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Category – Land

14.8 Acre Site Near New Las Vegas Stadium Sells for $18.5 Million

photoMarcus & Millichap announced the sale of a 14.8-acre, 644,688-buildable-square-foot redevelopment site in Las Vegas. The property sold for $18.5 million, or $1.25 million per acre, the highest price-per-acre sale of a large, 10-plus-acre, non-strip parcel of commercial land in nearly 10 years.

“The property has a prime location adjacent to The Orleans Hotel & Casino and is less than a mile from the planned $1.9 billion, 65,000-seat Las Vegas stadium, future home of the NFL’s Las Vegas Raiders, UNLV football, and many major entertainment events,” says Ray Germain, first vice president investments in Marcus & Millichap’s Las Vegas office. “Previously occupied by Southwest Gas’s corporate offices and a servicing facility, the site is master-planned for commercial tourist land use and is within the county’s Resort Hotel Overlay and MUD-1 Overlay districts, which allow for a high-density, mixed-used development with unlimited height restrictions.”

Germain represented the seller, a California-based limited liability company. The buyer, 4300 Trop LLC, is a limited liability company based in Utah.

The site is located at 4300 West Tropicana Ave., a mile west of Interstate 15 and the Las Vegas Strip. The site’s nearly 1,000 linear feet of frontage along Tropicana Avenue provide convenient access to more than 70,000 vehicles per day.

The land lends itself to a multitude of potential uses including apartments, condos, mixed-use retail, restaurant, lounge, condo/resort hotel applications and variations of its current industrial use.

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.

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.
 

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

 

 

 

Cushman & Wakefield Commerce Confirms Strong Deal Activity This Summer

marbeyaDigital PCS Nevada, Inc renewed 1,721 SF of office space at Marbeya Business Park, 6655 W Sahara Ave, Ste C110, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

 

 

Russell CrossingsShawn Lievense leased 550 SF of retail space at Russell Crossings, 5651 S Grand Canyon Dr, Ste 105, Las Vegas 89148. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, Berryessa Plaza, LLC.

 

 

35656 E PostOnTime Deliver, Inc leased 1,508 SF of office space at 3565 E Post Rd, Ste 105, Las Vegas 89120. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, AMJ 3565 Post, LLC.

 

 

 

35656 E PostA&R Diversified Human Services, LLC leased 2,763 SF of office space at 3565 E Post Rd, Ste 105, Las Vegas 89120. Pete Janemark, CCIM represented the lessor, AMJ Craig, LLC.

 

 

 

 

222 S RainbowInfinite Possibilities Adult Day Center, LLC leased 222 S Rainbow Blvd, Ste 201-212, Las Vegas 89145. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, 222 Rainbow, LLC.

 

 

 

 

4845 JudsonCivil Werx, LLC leased 1,850 SF of office space at 4845 Judson Ave, 2nd Fl, Las Vegas 89115. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, Alexander & Belmont, LLC.

 

 

 

6205 s PearlBRC, Inc leased 4,800 of industrial space at Prologis Arrowhead Commerce Center 7, 6205 S Pearl St, Ste 1200, Las Vegas 89120. Elizabeth Moore and Jennifer Levine, CCIM of Cushman & Wakefield Commerce represented the lessee.

 

 

 

2537 e washburnNinehorn, LLC leased 4,075 SF of industrial space at 2537 E Washburn Rd, North Las Vegas 89081. Elizabeth Moore and Jennifer Levine, CCIM represented the lessor, Haresh & Gopal Idnani.

 

 

 

 

222 S RainbowLexie and Alley, LLC dba Rescue Test Strips. leased 610 SF of Office space at Rainbow Office Park, 222 S. Rainbow Blvd., Suite 219, Las Vegas 89145. Pete Janemark of Cushman & Wakefield Commerce represented the lessor, 222 Rainbow, LLC.

