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Category – Retail

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

 

 

 

Virtus Commercial Continues Summer Activity

VirtusOasis Italian Restaurant has leased approximately 2,400 SF of retail space at Sunridge Village Plaza, located at 10960 S. Eastern Ave. Ste. 107, in Henderson.  Gary Beck & Jeff Antalik of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Kwang Ha LLC.

 

 

Mr. Janitorial has leased approximately 1,600 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 27 & 29, in Las Vegas.  Gary Beck of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Desert Inn Square LLC.

 

 

Opulence by Guigui has leased approximately 800 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 10, in Las Vegas.  Gary Beck of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Desert Inn Square LLC.

 

 

Watermill Express, LLC has renewed their lease at Pecos Russell Plaza, located at 3380 E. Russell Rd., in Las Vegas.  Chris Emanuel and Gina O’Neil of Virtus Commercial represented both the Lessee and the Lessor, 3380 Partners.

 

 

Winie Nodarsegomez has leased approximately 325 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 470B, in Las Vegas.  Gary Beck of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, 1785 Office Center, LLC.

California Investor Buys El Pollo Loco Property

2375 saharaBonanni Holdings Nevada LLC , an all cash private investor from California purchased El Pollo Loco, a 2,655-square foot net-leased property located at 2375 East Sahara Avenue in Las Vegas, Nevada. The asset sold for $2,100,000.

Tina D. Taylor, an investment specialist in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the Seller, Oakmont West, LLC.  The buyer was an all-cash private investor from California.

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.”

Virtus Commercial Recent Transactions Across The Region

Valley View BusinessLocate Holdings, Inc has leased approximately 1,920 SF of industrial space at Valley View Business Center, located at 6280 S. Valley View Blvd. Ste. 614, in Las Vegas.  Theresa Vinuya with Heller Companies represented the Lessor, York Nevada Management, LLC II and Matt Feustel of Virtus Commercial represented the Lessee.

 

 

 

 

 

Copper PointeIglesias Bautista La Senda has leased approximately 1,475 SF of office space at Copper Pointe, located at 4510 S. Eastern Ave. Ste. 1, in Las Vegas.  Jakke Farley of Virtus Commercial represented the Lessor, Murphy Family Trust.

 

 

 

 

 

arville industrialEC Supplies, LLC and Premium Granite, LLC has leased approximately 2,280 SF of industrial space at Arville Industrial Park, located at 4560 S. Arville St., in Las Vegas.  David Burns of Commercial Specialists represented the Lessor, 4520 Orville and McKinley Manor and Erick Ramirez of Virtus Commercial represented the Lessee.

 

 

 

 

 

Buffalo AltaSameer Z. Israel has leased approximately 1,498 SF of retail space at Buffalo Alta Center, located at 450 S. Buffalo Dr. Ste. 112, in Las Vegas.  Jackie Zlatanovski of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Buffalo Alta Center, LLC.

 

 

 

 

 

 

 

Century ParkRobinson Law Group, CHTD has leased approximately 1,025 SF of office space at Century Park, located at 1771 E. Flamingo Rd. Ste. B120, in Las Vegas.  Brian Antflick of Era Brokers Consolidated – Gladstein Group, represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Flamingo Spencer Garden LLC.

Don’t Miss Your Class On Evolution – NAIOP Breakfast August 17th

NAIOP Cautious Optimism for Recovery in 2013What: NAIOP Southern Nevada presents “The Evolution of Retail.” The breakfast meeting is sponsored by Cox Business and features a panel of local experts.

NAIOP Southern Nevada is also hosting a Back-to-School Supplies Drive to collect school supplies and monetary donations for Howard H. Hollingsworth Elementary School. Items requested include wide-ruled spiral notebooks, glue sticks, pencils, crayons, washable markers rulers, and other school supplies. Additionally, ties and gently used business attire are still being collected in August to benefit Communities In Schools.

NAIOP Southern Nevada provides educational and informative programs during its monthly member meetings on topics relevant to the commercial real estate development industry. Year-round, NAIOP Southern Nevada hosts mixers and educational programs for its members and potential members. To register or for more information, call (702) 798-7194 or visit www.naiopnv.org.

When: Thursday, Aug. 17

Registration, networking and refreshments begin at 7 a.m., followed by the program from 7:30-8:45 a.m.

Where:The Orleans Hotel & Casino, 4500 W. Tropicana Avenue, 2nd Floor convention area, Las Vegas, Nevada 89103

Who: Dan Hubbard, Cushman & Wakefield, agency leasing broker

Mitch Ogron, local developer, retail pad and multi-tenant properties

Frank Volk, RFK Retail Holdings, developer, Las Vegas Strip Retail update

Adam Malan, Logic Commercial Real Estate, moderator

Michael Zobrist and Nelson Tressler Add New Retail On Sahara

Newmark LogoFaviola Trujillo dba Gama Bakery leased 3,333 square feet of retail space at 4750 W. Sahara Ave, Ste 25-27., from Sahara 3D, LLC. Total consideration was $230,815.56. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

Creative Foam Corporation dba Streaming Media Sales & Consulting leased 1,438 square feet of retail space at 4760 W. Sahara Ave. Ste 5 from Sahara 3D, LLC. Total consideration was $111,620.96. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

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.


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