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Category – All Las Vegas Real Estate

Commercial Executives Closes On Lease At 5575 S. Durango

 

 

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5575 S Durango

Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM, SIOR of Commercial Executives Real Estate Services recently represented T&J Fallon Family Trust in the leasing of 3,592 +/- sf of office space located at 5575 S. Durango Dr. Suite 111, Las Vegas, Nevada to FGKG, LLG. The lease is for 37 months and the transaction is valued at $140,860.

Colliers Las Vegas Sets Tone For Holiday Season Activity

COMPLETED LEASE TRANSACTIONS:

 

APN 176 01 201 008A sale to NV LAS DEC LLC. The approximately 2.5 acre land parcel is located near Jones Blvd. and Roy Horn Way (APN: 176-01-201-008) in Las Vegas. The transaction value was $3,500,000. Brian Fike of Colliers International represented the buyer.

 

 
 

 

1225 East Hacienda AvenueA sale to Kanawati Group. The 44-unit multifamily property, Skyline Terrace Apartments, is located at 1225 E. Hacienda Ave. in Las Vegas. The transaction value was $3,175,000. Thomas Olivetti of Colliers International represented the buyer and the seller, Alpha Wave Investors.

 

 
 

 

5154 West Patrick LaneA sale to Christopher Lim. The approximately 6,245 square foot industrial property is located at 5154 W. Patrick Ln. in Las Vegas. The transaction value was $865,000. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the seller, 288 Investments LLC.

 

 
 

 

971 Empire Mesa WayA sale to 969 Empire LLC. The approximately 6,800 square foot industrial property is located at 971 Empire Mesa Way in Henderson. The transaction value was $782,000. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the seller, Peterson-Thompson LLC.

 

 

 

 

 

 

 

 

South Decatur Boulevard and West LeBaron Avenue APN 177 30 201 001A sale to Diamond Decatur Limited. The approximately 1.35 acre land parcel is located at S. Decatur Blvd. and W. LeBaron Ave. (APN: 177-30-201-001) in Las Vegas. The transaction value was $300,000. Steven Haynes of Colliers International represented the seller, Oscar A. Matheu & Sonia Matheu. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

 

 

 

 

7336 West Post Road, Unit 8A sale to Play Golf Designs Inc. The approximately 1,521 square foot office property is located in The Square at 7336 W. Post Rd., Unit 8 in Las Vegas. The transaction value was $296,595. Brian Riffel, SIOR, Chris Connell, Grant Traub and Tyler Jones of Colliers International represented the seller, Professional Warehouse Office Condos.

 

 
 

 

COMPLETED LEASE TRANSACTIONS:

 

DCIM100MEDIADJI_0164.JPGA lease to New Wave Enviro Inc. The approximately 29,250 square foot industrial property is located in Henderson Freeways Crossing at 8385 Eastgate Rd. in Henderson. Pat Marsh, SIOR and Sam Newman of Colliers International represented the lessor, Henderson Freeways Crossing LLC.

 

 
 

 

 

6285 South Mojave Road, Suite F-GA lease to Olsen Gaming Inc. The approximately 6,500 square foot industrial property is located in Mojave Airport Center at 6285 S. Mojave Rd., Suite F-G in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.

 

 
 

 

1845 Village Center CircleA lease to Sports Science Training LLC. The approximately 6,000 square foot office property is located in V Centre Trails at 1845 Village Center Circle in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

 

 
 

 

4405 West Sunset RoadA lease renewal to Preferred Electric LLC. The approximately 5,685 square foot industrial property is located at 4405 W. Sunset Rd. in Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Brigite Land Management LLC.

 

 
 

 

 

 

6295 South Pearl Street, Suite 500A lease to L5 Parcel Services LLC. The approximately 5,500 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 6) at 6295 S. Pearl St., 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.

 

 
 

 

 

 

DCIM100MEDIAA lease to Capitol Builders Hardware Inc. The approximately 5,386 square foot industrial property is located in Highland Industrial Center at 2910 S. Highland Dr., Suite P in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, FKC Highland LLC.

 

 

 

 

 

 

 

4210 North Lamb Boulevard, Suite 130A lease to Ashley Briggs dba: Forge Performance. The approximately 4,195 square foot industrial property is located in Northpointe Business Center at 4210 N. Lamb Blvd., Suite 130 in Las Vegas. Dean Willmore, SIOR of Colliers International represented the lessor, Danny Muallem. Alex Stanisic of Colliers International represented the lessee.

 

 
 

 

 

3858 Civic Center DriveA lease to Vegas Signs Inc. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3858 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.

 

 

 

 

 

 

 

3874 Civic Center DriveA lease to West Coast Commercial Services Inc. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3874 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.

 

 

 

 

 

 

 

9053 South Pecos Road, Suite 2900A lease to American Academy of Urology. The approximately 3,490 square foot medical office property is located in Sansone Pecos I-215 at 9053 S. Pecos Rd., Suite 2900 in Henderson. Stacy Scheer, CCIM, LEED GA of Colliers International represented the lessee.