 

 

 

810-durangoBrec Lighting, LLC leased 800 SF of Office space at Angel Park, 810 S. Durango Road, Suite 102, Las Vegas 89145. Pete Janemark of Cushman & Wakefield Commerce represented the lessor, SET Properties c/o Priority One Commercial.

 

 

 

Red Feather PlazaUnder-Weight Fitness & Martial Arts, LLC leased 3,783 SF of industrial space at Red Feather Plaza, 3281 N. Decatur Blvd., Suite 185, Las Vegas 89130.  Pete Janemark of Cushman & Wakefield Commerce represented the lessor, Red Feather Property LLC.

 

 

Charleston ValleyAnchor Injury Law Group renewed 1,122 SF of office space at Charleston Valley View Business Park, 3841 W Charleston Blvd, Ste 201, Las Vegas 89102. Neil Sorkin and Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, WBCMT 2007-C33 Charleston Boulevard, LLC.

 

 

 

The canyonsHall, Prangle, & Schoonveld, LLC expanded their office space by 1,385 SF at The Canyons, 1160 Town Center Dr, Stes 200 and 160, Las Vegas 89144. Jayne Cayton and Matt Kreft of Cushman & Wakefield Commerce represented the lessee.

 

 

 

Pines Office CenterBlood Systems, Inc dba United Blood Services of Nevada renewed 1,025 SF of office space at Pines Office Center, Ste 104, Las Vegas 89117. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

 

 

 

7303 s DecaturABS Decatur Enterprises bought 1.68 acres of land for $1,400,000 at 7303 S Decatur Blvd. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the buyer.

 

 

 

 

Cheyenne PointWorldwide Cellphone, LLC leased 1.016 SF of retail space at Cheyenne Pointe, 2315 E Cheyenne Ave, Ste 120, Las Vegas 89030. Dan Hubbard, Jason Park, and Eric Rogosch of Cushman & Wakefield Commerce represented the lessor, Medford Capital, LLC.

 

 

Centennial PlazaDavid Biesinger dba Centennial Foot and Ankle leased 1,285 square feet of retail space at Centennial Plaza, 150 E. Centennial Parkway, Suite 106, N. Las Vegas 89084. Lauren Tabeek and Katelyn Panella of Cushman & Wakefield Commerce represented the seller/landlord, Centennial 5 Development LLC.

 

 

marbeyaAmber Care Hospice Inc. renewed their lease of 992 square feet office space at Marbeya Business Park 6655 W. Sahara Avenue, Suite B108, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the seller/landlord, Pacific Penninsula LLC.

 

 

 

Palms Business CenterClark County renewed 9,424 SF of industrial space at Palms Business Center North, 2980 Meade Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

 

 

Valley View CommerceMaster Craft Carpet Service, Inc leased 11,688 SF of industrial space at Valley View Commerce Center, 5230 S Valley View Blvd, Ste A & B, Las Vegas 89118. Elizabeth Moore and Jennifer Levine, CCIM of Cushman & Wakefield Commerce represented the lessor, Valley View Commerce Ctr LLC.

 

 

 

Gibson PalmsPerma Treat, Inc leased 1,508 SF of industrial space at Gibson Palms Corporate Park, 118 Corporate Park Dr, Ste 117, Henderson 89074. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Olymbec USA, LLC.

 

 

 

Spectrum Office PlazaKaplan Neurology Chartered, P.C. leased 2,773 square feet of office space at Spectrum Office Plaza, 2445 Fire Mesa, Suite 190, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Anderson & Puryear Pistashio, LLP.

 

 

 

7340 SmokeTransamerica Audio Group, Inc. renewed their lease of 5,011 square feet of office space at 7340 Smoke Ranch Road, Suite A, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Brookhollow Business Park, LLC.

 

 

7340 SmokeUNLV renewed their lease of 1,614 square feet of office space at 7310 Smoke Ranch Road, Suite Q, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Brookhollow Business Park, LLC.

