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Category – August 2017

New Deals From Newmark Knight Frank

Newmark1 logo Newmark Knight Frank represented Annallen, LLC in the purchase of a 1.25 acre parcel of land located on the SEC of Azure Dr. & Madge Ln., from Margaret Carnell Revocable Trust. Total consideration was $105,265.00. NKF’s Managing Director Ben Millis, SIOR and Associate Director Dave Wrzesinski represented the buyer in the transaction.

 

 

Family Dollar, Inc leased 9,025 square feet of retail space at 1374 W. Cheyenne Ave., Ste 101-105., from Cheyenne Marketplace, LLC. Total consideration was $837,084.10. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

 

Boot World Nevada, LLC dba KM Shoes leased 4,015 square feet of retail space at 4616 W. Sahara Ave., Ste 3 from Sahara 3D, LLC. Total consideration was $352,705.47. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

Virtus Commercial Adds Tenants To Revere, Desert Inn & 1785 Office Center

desert InnImperium Furniture LLC has leased approximately 1,600 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd.  Ste. 1 & 2, in Las Vegas.  Troy Alexander of TR Alliance represented the Lessee and Brett S. Beck of Virtus Commercial represented the Lessor, Desert Inn Square LLC.

 

 

 

 

 

 

 

desert InnMarie Andrews has leased approximately 800 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 11, in Las Vegas.  Gary S. Beck of Virtus Commercial represented the Lessee and Brett S. Beck of Virtus Commercial represented the Lessor, Desert Inn Square LLC.

 

 

 

 

 

Center for Spiritual Living Southern Nevada has leased approximately 4,808 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 440, in Las Vegas.  Gregory Hartline of Hartline Properties represented the Lessee, and Brett S. Beck of Virtus Commercial represented the Lessor, 1785 Office Center LLC.

 

 

 

 

 

RevereDavid Montes Pizzeria has leased approximately 1,050 SF of retail space at Revere Marketplace, located at 955 W. Craig Rd. Ste. 105, in N. Las Vegas.  Robert S. Hatrak II represented both the Lessee and the Lessor, Las Vegas Adventure LLC.

Mike Young & David Livingston Close On Two Office Sales

5741The property located at 5741 S. Fort Apache Rd. sold on August 16th 2017. The total Purchase Price was $965,000. The property consists of a 4,509 SF medical office condominium. The property was purchased by Ft Apache MOB LLC, who was represented by Mike Young and David Livingston of IREPLV, LLC. The seller was SBSS Holdings LLC.

 

 

 

 

6827The property located at 6827 W. Tropicana Ave sold on August 28th, 2017. The total Purchase Price was $750,000. The property consists of a 5,000 SF grey shell office condominium. The property was sold by HCCN Holdings II, LLC who was represented by Mike Young and David Livingston of IREPLV, LLC. The buyer was Las Vegas Presbyterian Church.

Land Sales Lead This Weeks Colliers Las Vegas Transactions Of Note

Range and I-215A sale to K&K Residential LLC. The approximately 22.45 acres land parcels are located at 6200 Range Rd. at I-15 & I-215 North in North Las Vegas (APNs: 123-28-101-008, 123-28-201-001, 123-28-201-004, 123-28-201-007, 123-29-601-006, 123-29-601-006, 123-29-601-009, 123-29-601-012, 123-29-601-014 & 123-29-601-019). The transaction value was $2,445,805. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the sellers, BMC Stock Holdings Inc. & BMC West LLC.
 

 

 

Industry Park Court LandA sale to Landcaster Yard LLC. The approximately 1.99 acre land parcel is located on the southwest corner of Industry Park Ct. and Industry Center Dr. in Las Vegas (APN: 140-05-110-018). The transaction value was $500,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

 

 

 

 

 

2360 Corporate CircleA lease to Far West Division Inc. The approximately 47,145 square foot office property is located in Green Valley Corporate Center at 2360 Corporate Cir., Suites 125, 150, 225, 235 and 280 in Las Vegas. Patti Dillon, SIOR, Taber Thill, SIOR, Ryan Martin, CCIM, SIOR and Teddie Hickey of Colliers International represented the lessor, Corporate Center VI Investors LLC.
 

 

 

 

 

2920 Green Valley PkwyA lease to Covenant Protectors LLC. The approximately 3,235 square foot office property is located in Sunset Ridge at 2920 Green Valley Pkwy., Suite 412 in Henderson. Rebecca Staniec of Colliers International represented the lessor, Landmark Ventures LLC.
 

 

 

 

 

6671 Las Vegas Blvd SouthA lease to GPA Wong LLC dba Eden in Love. The approximately 1,846 square foot retail property is located in Town Square Las Vegas at 6671 Las Vegas Boulevard South, Space No. A-123 in Las Vegas. George Connor and Garrett Connor of Colliers International represented the lessee.
 

GLVAR Announces Sale Of HQ Property – Prepares To Occupy New Building

GLVAR building rendering final 2016[4]The Officers and Directors of the Greater Las Vegas Association of REALTORS® (GLVAR) are pleased to announce the sale of its longtime home at 1750 East Sahara Avenue to Laborers’ International Union North America, Local 872 (LIUNA, Inc.) for $2,750,000.

