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Virtus Commercial Recent Transactions

1333-buffalo-1Purdue Marion & Associates has leased approximately 3,646 square feet of office space at Buffalo Professional, located at 1333 N. Buffalo Dr. Ste. 220 in Las Vegas.  Renae Russo with Colliers International represented the Lessee and Robert S. Hatrak II of Virtus Commercial represented the Lessor, Buffalo Professional Center.

 

 

 

 

6450lake-meadeChicago Cravings has leased approximately 1,800 square feet of retail space at Lake Mead Promenade, located at 6450 W. Lake Mead Blvd. Unit 110, in Las Vegas.  Amy Nguyen of Virtus Commercial represented the Lessee.

 

 

 

 

9345cimmaronCyclepath LLC has leased approximately 3,012 square feet of retail space at Cimarron Square, located at 9345 S. Cimarron Rd. Unit 100, in Las Vegas.  David Stubbs of Berkshire Hathaway Home Services Commercial Division represented the Lessee and Brett S. Beck and Jackie Zlatanovski of Virtus Commercial represented the Lessor, Riviera Shopping Center LTD.

 

 

 

 

2575montesurriCenterra Group LLC has leased approximately 4,367 square feet of office space at Montessouri Office Park, located at 2575 Montessouri St. Unit 200, in Las Vegas.  Jackie Zlatanovski of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Sookwe Shin.

 

 

 

 

3242desertinnJerome Allison has leased approximately 800 square feet of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 18, in Las Vegas.  Jackie Zlatanovski of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Desert Inn Square, LLC.

Fatburger Restaurant on North Rancho Drive Sells For $1,135,000

fatburgerMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Fatburger, a 1,760-square foot net-leased property located at 4525 North Rancho Drive in Las Vegas, NV. The asset sold for $1,135,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Chris Cunning, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, LW3 NV Holdings A LLC, a limited liability company.  The buyer, Edward 26 Florence LLC, a limited liability company, was secured and represented by Dustin R. Alvino, a Senior Associate also in Marcus & Millichap’s Las Vegas office.

CommCap Advisors Secures Financing for Fort Apache Desert Inn Self Storage

fort-apacheFort Apache is a two story self-storage facility built in 2005 consisting of 565 units. The building is well kept and maintained with an attractive leasing office and security system including cameras throughout the site. The $5,150,000 loan was used to refinance the property for 10 years. The loan is non-recourse with flexible prepayment included.

Type of transaction: Loan
Address: 3375 S Fort Apache Road, Las Vegas NV 89117
Borrower: Ft Apache Desert Inn, LLC
Mortgage Broker: Kyle Nagy of CommCap Advisors
Loan Amount: $5,150,000
Total square feet: 75,591 sf (565 units)
Details: The loan was structured with a 10 year term and 25 year amortization.  Non-recourse with flexible prepayment included.

GLVAR to Break Ground on New Headquarters Building in Southwest Las Vegas

glvarWho:       The Greater Las Vegas Association of REALTORS® (GLVAR) is hosting a Dec. 14 groundbreaking event for its new headquarters building near Rainbow Boulevard and the 215 Beltway in the southwest part of Las Vegas. Following brief remarks by Clark County Commission Chairman Steve Sisolak, 2016 GLVAR President Scott Beaudry, 2016 President-elect David J. Tina and project manager Mike Shohet, of Jones Lang LaSalle, will address a crowd of local dignitaries, REALTORS® and staff members.

What:     GLVAR is breaking ground on a state-of-the-art new headquarters building to better serve its nearly 13,000 members. By late 2017, GLVAR plans to move into the new building with nearly 40,000 square feet of space from its current 27,000-square-foot building at 1750 E. Sahara Avenue – which is now listed for sale at $3.8 million.

When:             Wednesday, Dec. 14, starting at 10 a.m., with the event slated to end by 10:30 a.m.

Where:   The event will be held at the site of GLVAR’s new building on South Rainbow Boulevard, just south of Post Road and north of Sunset Road. Guests are encouraged to look for the GLVAR signs. Parking is available on Post Road and in the Rainbow Corporate Center South parking lot on the north side of the property.