 

 
 

 

2920 North Green Valley Parkway, Suite 312A lease to Vetfed Carenet LLC. The approximately 2,538 square foot office property is located in Sunset Ridge Professional Plaza at 2920 N. Green Valley Pkwy., Suite 312 in Henderson. Alexia Crowley, CCIM, LEED GA of Colliers International represented the lessee.

 

 

 

8461 West Farm Road, #170A lease to Firehouse Subs. The approximately 1,650 square foot retail property is located in DC Plaza at 8461 W. Farm Rd., #170 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

 

 

 

 
 

280 East Flamingo RoadA lease to Dinh Tran dba Posh Nails 24/7. The approximately 1,200 square foot retail property is located at 280 E. Flamingo Rd. in Las Vegas. Phillip Dunning, CCIM of Colliers International represented the lessor, Flamingo Corridor, LLC.

Newmark Knight Frank Recent Transactions

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Newmark Knight Frank represented Millis Properties, LLC in the purchase of 9330 W. Martin Ave., a 8,705 square foot office building, from Joseph & Geraldine Dehorty Living Trust. Total consideration was $1,415,000. NKF’s Managing Director Ben Millis, SIOR and Associate Director Dave Wrzesinski represented the buyer in the transaction. Tina Taylor and Ryan McCullough of Marcus & Millichap represented the seller in the transaction.

 

Newmark Knight Frank represented Millis Nellis, LLC in the sale of SWC Nellis Blvd. & Geist Ave., a 1.39 acre parcel of land, to Alternative Medicine Association LC. Total consideration was $432,000. NKF’s Managing Director Ben Millis, SIOR and Associate Director Dave Wrzesinski represented the seller in the transaction. Kevin Higgins of CBRE represented the buyer in the transaction.

 

Tax Services of America, Inc dba Jackson Hewitt leased 981 square feet of retail space at 4750 W. Sahara Ave., Ste. 1, from Sahara 3D, LLC. Total consideration was $125,783. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

NAI Sauter Multifamily Represents Sale Of Cheyenne Point Apartments

Cheyenne PointNAI Vegas is pleased to announce the successful marketing and sale of Cheyenne Pointe Apartments, 204-units located at 3240 N. Las Vegas Blvd., Las Vegas, NV 89115 for $17,442,000 ($85,500 per unit) on 11/1/17.

Patrick Sauter, Art Carll and Antone Brazill of NAI Vegas’ Sauter Multifamily Group appreciates the opportunity to have exclusively represented the Buyer and Seller in this successful transaction.

 

 

Cheyenne Pointe Apartments 3240 N Las Vegas Blvd, Las Vegas, NV 89115

Transaction Details

  • $17,442,000 Sale Price
  • 5.51% Cap Rate
  • Class B Community
  • Built in 1999
  • Date Sold:11/1/2017

Boston And Las Vegas Bookend Required Credit Scores For Apartment Renters

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The average credit score of those approved for an apartment lease is on the increase, up 12 points since 2014 to hit 650 in 2017, according to rental applications submitted nationwide.

Across building types, rental applicants approved for an apartment in 2017 had average scores that range from 683 in high-end buildings to only 624 in low-end buildings.

And if you’re wondering which generation of renters is in the best credit shape, that’s Baby Boomers for you, with the highest accepted average score of 683.Zooming in to the city level, two of the most expensive hubs for renters lead the way, Boston with a 737 average credit score of approved applicants and San Francisco with 724. Las Vegas is on the other end of the spectrum with 590, the lowest average credit score of approved renters out of the 50 cities we looked at. Sin City has also witnessed a 6.3% increase in rents since last year, now at $962/mo.

While it may not all boil down to a renter’s credit score, our research shows there’s a strong correlation between it and application approval rates, as you can see in the graph below:

See full credit score report here

Monte Village Shopping Center, LLC Signs Long Term Retail Lease – Avison Young

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AVLiz Clare, CCIM and Jacqueline Young of Avison Young represented the landlord, Monterey Vista Village Shopping Center, LLC in the 126 month retail lease located at 3555 South Fort Apache in Las Vegas, Nevada.  Cory Argubright of Dunbar Commercial represented the tenant, 9 Rounds.  The total value of the transaction was $253,008.00.

Avison Young Represents Landlords In Two Long Term Office Leases

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9440 SaharaJacqueline Young and Liz Clare, CCIM of Avison Young represented the landlord, G&I VIII Village Square, LLC in the 1,780 SF 126 month lease to the tenant, Grabbagreen at 9440 West Sahara Avenue, Suite 180, Las Vegas, Nevada.  Mike Leonard of Catalyst Commercial Group represented the tenant.  The total value of the retail lease was $536,500.