There will be no disruption in services to GLVAR’s 14,000-plus members as the purchase agreement contains a lease back provision allowing GLVAR to remain at the East Sahara location until construction of its new building on Rainbow Boulevard, just north of Sunset Road, is completed in the coming months.

GLVAR was represented in the transaction by David R. Scherer of Newmark Grubb Knight Frank, while LIUNA was represented by Peter Guzman.

Avison Young Represents Landlords In Two Market Transactions

6070Scott Donaghe and Barton Hyde of Avison Young represented the landlord, AMA Properties in the 64 month, 4,239 square foot office lease located at 6070 South Eastern Avenue, Suite 200 to the tenant, Velasquez Immigration. The total value of the transaction was $395,000.

 

 

 

 

 

 

Planet FitnessJacqueline Young and Liz Clare, CCIM of Avison Young represented the landlord, 4343 North Rancho Drive, LLC in the 144 month, 18,000 square foot retail lease located at 4404-4530 North Rancho Drive, Suites F1 & F2 to the tenant, Planet Fitness.  The total value of the transaction was $2,451,600.

CommCap Advisors Secures LifeCo Loan For Wynn Road Business Center East

wynn rdWynn Road Business Center East is a light industrial building built in 1998 consisting of 6 grade level overhead doors and 14 dock high doors. Clear heights throughout the warehouse facility range from 20 to 24 feet and there is approximately 16% of office build-out. The building is finished with white-toned paint and red trim accents and includes ample area for signage above the office entrances. The property is in excellent condition.

 

Type of transaction: Loan- Life Company

Address: 5470 Wynn Road, Las Vegas NV 89118

Borrower: Wynn Road East LLC

Mortgage Broker: Kyle Nagy of CommCap Advisors (knagy@commcapnv.com)

Loan Amount: $2,750,000

Total square feet: 39,254

Details: Though a small balance, CommCap was able to secure a non-recourse institutional Life Insurance company loan.

Albright Callister’s Recent Deals Add To Summer Activity

3644Lessor/Seller: Four G’s, LLC

Lessor/Seller Broker/s:Bryan Houser

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: BESCO LV

Lessee/Buyer Broker/s:  NA

Lessee/Buyer Brokerage Firm:

Name of Business Center/Complex: Rancho Gowan Business Park

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  3644 N Rancho Dr Las Vegas, NV 89130

Transaction Value: $130,770

Length of Lease: 49 months

Product Type: (Retail, Industrial, Office, Land, Residential) Office/warehouse

Square feet: 4,000

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

New Lease or Renewal NEW

Note: After a short marketing campaign this property leased to a high quality user and the Landlord provided custom TI work for the tenant to function properly from the space.

 

4512 andrewsLessor/Seller: Southern Nevada Industrial The Brookhollow Group

Lessor/Seller Broker/s:Bryan Houser

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: Tangerine Tile

Lessee/Buyer Broker/s:  NA

Lessee/Buyer Brokerage Firm:  NA

Name of Business Center/Complex: Andrews Industrial Park

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  4512 Andrews St Suite H North Las Vegas, NV 89081

Transaction Value: $56,081

Length of Lease: 36 months

Product Type: (Retail, Industrial, Office, Land, Residential) Office/warehouse distribution

Square feet: 3,600

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

 

 

Lessor/Seller: Grandtrine Enterprises

Lessor/Seller Broker/s: Cindy Inman

Lessor/Seller Brokerage Firm: Priority One Commercial

Lessee/Buyer: Espri Laser Med Spa

Lessee/Buyer Broker/s:  Bryan Houser

Lessee/Buyer Brokerage Firm:  Albright Callister & Associates

Name of Business Center/Complex: Lakes Business Park

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  8961 W Sahara Ave Suite 106 Las Vegas, NV 89117

Transaction Value: $56,161

Length of Lease: 24 months

Product Type: (Retail, Industrial, Office, Land, Residential) Office

Square feet: 1,590

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) MG

 

 

3470 w cheyeneLessor/Seller: Fink Trust

Lessor/Seller Broker/s: Bryan Houser

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: Allstate

Lessee/Buyer Broker/s:  NA

Lessee/Buyer Brokerage Firm:  NA

Name of Business Center/Complex: Cheyenne Business Park

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  3470 W Cheyenne Ave Suite 101 North Las Vegas, NV 89032

Transaction Value: $14,940.00

Length of Lease: 18 months

Product Type: (Retail, Industrial, Office, Land, Residential) Office

Square feet: 1,174

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

 

 

8000 rainbowLessor/Seller: Southwest Market Place Station

Lessor/Seller Broker/s:

Lessor/Seller Brokerage Firm:

Lessee/Buyer: # 1 Hawaiian BBQ

Lessee/Buyer Broker/s:  Bryan Houser

Lessee/Buyer Brokerage Firm:  Albright Callister & Associates, LLC

Name of Business Center/Complex: Southwest Marketplace

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  8000 S Rainbow Blvd Suite G La Vegas, NV 89139