More:     GLVAR’s new headquarters will feature classrooms large enough to seat 300 members. The two-story facility on 4.25 acres will be an energy-efficient, concrete tilt-up building with about 380 parking spaces. GLVAR will offer space in the building to other organizations to use for meetings, classes and events, potentially generating additional revenue for the association. For construction updates and more information, visit www.lasvegasrealtor.com/future-home-of-glvar/

Colliers Las Vegas: Bringing Investors, Landlords and Tenants Together For The Holidays

3475-and-3535-west-post-roadA sale to Diamond Southwest Industrial Park LLC. The approximately 42,332 square foot industrial property is located in Diamond Southwest Industrial Center at 3475 and 3515 W. Post Rd. in Las Vegas. The transaction value was $6,300,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the seller, Diamond Post LLC.
 

 

rafael-riviera-way-and-lindell-roadA sale to Serdoz @ Rafael Rivera LLC. The approximately 2.5 acre vacant land parcel is located on the Northwest corner of Rafael Rivera Wy. and Lindell Rd. in Las Vegas. The transaction value was $1,900,000. Robert Torres and Scott Gragson of Colliers International represented the seller, Beltway 4.77 LLC.
 

 

5000-west-sahara-avenueA sale to Nevada Auto Real Estate Investments LLC. The approximately 0.86 acre retail land parcel is located at 5000 W. Sahara Ave. in Las Vegas. The transaction value was $1,850,000. Robert Torres and Scott Gragson of Colliers International represented the seller, JRJ Properties.
 

 

3111-south-maryland-parkwayA sale to Barbiere Family Limited Partnership. The approximately 6,012 square foot retail/medial office property is located at 3111 S. Maryland Pkwy. in Las Vegas. The transaction value was $800,000. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the seller, LVPS LLC.
 

 

2780-bledsoe-laneA sale to Tri State Steel. The approximately 7,500 square foot industrial property is located on 2780 Bledsoe Ln. in Las Vegas. The transaction value was $675,000. Chris Connell and Grant Traub of Colliers International represented the seller, 2780 Bledsoe LLC.
 

 

A sale to Trajan Holdings LLC. The approximately 2.5 acre land parcel is located near Rainbow Blvd. and Richmar Ave. (APN: 176-23-301-007) in Las Vegas. The transaction value was $625,000. Robert Torres and Scott Gragson of Colliers International represented the sellers, GKT Acquisitions and Alan J. Arnold Trust.
 

 

sobb-and-hinsonA sale to Mach 1 Industries Inc. The approximately 1.25 acre vacant land parcel is located on Sobb Ave. and Hinson St. in Las Vegas. The transaction value was $550,000. Dan Doherty, SIOR, Spencer Pinter, Chris Lane and Jerry Doty of Colliers International represented the seller, CW LV Real Estate LLC.
 

 

 

6265-s-valley-view-boulevardA lease to Bron Tapes of Nevada Inc. The approximately 13,662 square foot industrial property is located in Valley View Corporate Center (Phase II) at 6265 S. Valley View Blvd., Suite L&M in Las Vegas. Spencer Pinter of Colliers International represented the lessor, Valley View I, II & III LLC. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessee.
 

 

3862-civic-center-driveA lease renewal to Palladino LLC. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3862 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
 

 

6285-valley-viewA lease to Greenline West LLC. The approximately 3,812 square foot industrial property is located in Valley View Corporate Center (Phase I) at 6285 S. Valley View Blvd., Suite E in Las Vegas. Spencer Pinter of Colliers International represented the lessor, Valley View I, II & III LLC.
 

 

6280-pecos-bldg-1A lease to Administrative Headquarters Inc. The approximately 3,160 square foot industrial property is located in Arrowhead Commerce Center, Building 1 at 6280 S. Pecos Rd., Suite 500 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
 

 

4975-south-fort-apacheA lease to Pop Drinks LLC. The approximately 1,400 square foot retail property is located in Crossroads Plaza at 4975 S. Fort Apache Rd., Suite 109 in Las Vegas. Al Twainy, CCIM and Amelia Hyden of Colliers International represented the lessor, Crossroads Plaza LV LLC.

