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Category – Marcus & Millichap

Taco Bell Changes Hands

6010 tropicanaMarcus & Millichap announced the sale of Taco Bell, a 2,488-square foot net-leased property located at 6010 W Tropicana Ave in Las Vegas, Nevada. The asset sold for $2,050,000.

Tina D. Taylor, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, MRFT, LP.  This was an all-cash exchange buyer from California.

Marcus & Millichap Transacts NNN Property Located On Prime Site

foodMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Former Food 4 Less, a 47,625-square foot net-leased property located at 3864 W Sahara Ave in Las Vegas, Nevada. The asset sold for $5,300,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Ray Germain, First Vice President Investments, and Candace Bare, Senior Associate, in Marcus & Millichap’s Las Vegas office, had the exclusive listingto market the property on behalf of the seller, an individual/personal trust. The Equity Group’s Joseph Anderson and Steve Nosrat represented the Buyer.

This former (dark) Food 4 Less grocery store is located at 3864 West Sahara Avenue in Las Vegas, NV.  According to Germain and Bare, “This transaction represented an excellent opportunity to acquire a 47,625-square foot building situated upon 3.81 acres of land in a densely populated, peak trade area of Las Vegas. The property is located within a uniquely positioned shopping center with tremendous potential for upside. This anchor space is well-poised for redevelopment, with the added flexibility of the continued benefits of the triple net lease with the previous occupant remaining intact while the Buyer determines the appropriate use.”

Marcus & Millichap Represent Sale Of 3878 Palos Verdes

3878 Palos VerdesMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 16-unit apartment property located at 3878 Palos Verdes Street in Las Vegas, Nevada. The asset sold for $920,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Marco A. Walton, Associate in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Walton as well.

Ryan McCullough Of Marcus & Millichap Represents Sale Of 1820 Western Avenue

1820Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 5,880-square foot industrial property located at 1820 Western Avenue in Las Vegas, Nevada. The asset sold for $685,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Ryan McCullough, an investment specialist in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, Isleworth Ventures, LLC. The Equity Group’s Joseph Anderson and Steve Nosrat represented the Buyer.

Marcus & Millichap Sell “Big O Tire” Investment Property For Private Investor

Big OMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Big O’ Tires, a 6,150-square foot net-leased property located at 170 N Pecos Road in Henderson, Nevada. The asset sold for $1,650,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Dustin R. Alvino, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Henderson Restaurant Property Sells For $1,050,000 – Marcus & Millichap

SerranosMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Serrano’s Mexican Grill, a 2,574-square foot net-leased property located at 4425 East Sunset Road in Henderson, NV.  The asset sold for $1,050,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Dustin R. Alvino, Vice President Investments, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private family trust. The buyer was Madoc LLC, a Nevada limited liability company..

821 North Nellis Boulevard Sold – Marcus & Millichap

North NellisMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of DaVita HealthCare Partners & Select Medical, a 10,541-square foot office property located at 821 North Nellis Boulevard in Las Vegas, NV.  The asset sold for $2,300,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office..

Tina D. Taylor, First Vice President Investments, Ryan McCullough, Associate, and Dustin R. Alvino, Vice President Investments, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Cottages At Tungsten Sold For $560,000.00

Marcus MillichapProperty Name:  Cottages at Tungsten

Buyer (LLC):  N/A

Seller (LLC):  Henderson Apartments LLC and Famid Henderson LLC

Property Description (Tenant, SF, etc.):  The Cottages at Tungsten is an 8-unit, multifamily community located in Henderson, Nevada. The community is located in the heart of downtown Henderson, providing residents easy access to shopping, dining, entertainment, and the city’s core business district

Property Location:   282 Tungsten St, Henderson, NV 89015 -7161

Transaction Value:  $560,000

Agent(s) who represented Buyer:  Marco Walton

Agent(s) who represented Seller:   Marco Walton

Marcus & Millichap Announces Sale Of Lake Sahara Plaza

M&M1Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Lake Sahara Plaza, a 11,508-square foot office property located at 8687 West Sahara Avenue in Las Vegas, Nevada. The asset sold for $1,305,000 according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Tina D. Taylor, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Marcus & Millichap Arranges The Sale Of Shops At Village Square

M&MMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Shops at Village Square, an 8,675-square foot, multi-tenant retail center located at 2291 South Fort Apache Road in Las Vegas, Nevada.  The asset sold for $1,950,000, according to Todd Manning, regional manager of the firm’s Las Vegas office.

Dustin R. Alvino, Senior Associate, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.


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