented the Landlord, 2960 St. Rose Parkway LLC. The approximate aggregate value of the transaction is $2.40 per square foot

Camino al Norte Gets New Performance

5135 Camino al NorteThe 42-month lease with KFRE Camino, LLC and Performance Cam, LLC was completed on May 8th. The 2,075 square-foot office building is located at 5135 Camino al Norte, Suite 210 Las Vegas, NV 89031. The total value of the transaction was $135,580.50. Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz, and Riley Foley of Sun Commercial Real Estate, Inc. represented the Landlord, KFRE Camino LLC and the Tenant was not represented. The approximate aggregate value of the transaction is $1.55 per square foot.

647 Cape Horn Does A Deal For The Environment

647 Cape Horn

The 36-month lease with JCRC LLC Cape Horn Series and Patriot Environmental Services was completed on May 13th. The 7,344 square-foot industrial building is located at 647 E. Cape Horn Dr. Henderson, NV 89011. The total value of the transaction was $203,575.68. Lisa Hauger and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Landlord, JCRC LLC Cape Horn Series and the Tenant was not represented. The approximate aggregate value of the transaction is $0.77 per square foot.

2000 Via Firenze Gets A New Tenant

2000 Via Firenze

The 60-month lease with Inspirada Builders, LLC and Alimama Limited was completed on May 14th. The 1,778 square-foot retail building is located at 2000 Via Firenze Henderson, NV 89044. The total value of the transaction was $245,193.66. Michael Brazill of Sun Commercial Real Estate, Inc. represented the Tenant, Alimama Limited and Paul Chaffee of NAI Vegas represented the Landlord, Inspirada Builders, LLC. The approximate aggregate value of the transaction is $2.30 per square foot.

 

1993 Whitney Mesa Drive Sells For $345K

1991 Whitney MesaThe sale of an industrial building to Giovanni Campagna closed on May 13th. The 4,477 square foot property is located at 1993 Whitney Mesa Drive Henderson, NV 89014. The total value of the transaction was $345,000.00. Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz, and Riley Foley of Sun Commercial Real Estate, Inc. represented the Seller, TCWM LLC and Joe Slyman of JMS Properties, Inc. represented the Buyer, Giovanni Campagna. The approximate aggregate value of this sales transaction is $77.58 per square foot.


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