 

 

Imperial PlazaSin City Ventures Corp. dba Home Cleaning Centers of America leased 1,325 SF of Retail space at Imperial Plaza, 4343 N. Rancho Drive, Suites 219-220, Las Vegas 89130. Bob Hawkins and Neil Sorkin of Cushman & Wakefield Commerce represented the lessor, Royal Investors Group, LLC.

 

 

 

7340 SmokePicture This Clothing LLC   leased 2,074 SF of Office space at Brookhollow Business Park, 7310 Smoke Ranch Road, Suite M, Las Vegas 89128.  Bob Hawkins and Neil Sorkin of Cushman & Wakefield Commerce represented the lessor, Brookhollow Business Park, LLC.

Colliers Las Vegas Keeps Deals Flying

COMPLETED SALE TRANSACTIONS:

 

2310 Western AvenueA sale to GDC Realty LLC. The approximately 17,298 square foot industrial property is located at 2310 Western Ave. in Las Vegas. The transaction value was $1,510,000. Dean Willmore, SIOR, Grant Traub and Chris Connell of Colliers International represented the seller, Clark County Credit Union.
 

 

 

 

7293 West Sahara AvenueA sale to 840 Alvarado Enterprises. The approximately 14,880 square foot retail property is located in Stone Canyon Shopping Center at 7293 W. Sahara Ave. in Las Vegas. The transaction value was $4,450,000. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the seller, National Solutions LLC.
 

 

 

3919 East Cheyenne AvenueA sale to 3919 Cheyenne LLC. The approximately 4.9 acre land parcel is located at 3919 E. Cheyenne Ave. in Las Vegas. The transaction value was $880,000. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the buyer.
 

 

COMPLETED LEASE TRANSACTIONS:

 

7900 West Sunset Road, Suite 400A lease to Blueprint Studios Trends Inc. The approximately 81,000 square foot industrial property is located in Southwest Corporate Campus at 7900 W. Sunset Rd., Suite 400 in Las Vegas. Susan Borst, CCIM, SIOR, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Southwest Corporate Campus LLC. Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International represented the lessee.
 

 

6600 Bermuda RoadA lease to Bally’s Gaming. The approximately 32,700 square foot office property is located in Hughes Airport Center at 6600 Bermuda Rd. in Las Vegas. Taber Thill, SIOR, Pat Marsh, SIOR, Patti Dillon, SIOR, Ryan Martin, CCIM, SIOR, Teddie Hickey and Sam Newman of Colliers International represented the lessee.
 

 

 

751 West Warm Springs Road, Suite 115A lease to Flowers Baking Co. of Henderson LLC. The approximately 20,032 square foot industrial property is located in Harsch Henderson Commerce Center at 751 W. Warm Springs Rd., Suite 115 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented thelessor, Harsch Investment Properties-Nevada LLC.
 

 

 

3655 East Patrick Lane, Suite 100A lease to Deboys and Me LLC. The approximately 8,099 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 8) at 3655 E. Patrick Ln., Suite 100 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented thelessor, KTR LV I LLC.
 

 

 

1045 American Pacific Drive, Suite 160A lease to Bearco USA Inc. The approximately 7,292 square foot industrial property is located in Pacific Business Center at 1045 American Pacific Dr., Suite 160 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIORof Colliers International represented the lessee.
 

 

 

2225 East Flamingo Road, Suite 100-103A lease to Shepherd’s Heart Services LLC. The approximately 6,785 square foot office property is located in Desert Professional Center at 2225 E. Flamingo Rd., Suite 100-103 in Las Vegas. Stacy Scheer, CCIM, LEED GA and Steven Haynes of Colliers International represented the lessor, Diamond Creek Holdings LLC.
 

 

 

4965 South Fort Apache Road, Suite 102-105A lease to Love Your Home LLC. The approximately 6,000 square foot retail property is located in Crossroads Plaza at 4965 S. Fort Apache Rd., Suite 102-105 in Las Vegas. Al Twainy, CCIM and Amelia Hydenof Colliers International represented the lessor, Crossroads Plaza LV LLC.
 

