Hengbang Expo LLC purchased APN 163-34-713-006 a 0.54 acre parcel located at 7000 West Post Road, in Las Vegas. The total value of the transaction was $155,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and David Livingston of Sun Commercial Real Estate, Inc. represented the Seller Post Road Land 8 LLC and Caroline Lee of PMI Realty represented the Buyer.
Category – Land – Las Vegas
Friends of Las Vegas Youth Orchestras purchased the approximately 1.14 acre land parcel located at 2750 S. Maryland Pkwy. in Las Vegas. The transaction value was $450,000. Steven Haynes of Colliers International represented the seller, Time Square Properties LLC.
Shepherd of the Hills Lutheran Church purchased the approximately 3.13 acre vacant land parcel located northeast of Dapple Gray Dr. in Las Vegas (APNs: 125-20-401-003 and 005). The transaction value was $840,000. Vince Schettler of Colliers International represented the sellers, Dapple Gray Drive Trust and Roma Investments Group.
Upper Image Services purchased 1.29 acres of retail land at the Rainbow Sobb Commercial Center located on the corner of Rainbow & Patrick (APN 163-35-312-005) for $725,000. Tony Amato of Avison Young represented the buyer; Matt Kammeyer of Five Star Real Estate represented the seller, Pohorsky Enterprises.
The University of Nevada, Las Vegas’ UNLV Foundation purchased a 42 acre parcel of vacant land on East Tropicana Avenue just east of Koval Lane in Las Vegas, Nevada for $50,000,000. Mike Mixer with Colliers International – Las Vegas represented the sale.
“It’s the biggest (land deal) since the ‘60s,” Gerry Bomotti, chief financial officer for the University of Nevada, Las Vegas, said referring to the last time the campus made any significant expansion acquisition.
Plans for the property include future UNLV campus expansion and related uses. Currently UNLV’s campus occupies 332 acres approximately 1.6 miles east of the Las Vegas Strip. The campus is landlocked with no feasible developable land immediately adjacent to their existing facilities. This new acquisition will offer the institution the chance to build new state of the art academic buildings and amenities near the campus core while bringing the campus closer to the heart of Las Vegas Strip. There is also an opportunity to build a football stadium on the site to provide a new on-campus home to the UNLV Football program along with a “Campus Village” concept for the student body.
Mike Mixer said of the deal, “This is a great acquisition for the University. It provides UNLV with a significant and strategic growth opportunity for the future.”
FedEx leased 53 parking spaces on a 1.92 acre parcel located at 7000 W. Post Road. The total value of the transaction was $473,675.36. Jeffrey Kernochan of Fischer & Company represented the Tenant and Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz, and David Livingston of Sun Commercial Real Estate, Inc. represented the Landlord, Post Road Land 8, LLC. .
Advanced Health Care Corporation closed on a 2.79 acre parcel located on Cactus Ave., just East of Maryland Pkwy., APN 177-35-110-004. The total value of the transaction was $1,700,000.00. Keith Spencer of CBRE represented the Buyer and Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz, and David Livingston of Sun Commercial Real Estate, Inc. represented the Seller, Ceco Enterprises, LLC.
NAI Vegas is pleased to announce the successful marketing and sale of Blue Diamond Rd. & Decatur Blvd., Las Vegas, NV. 3.65 acres of land for $4,000,000 on 10/22/2015. The Buyer of this property was 318 Blue Diamond Place, LLC and the Seller was Blue Diamond Place, LLC. NAI Vegas appreciates the opportunity to have worked with the Seller in this successful transaction.
The approximate aggregate value of this sale is $25.15 per square foot of land.