Panattoni Development Co. bought 29.94 acres of land at the corner of Lake Mead Boulevard and US-95 in Henderson for $6.2 million, or $207,080-per-acre, from Century Properties 18 LLC. Colliers International’s Pat Marsh and Sam Newman represented the buyer.
Category – Land – Henderson
Liberty Automotive LLC bought 35,551 square feet of vacant land at 770 E. Horizon Drive in Henderson for $235,000, or $6.61-per-square-foot, from NS Southwest No. 10 LLC. Colliers International’s David Grant represented the seller.
Southern Nevada total land sales remains well below the levels seen in 2007, but during the first two quarters of 2014, there was 429.1 acres of commercial land that exchanged hands for $123.96 million in total volume, says Colliers International research manager John Stater. The average sales price of commercial land in 2014 was $577,605.50 per acre. “Until population growth increases, the land market in Southern Nevada will probably continue to improve at a slow pace,” Stater said. “Still, slow improvement is better than no improvement at all.” For more information, CLICK HERE.
Haley Harrison Hospitality LLC bought 2.37-acre of commercially near the southwest corner of Warm Springs Road and Julia Street in Henderson for $510,000, or $215,190-per-acre, from Emily Land Development Co. LLC. Colliers International’s David Grant represented the seller.
LVCSD Saddle LLC bought a 4.61-acre parcel on Stephanie Street and Wigwam Parkway in Henderson for $1.5 million, or $325,380-per-acre, from WG Stephanie LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, and Roy Fritz represented the seller; ROI Commercial’s Brian Sorrentino represented the buyer.
Spensa Nevada V LLC bought 6.42 acres inside Eastern Hills Retail Center at 10835 S. Eastern Ave. in in Henderson for $1.7 million, or $264,798-per-acre, CML-NV GMF LLC, A Florida LLC. CB Richard Ellis’ Brian Pankratz represented the buyer; Colliers International’s David Grant represented the seller.