 

 

 

1075 American Pacific Drive, Suite BA lease to Cardiac Imaging Inc. The approximately 5,336 square foot industrial property is located in Pacific Business Center at 1075 American Pacific Dr., Suite B in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.
 

 

 

 

3022-3034 West Post Road, Building A #11-13A lease to Nevada State Pharmacy – Las Vegas LLC. The approximately 4,342 square foot industrial property is located in Harsch Post Commerce Center at 3022-3034 W. Post Rd., Building A #11-13 in Las Vegas. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.
 

 

 

4675 West Teco Avenue, Suite 130A lease to Westinis Inc. The approximately 3,706 square foot industrial property is located in Decatur Crossing – Phase 3 at 4675 W. Teco Ave., Suite 130 in Las Vegas. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessor, DC3 LLC.
 

 

 

2700 East Patrick Lane, Suite 6A lease to Blum Health and Fitness LLC. The approximately 3,500 square foot industrial property is located in Patrick Airport Center at 2700 E. Patrick Ln., Suite 6 in Las Vegas. Greg Pancirov, SIOR, Mike DeLew, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.
 

 

 

6720 Via Austi ParkwayA lease to Perl Mortgage. The approximately 3,485 square foot office property is located in Marnell Corporate Center IV at 6720 Via Austi Pkwy., Suite 350 in Las Vegas. Taber Thill, SIOR, Patti Dillon, SIOR, Ryan Martin, CCIM, SIOR and Teddie Hickey of Colliers International represented the lessor, TA Realty.
 

 

 

50 North Gibson Road, Suite 155-160A lease to Napa Technology LLC. The approximately 3,472 SF square foot industrial property is located in Gibson Wigwam Business Center at 50 N. Gibson Rd., Suite 155-160 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessor, Pereyra 1992 Living Trust.
 

 

 

PCC 2A lease to Ibis Scientific Inc. The approximately 1,751 square foot industrial property is located in Patrick Commerce Center at 2875 E. Patrick Ln., Suite O in Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Harsch Investment Properties LLC.
 

 

 

 

4132 Sunset RoadA lease to Allstate Insurance. The approximately 1,607 square foot retail property is located in Green Valley Town and Country at 4132 Sunset Rd. in Henderson. Scot Marker of Colliers International represented the lessor, Wells Fargo.A lease to Mobile Physicians 24-7 LLC. The approximately 1,494 square foot industrial property is located at 3030 S. Jones Blvd., Suite 104 in Las Vegas. Stacy Scheer, CCIM, LEED GA and Steven Haynes of Colliers International represented the lessor, Adams Park LLC.

 

 

 

3950 East Sunset RoadA lease to Dominique Terry. The approximately 1,430 square foot retail property is located in Sunset Annie Oakley at 3950 E. Sunset Rd. in Las Vegas. Scot Marker of Colliers International represented the lessor, 3950 Sunset Rd. LLC.

 

 

 

 

4345 Corporate Center Drive, Suite 204A lease to Dion Saddler. The approximately 1,209 square foot industrial property is located in Corporate Center Business Park at 4345 Corporate Center Dr., Suite 204 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, The Realty Associates Fund XI LP.
 

 

 

4339 Corporate Center Drive, Suite 170A lease to Thompson’s Refrigeration LLC. The approximately 1,046 square foot industrial property is located in Corporate Center Business Park at 4339 Corporate Center Dr., Suite 170 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, The Realty Associates Fund XI LP.

Newmark Knight Frank Reps Significant Industrial and Land Sales

Newmark LogoNewmark Knight Frank represented Paul M. Garrity Trust in the sale of 4260 Cameron St., a 6,671 square foot industrial property, to Brillant Pro, LLC. Total consideration was $930,000.00. NKF’s Managing Director Ben Millis, SIOR and Associate Director Dave Wrzesinski represented the seller in the transaction. Amit Elfaci of Key Realty represented the buyer in the transaction.