Virtus Commercial’s Recent Deal Round Up

sea-breeze-villageEAG Wireless LLC (Metro PCS) has leased approximately 1,300 square feet of retail space at Sea Breeze Village, located at 1750 N Buffalo Dr. Ste. 110 in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, New Deal-Seabreeze, LLC and the Lessee.

 

 

 

3689-w-quailRishawn Newman has leased approximately 3,290 square feet of industrial space at 3680 W. Quail Ave. Unit 1, in Las Vegas.  Pelagia Dimopoulos of Fortis Commercial Advisors represented the Lessee and Matthew Feustel of Virtus Commercial represented the Lessor, VRES, LLC.

 

 

 

3242-e-desertRelease LLC has leased approximately 800 square feet of office space at 3242 E. Desert Inn Rd. Ste. 10, in Las Vegas.  Brett Beck & Jackie Zlatanovski of Virtus Commercial represented both the Lessee and the Lessor, Desert Inn Square.

 

 

 

5300-w-saharaDreambody Wraps and Laser has leased approximately 1,258 square feet of office space at 5300 W. Sahara Ave. Ste. 204, in Las Vegas.  Brett Beck of Virtus Commercial represented both the Lessee and the Lessor, Sahara Edmond Plaza LLC.

 

 

 

340-boulder-highwayBurger Shoppe has leased approximately 2,000 square feet of retail space at 340 Boulder Highway, in Henderson.  Jakke Farley of Virtus Commercial represented the Lessor, Brian Atkinson.

 

 

 

9310-s-easternPoke Poku has leased approximately 1,625 square feet of retail space at Beltway Plaza Shopping Center, located at 9310 S. Eastern Ave. Ste. 108, in Henderson.  Mubashir Mushtaq of Active Commercial represented the Lessee and Preston Abell and Jeff Mitchell of Virtus Commercial represented the Lessor, Beltway Plaza III.

 

 

 

4165-s-grand-canyonLas Vegas Coffee Investors, LLC leased approximately 1,885 square feet of retail space at 4165 S. Grand Canyon Dr. #106, in Las Vegas.  Mike Zobrist of NGKF represented the Lessor, Grand Flam Shops Capital Management, LLC and Preston Abell of Virtus Commercial represented the Lessee.

 

 

 

4604-w-saharaDomino’s Pizza LLC has leased approximately 2,394 square feet of retail space at Sahara Pavilion North, located at 4604 W. Sahara Ave. Ste. 1-2, in Las Vegas.  Jeff Mitchell of Virtus Commercial represented the Lessee.

Cushman & Wakefield Commerce Negotiates Multifamily Portfolio Sale

cw-sale-1The Las Vegas office of Cushman & Wakefield Commerce announced that the team of Carl and Taylor Sims have negotiated the sale of the apartment portion of a three-property, multi-state portfolio sale in Las Vegas for $41,500,000. The team represented the seller, a global corporation based in China. The buyer was a subsidiary of Angelo, Gordon & Co. of New York, NY.

“The Las Vegas market has seen a large amount of portfolio sales this year, and if it continues through the end of the quarter, it could spell a record year in terms of sales volume,” said Taylor Sims, director of multi-family investment sales for the Cushman & Wakefield Commerce Las Vegas office. “We are honored that a company of such magnitude enlisted our team. Since most portfolio sales are contained to one market, or asset type, this cross-platform portfolio was an exciting deal to work on, as it was multi-state AND included multiple asset types including two multi-family properties and an office building in Arizona. The global presence of Cushman & Wakefield was a significant factor in the successful completion of this transaction, as our client wanted a team that could handle the complexities of the entire multi-property transaction.”

 

cw-sale-2

The multi-family properties include:

Gloria Park Villas, a 240-unit property located at 3625 S Decatur Blvd. was built in 1993 and sold for $19,920,000. Amenities include a gated community, gas BBQ`s with seating, mini-storage units, private garages, a 24-hour fitness center and a clubhouse with a movie theater.