Transaction Value: $491,106.00

Length of Lease: 120 months

Product Type: (Retail, Industrial, Office, Land, Residential) Retail

Square feet: 1,400

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

 

4620 mitchellLessor/Seller: SubLessor American Expressways

Lessor/Seller Broker/s: Bryan Houser

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: Castle Cabinets

Lessee/Buyer Broker/s:  Marty Martell

Lessee/Buyer Brokerage Firm:  MDL Group

Name of Business Center/Complex: GBS Industrial

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  4620 Mitchell St Suite H North Las Vegas, NV 89081

Transaction Value: $26,040

Length of Lease: 12 months

Product Type: (Retail, Industrial, Office, Land, Residential) Warehouse Storage

Square feet: 3,300

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

 

4700 mitchellLessor/Seller: GSC Industries, LLC

Lessor/Seller Broker/s: Bryan Houser

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: GIST Specialties

Lessee/Buyer Broker/s:  Eric Larkin

Lessee/Buyer Brokerage Firm:  NAI Vegas

Name of Business Center/Complex: NA

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  4700 Mitchell St North Las Vegas, NV 89081

Transaction Value: $115,200

Length of Lease: 12 months with 4 – 1 year renewal options

Product Type: (Retail, Industrial, Office, Land, Residential) Warehouse Storage

Square feet: 30,000

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

New Lease or Renewal: New

 

 

2939 MarcoLessor/Seller: 2930 Marco St, LLC

Lessor/Seller Broker/s: Dean Willmore

Lessor/Seller Brokerage Firm: Colliers

Lessee/Buyer: Red Rock Recycling

Lessee/Buyer Broker/s:  Bryan Houser

Lessee/Buyer Brokerage Firm:  Albright Callister

Name of Business Center/Complex: NA

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  2930 Marco St Las Vegas, NV 89115

Transaction Value: $1,398,632.00

Length of Lease: 60 Months

Product Type: (Retail, Industrial, Office, Land, Residential) Industrial Warehouse and yard Storage

Square feet: 31,500

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross) NNN

New Lease or Renewal: New

 

1285 rockpebbleLessor/Seller: ROCK NLV, LLC

Lessor/Seller Broker/s: Bryan Houser and Douglas Albright

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: Cutting Edge Supplies

Lessee/Buyer Broker/s:  NA

Lessee/Buyer Brokerage Firm:  NA

Name of Business Center/Complex:

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  1285 Rockpebble Ave North Las Vegas, NV 89030

Transaction Value: $630,000

Length of Lease:

Product Type: (Retail, Industrial, Office, Land, Residential) Office Warehouse yard Storage

Square feet: 5641 SF with yard

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross)

New Lease or Renewal: New

 

3450 w cheyenneLessor/Seller: Cheyenne Business Park, LLC

Lessor/Seller Broker/s: Bryan Houser and Douglas Albright

Lessor/Seller Brokerage Firm: Albright Callister & Associates

Lessee/Buyer: Tishbi, Inc

Lessee/Buyer Broker/s:  David Afromsky

Lessee/Buyer Brokerage Firm:  HI Tower Realty

Name of Business Center/Complex: Cheyenne Business Park

Street Address: (Specify whether it’s a Street, Avenue, Boulevard, Road, etc. If an address isn’t yet assigned, please list the cross streets and corner. Also, be sure to include the suite number, if applicable, as well as the city.)  3450, 3550, 3560, 3562 W Cheyenne North Las Vegas, NV 89032

Transaction Value: $2,475,000.00

Length of Lease:

Product Type: (Retail, Industrial, Office, Land, Residential) Office Park

Square feet: 20,000 Sf total

Acreage:

Rental Type: (Specify: Modified Gross, Triple Net, Full Service Gross)

New Lease or Renewal: New

 

 

 

More Detail On Mountain West Commercial’s New Las Vegas Office

mtn westMountain West Commercial is pleased to announce the continued expansion of its partnership in Las Vegas, Nevada, led by Principal Broker Jeff Mitchell. Joining him as agents are Andrew Fehrman, Sahil Kurji, Jakke Farley, Preston Abell with Maurica Brown as office manager. The team has many years of experience in the intermountain region and their local knowledge will allow Mountain West to better service their substantial existing business in Nevada.

Service and growth continues to be at the forefront of the Las Vegas office, but the simple mission statement remains the same: To focus not on being the biggest, but being the best. As part of Mountain West, the Las Vegas location professionals are dedicated to providing superior service to our clients, whether representing tenants or landlords, brokering investment sales or arranging property management. Founded in 2009 by market-leading brokers,

Mountain West has since grown to be one of the most respected and successful boutique brokerages in the country, completing over 2600 transactions worth over $3.5 billion, including 4.8 million SF leased and $1.5 billion in investment transaction volume.

“We are extremely excited about this next step in the evolution of Mountain West in Nevada. We’ve operated as a Mountain West affiliate in Las Vegas for eight years, setting the ground work,” said Jeff. “Now we can fully develop our cohesive multimarket strategy for our client base.”


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