 

Newmark Knight Frank represented Gibson Land, LLC in the sale of 355 N. Gibson Rd., a 2.41 acre parcel of land, to G N KD, LLC. Total consideration was $975,000.00. NKF’s Managing Director Ben Millis, SIOR and Associate Director Dave Wrzesinski represented the seller in the transaction. Joe Slyman of JMS Properties represented the buyer in the transaction.

 

Newmark Knight Frank represented Spanish Hills Coffee, LLC in the sale of 5335 S. Fort Apache Rd., a .37 acre parcel of land, to 5335 Fort Apache, LLC. Total consideration was $470,000.00. NKF’s Executive Managing Director Nelson Tressler and Director Michael Zobrist represented the seller in the transaction.

 

Cushman & Wakefield Commerce Shows Just How Active Las Vegas CRE Is Today

cushman1Penna Powers leased 140 SF of office space at 4880 University Dr, Ste B6, Las Vegas 89103. Nick Barber, Jeremy Foley, and Paula Lea, CCIM of Cushman & Wakefield Commerce represented the lessor, Doug DonBoer.

State Farm Insurance renewed 1,103 SF of office space Durango Courtyard, 4735 S Durango Dr, Ste 110, Las Vegas 89147. Neil Sorkin and Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Durango Management, LLC.

2T Concrete leased 4,986 SF of industrial space at 6504 Boulder Ranch Ave, Ste 100, Henderson 89011. Leo Biedermann and Art Farmali of Cushman & Wakefield Commerce represented the lessor, Boulder Ranch, LLC.

Sukar & Sons of Nevada, Inc dba Cricket Wireless Authorized Retailer 884 SF of retail space at Horizon Marketplace, 10608 S Eastern Ave, Ste C 89052. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessee.

MIN-COO Inc dba Green Turtle Salon renewed 1,940 SF of retail space at Amador Plaza, 1590 W Horizon Ridge Pkwy, Ste 100, Henderson 89012. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessee.

Attal, Inc dba Pots leased 1,700 SF of retail space at Rainbow Oakey Plaza, 1745 S Rainbow Blvd, Ste A-B, Las Vegas 89146. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, Bridge Group Investments, LLC.

RAI 10 Eastern, LLC dba Meineke leased 5,500 SF of retail space at 10 N Eastern Ave, Las Vegas 89101. Dan Hubbard of Cushman & Wakefield Commerce represented the lessee.

Morgan Specialties, Inc renewed 3,209 SF of office space Brookhollow Business Park, 7310 Smoke Ranch Rd, Ste C, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Brookhollow Business Park, LLC.

Astound Group leased 344,528 SF of industrial space at I-15 Speedway Logistics Center #2, North Las Vegas 89115. Alma Cuevas of Cushman & Wakefield Commerce represented the lessee.

Glide Installations, LLC leased 8,008 SF of industrial space at Craig Commerce Center, 2629 E Craig Rd, Ste H, North Las Vegas 89030. Alma Cuevas of Cushman & Wakefield Commerce represented the lessee.

Vegas Valley SVC, LLC renewed 3,600 SF of industrial space at Desert Inn Commerce Center, 3230 W Desert Inn Rd, Ste 160, Las Vegas 89102. Leo Beidermann of Cushman & Wakefield Commerce represented the lessor, Paradise Las Vegs, LLC.

Polynesian Entertainment, LLC renewed 4,292 SF of industrial space at Palms Business Center North, 3030 Rigel Ave, C3030, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

Goliath Outdoor Furniture, LLC renewed 3,781 SF of industrial space at Palms Business Center North, 3004 S Rancho Rd, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Bothers Las Vegas, LLC.