 

 

 

 

 

Catapult (1)Barton Hyde and Scott Donaghe of Avison Young represented the landlord, 2625 GV, LLC in the 6,580 SF 60 month lease to the tenant, Catapult Fundraising at 2651 N. Green Valley Pkwy, Suite 102D, Henderson, Nevada.  Buzz Horden of Vegas Commercial Real Estate represented the tenant. The total value of the office lease was $381,500.

Mountain West Commercial Transacts Retail, Office & Land Deals

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360 TropicanaTatuado Tavern, MTSRB LLC has leased 3,000 SF of retail space at McCarran Village, 360 E. Tropicana Ave. Las Vegas, Nevada 89169. Jeff Mitchell and Preston Abell of Mountain West Commercial represented the Lessor.

 

 

 

 

 

317 6thCoWorks LLC, has leased 8,400 SF of Office Space Downtown at 317 S. 6th St. Las Vegas, Nevada 89101. Preston Abell of Mountain West Commercial represented the Lessor.

 

 

 

 

 

 

SW Oleta Terrible Hebst Inc. has leased 2.39 ACRES of Land on SWC of Oleta Ave. & Jones Blvd. Sahil Kurji of Mountain West Commercial represented the Lessee.

Sun Commercial’s Recent Activity Hits All Property types

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525 E St. Louis - Cover PhotoThe Sale of a four-story apartment building was completed on October 31, 2017. The 90,610 square foot 92-unit property is located at 525 E. St. Louis Avenue, Las Vegas, NV 89104. The total value of the transaction was $7,300,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, St. Louis LV Holdings LLC and Sunnyside Group represented the Buyer, Patel Family Trust.

 

 

 

 

 

 

9070 w cheyenne aveThe Sale of a single tenant office building was completed on October 30, 2017. The 10,000 square foot office building is located at 9070 W. Cheyenne Avenue, Las Vegas, NV 89129. The total value of the transaction was $2,750,000.00. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Buyer, Kerry Holt and Marcus & Millichap represented the Seller, PCB Pensivy LLC.

 

 

 

 

 

 

 

2917 Brookspark DriveThe Sale of an industrial building was completed on September 27, 2017. The 10,128 square foot space is located at 2917 Brookspark Drive, North Las Vegas, NV 89030. The total value of the transaction was $1,050,000.00. Lisa Hauger, Timothy Erickson, and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Buyer, Auto-Chlor Systems of Las Vegas and CBRE represented the Seller, Brookspark Drive LLC.

 

 

 

 

 

375 Stephanie 1The Sale of an office building was completed on September 26, 2017. The 5,740 square foot space is located at 375 N. Stephanie Street, Building 10, Henderson, NV 89014. The total value of the transaction was $830,000.00. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Seller, Stephanie 10, LLC and iProperties International represented the Buyer, LVH Holdings, LLC & RMZX Defined Benefit Plan Pension Trust.

 

 

 

 

 

 

6325 s rainbow boulevardThe Lease with Your Leasing Solution, LLC was completed on September 12, 2017. The 4,892 square foot office space is located at 6325 S. Rainbow Boulevard, Suite 420, Las Vegas, NV 89118. The total value of the transaction was $816,726.72. Renae Russo of Sun Commercial Real Estate, Inc. represented the Tenant, Your Leasing Solution, LLC and CBRE represented the Landlord, WGHII Acquisitions, LLC.

 

 

 

 

 

 

777 s rainbow boulevardThe Lease with Telassistant LLC was completed on September 25, 2017. The 7,713 square foot office space is located at 777 N. Rainbow Boulevard, Suite 130 & 135, Las Vegas, NV 89107.The total value of the transaction was $698,268.54. Michael Brazill and Edward Bassford of Sun Commercial Real Estate, Inc. represented the Tenant, Telassistant LLC and Colliers International represented the Landlord, Rainbow Business Center LLC.

 

 

 

 

 

 

3975 w post roadThe Lease with Duralum Products, Inc. was completed on September 1, 2017. The 12,485 square foot industrial space is located at 3975 W. Post Road, Las Vegas, NV 89118. The total value of the transaction was $525,700.19. Lisa Hauger, Timothy Erickson and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Tenant, Duralum Products, Inc. and JLL represented the Landlord, Gaunt Industrial Properties LLC.

 

 

 

 

 

 

9640 W. Tropicana Ave (2)The Lease with Senza Gluten-Free Bakery was completed on November 1, 2017. The 2,022 square foot retail space is located at 9640 W. Tropicana Avenue, Suite 118 & 119, Las Vegas, NV 89147. The total value of the transaction was $173,908.20. Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Landlord, Teepee Development, LLC and Savant CRE represented the Tenant, Senza Gluten-Free Bakery.

 

 

 

 

 

 

4640 s polaris aveThe Lease with ABC Rifle Company was completed on November 9, 2017. The 5,400 square foot industrial space is located at 4640 S. Polaris Avenue, Unit A, Las Vegas, NV 89103. The total value of the transaction was $126,390.06. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Tenant, ABC Rifle Company and Gatski Commercial Real Estate Services represented the Landlord, CV PropCo, LLC.


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