Tower at Tropicana, 260-unit property at 6575 West Tropicana Ave, was built in 1990 and sold for $21,580,000. This property is also in a gated community and includes a 24-hour fitness center, gas BBQ`s with seating and a clubhouse with a movie theater.

December 13th at Jones Beltway Business Park: Party With Hayim At MDL Group’s New HQ Groundbreaking

mdl-group-logoWHAT: Jones Beltway Business Park construction commencement will be commemorated with an official Ground Breaking Ceremony and Celebration.  Construction of this 16,500 square foot office development, comprised of two buildings on 1.93 acres demonstrates new growth in Las Vegas expansion phase, which including this project.

Distinguished guests of honor scheduled to attend the event include, County Commissioner Steve Sisolak; Las Vegas Metro Chamber of Commerce President & CEO Kristin McMillan.

WHO:  Representatives from Nevada General Construction (Contractor), Encompass Studio (Architect), Chase Bank (Project Financing), Civil Works (Civil Engineer), Henriksen Butler (Furniture Vendor), and MDL Group (Developer and Owner Occupant) will be present regarding the Jones Beltway Business Park Project.

WHEN:  Press conference and official ground breaking ceremony begins at 10:30 am with Champaign Toast and raffle immediately following until 11:30 pm, Tuesday, December 13, 2016.

WHERE: Jones Beltway Business Park, 5960 S. Jones Blvd. (NEC of Jones Blvd. and Ponderosa Way.)

WHY: The Jones Beltway Business Park is one of only few significant office development projects in the Southern Nevada region and clearly demonstrates the start of office expansion.  MDL Group is a local small business (commercial real estate and property management) that made the decision to build its new office building vs. leasing or buying an existing building.

Please contact; Hayim Mizrachi        702-388-1800              hmizrachi@mdlgroup.com

Alexia Crowley of MDL Group and Pete Janemark of Cushman & Wakefield Las Vegas Earn CCIM Designation – Congrats

alexia-crowleyAlexia Crowley is a Senior Associate at MDL Group specializing in medical and professional office sales and leasing. She is a graduate from University of Nevada Las Vegas, with a Bachelor of Science in Business Administration with a focus in Marketing. In addition to her CCIM, Alexia has earned her designation as a LEED Green Associate having an up-to-date understanding of the most current green building principles and practices.

Going through such a rigorous process to obtain a professional designation like the CCIM demonstrates a high level of dedication an agent’s development.” Says, Hayim Mizrachi, President | Principal of MDL Group. Hayim and the 2 other working partners of MDL Group all hold the CCIM designation. “MDL Group has been involved with CCIM since 1991. There is little more that a real estate professional can do to advance themselves for the benefit of better advising their clients.”

 

peter-janemarkCushman & Wakefield Commerce Las Vegas today announced that Pete Janemark has received the national Certified Commercial Investment Member (CCIM) designation. By obtaining the CCIM designation, Janemark is recognized as an expert in the commercial and investment real estate industry.

The CCIM designation requires the successful completion of the designation process which includes demanding commercial real estate curriculum in real estate investment and financial analysis, and commercial real estate market analysis. CCIM designees are also required to provide a portfolio of industry experience.

“Pete is a tremendous asset to our company, and this designation will help elevate him to the next level,” said Michael Dunn, CCIM, SIOR and market leader for the Cushman & Wakefield Commerce Las Vegas office. “We are all proud of Pete and recognize him for his hard work and dedication that was required to earn his CCIM designation.”

Janemark specializes in the leasing and sales of office and industrial buildings in Northwest Las Vegas market, focusing primarily on landlord representation. He has more than 30 years in the real estate industry, with extensive leasing background, business development and sales knowledge.

Originally from Sweden, Janemark has been a resident of Las Vegas for eight years. He has developed a thorough knowledge of the market and helps clients capitalize on opportunities through his understanding of the Las Vegas commercial office and warehouse market. With more than 200 closed transactions since 2008, Janemark understands the unique qualities of and the specific needs of landlords in Southern Nevada.


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