B Signs, Inc renewed 1,417 SF of industrial space at Palms Business Center North, 3004 Rigel Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

Parnell Electric renewed 5,712 total SF 2911 Meade Ave, 3026 Rigel Ave, and 3028 Rigel Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

Crossroads Courier, Inc renewed 3,500 SF of industrial space at Patrick Airport Center, 2700 E Patrick Ln, Ste 15, Las Vegas 89120. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessee.

TMSCOA, LLC leased 901 SF of office space at 9053 S Pecos Rd, Ste 2910, Henderson 89074. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, 9005-9089 South Pecos Road, LLC.

Mobilelink Nevada, LLC leased 2,000 SF of retail space at Los Posados Plaza, 802 Buchanan Rd, Boulder City 89005. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Los Posados Plaza, LP.

LexTech, LLC leased 3,000 SF of industrial space at 1000 Stephanie Pl, Ste 6, Henderson 89014. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessor, The Koll Company.

Thailicious Corp leased 1,972 SF of retail space at Stephanie Beltway, 19 S Stephanie St, Ste 160, Henderson 89012. Eric Rogosch, Dan Hubbard, and Jason Park of Cushman & Wakefield Commerce represented the lessor, Vegas Stephanie, LLC.

Philip T Varricchio and PTV, ESQ, LLC leased 1,000 SF of office space at 3273 E Warm Springs Blvd, #4, 5, 6, 7, Las Vegas 89120. Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Westward Consultants, Inc.

Best Buddies International leased 2,334 SF of office space at Marbeya Business Park, 6655 W Sahara Ave, Ste A110, Las Vegas 89146. Nick Barber, Jeremy Foley, and Paula Lea Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

Best Buddies International leased 11,406 SF of office space at Cameron East Business Park, 4310 S Cameron St, Ste 14, Las Vegas 89103. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessor, Cameron Industrial Park, LLC.

Payment Connect, Inc leased 982 SF of office space at Pines Office Center, 7351 W Charleston Blvd, Ste 140, Las Vegas 89117. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

One Platinum, Inc leased 1,037 SF of office space at Durango Courtyard, 4735 S Durango Dr, Ste 115, Las Vegas 89147. Neil Sorkin and Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Durango Management, LLC.

Delta Group International, LLC subleased 1,300 SF of office space at Durango Courtyard, 4735 S Durango Dr, Ste 101, Las Vegas 89147. Neil Sorkin and Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Peter A Mansky, MD Consultants Ltd.

Carrier Corporation leased 2,700 SF of industrial space at 5565 S Decatur Blvd, Ste 105, Las Vegas 89118. Leo Biedermann and Art Farmanali of Cushman & Wakefield Commerce represented the lessee.

Atomic Television, Inc leased 1,200 SF of industrial space at 3855 E Patrick Ln, Ste 155, Las Vegas 89120. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, Leonardi Properties, Inc.

Mobilelink Nevada, LLC leased 1,085 SF of retail space at 6512 N Decatur Blvd, Ste 130, Las Vegas 89131. Lauren Tabeek, CCIM of Cushman & Wakefield Commerce represented the lessee.

A & D Design, Inc leased 11,406 SF of office space at Cameron East Business Park, 4310 S Cameron St, Ste 14, Las Vegas 89103. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessor, Cameron Industrial Park, LLC.

Cardno, Inc leased 3,528 SF of industrial space at The Palms at Green Valley Business Park, 6 Sunset Way, Ste B102, Henderson 89014. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the Lessor, Washington Street Dev, LLC.

High Manor, LLC purchased 4,430 1SF of office space at 1000 Wigwam Way, Las Vegas 89077 for $757,000. Eric Rogosch of Cushman & Wakefield Commerce represented buyer.

Papa North Star, LLC dba Teriyaki Boy leased 1,500 SF of retail space at 2135 E Cheyenne Ave, Ste 120, North Las Vegas 89303. Dan Hubbard, Jason Park, and Eric Rogosch of Cushman & Wakefield Commerce represented lessor, Medford Capital, LLC.

2233 Paradise Road, LLC leased 10,738 SF of office space at 101 Convention Center Dr, Ste 700, Las Vegas 89109. Bob Hawkins, Jayne Cayton, and Matt Kreft of Cushman & Wakefield Commerce represented the lessor, Vegasstarr LLC and Concord Prime LLC.

JHK Law, a California Incorporated Company leased 1,071 SF of office space at Canyon Plaza, 7995 W Sahara Ave, Ste 104, Las Vegas 89117. Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, Winner Properties LLC, a Colorado Limited Liability Company.

Sun Commercial Leasing And Sales Activity

5765 S Rainbow BlvdThe Sale of a Mixed Use Retail/Office Building was completed on June 2, 2017. The 16,668 square-foot building is located at 5765 S. Rainbow Boulevard, Las Vegas, NV. The total value of the transaction was $2,750,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske, and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, NAKP Investments, LLC and Super Realty represented the Buyer, Ungar Investments.

 

 

 

 

910 E Cheyenne AveThe Sale of Sunrise Inn was completed on May 26, 2017. The 59 Room inn is located at 910 E. Cheyenne Avenue, North Las Vegas, NV. The total value of the transaction was $2,300,000.00. Cathy Jones, Josh Smith, Paul Miachika, Roy Fritz, and Jessica Cegavske of Sun Commercial Real Estate, Inc. represented the Seller, Cheyenne LV Holdings LLC c/o The Siegel Group Inc. and the Buyer, Varniraj LLC was unrepresented.

 

 

 

 

Sun LogoThe Lease with Primera was completed on June 1, 2017. The 49,406 square-foot warehouse space is located at 985 Trade Drive, North Las Vegas, NV. The total value of the transaction was $1,268,498.04. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Tenant, Primera and Albright, Callister & Associates, Inc. represented the Landlord, EP NLV, LLC.

 

 

 

 

 

Sun LogoThe Lease with Sunrise Mountain Dental & Orthodontics, LLC was completed on May 1, 2017. The 3,643 square-foot office space is located at 284 E Lake Mead Parkway, Ste C, Henderson, NV. The total value of the transaction was $493,550.65. Lisa Hauger, Tim Behrendt and Tim Erickson of Sun Commercial Real Estate, Inc. represented the Tenant, Sunrise Mountain Dental & Orthodontics, LLC and Virtus Commercial represented the Landlord, Thorndike Properties, Inc.

 

 

 

 

3035 E Fremont Street (1)

The Sale of APN 162-01-601-013/015 was completed on June 9, 2017. The 2.3 acres is located at 3035 E Fremont Street, Las Vegas, NV. The total value of the transaction was $359,500.00. Renae E. Russo of Sun Commercial Real Estate, Inc. represented the Seller, John & Angela Gough and Robert & Christine Dickran and Platinum RE Professionals represented the Buyer, La Casa I, LLC.

Virtus Commercial Retail and Land Transactions of Note

Sahara centerBurlington Coat Factory of Nevada has leased approximately 48,929 SF of retail space at Sahara Center, located at 1000 W. Sahara Ave. Ste. 130-140, in Las Vegas.  Ted Baker of New Market Advisors represented the Lessor, Sahara Center LLC and Jeff Mitchell & Joe Cooley of Virtus Commercial represented the Lessee.

 

 

 

3545 PorAll Team Towing has leased approximately 34,412.40 SF of land located at 3545 Procyon St., in Las Vegas.  Troy Tobler and Erick Ramirez of Virtus Commercial represented the Lessor, 3500-3675 Procyon LLC.

 

 

 

 

 

TenayaLino’s Pizza has leased approximately 2,400 SF of retail space at Tenaya Village, located at 7240 W. Azure Dr. Ste. 145, in Las Vegas.  Robert S. Hatrak II represented both the Lessee & the Lessor, Tenaya Village LLC.

 


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