January 25, 2017
Marcus & Millichap announced the sale of Taco Bell, a 2,334-square foot net-leased property located 3221 N Rancho Dr. in Las Vegas, NV. The asset sold for $1,925,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.
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, a private investor. There were immediate multiple offers and sold over list price to an exchange Buyer from California.
January 22, 2017
California-based Get a Haircut, a classic men’s barber shop that combines classic hair cuts with classic rock n’ roll, is now open at The Promenade at Juhl, the 20,000-square-foot ground-level retail component at Juhl, a 344-residence, multi-building community that spans an entire city block in downtown Las Vegas. The Promenade at Juhl officially opened in November and is bringing critically needed retail and services to an underserved area of downtown.
“We are delighted to welcome Get a Haircut to Las Vegas and The Promenade at Juhl,” said Uri Vaknin, a partner at KRE Capital LLC, whose company, in partnership with Dune Real Estate Partners, purchased Juhl in 2013 as DK Las Vegas. “This is a fun, hip place that has done very well in California, and we expect it to be equally popular here. While downtown Las Vegas has great beauty lounges like Bombshell, Get a Haircut fills a void by bringing a quality and reputable men’s hair salon to the area. Now all the attorneys and other professionals who work in the area have a great place to get their hair cut.”
Get a Haircut joins other retailers already open at The Promenade at Juhl, including:
- Greens & Proteins –A modern, family friendly café serving breakfast, lunch and dinner, featuring a menu full of healthy comfort foods, vegan, raw and vegetarian options and a smoothie and fresh juice bar.
- Le Pho – The recently opened Vietnamese kitchen at Promenade at Juhl specializes in fast, fresh and simple dishes by owner Chef Khai Vu.
- Classic Jewel - The cocktail lounge Classic Jewel serves up drink options that pay homage to Vegas of yesteryear. The bar is owned by a team of friends, three who live at Juhl.
- A/V Boutique & Downtown Décor – A/V Boutique specializes in home theater retail and design, catering to young professionals. Downtown Decor is a place to purchase eclectic and esoteric home furnishings and décor. Owners Tammy Gerlach and John Marshall, are Juhl residents.
- JAECI – A jewelry store owned and operated by Jenna Consiglio, a lifelong Las Vegan who moved to Juhl three years ago.
- Galerie Miscre8 – Tanya Michelle, street artist and owner of Galerie Miscre8 and Lil Art Bodega, the urban gallery and supply store that combines street art with fine art, has made her personal and professional home at Juhl for three years.
- The Corner Market, a community convenience store is planned to open in 2017.
January 12, 2017
LMD LLC, AKA Agora Realty and Management purchased a 100,831 SF retail property located at 1941 N. Decatur Boulevard in Las Vegas. Anchored by Smart & Final Extra, the property closed for $10.25 million. Daniel Adamson, with R.O.I. Commercial Real Estate represented the buyer and seller.
December 29, 2016
RPV Enterprises, Inc dba Bogarts Bone Appetit leased 4,800 square feet of retail space for 62 months at 245 N. Stephanie St., Ste. C-F, from Roxbury Advisors, LLC. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction.
BEKK Partners dba A Beautiful Bouquet leased 1,400 square feet of retail space for 60 months at 217 N. Stephanie St., Ste. C, from Roxbury Advisors, LLC. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction.
December 13, 2016
CBRE announces today the sale of a vacant building formerly occupied by Fresh & Easy located at 9350 W. Lake Mead Blvd, Las Vegas, NV 89134. Charles Moore, CSM, and Marlene Fujita-Winkel, of CBRE’s Las Vegas office represented the seller, Jefferson-Pilot Investments, Inc., in the $1,825,000 transaction encompassing 15,143 square feet. The buyer, Lake Webb Plaza, LLC, did not have broker representation.
“The former Fresh and Easy locations are well situated in desirable neighborhoods, making them attractive to retail operators,” said Fujita-Winkel. “This is the third transaction we’ve completed for a former Fresh and Easy location this year.”
CBRE is the world’s largest full service commercial real estate services and investment firm with 110 employees in Las Vegas. Michael Newman serves as the managing director for the Las Vegas office for CBRE and as the industrial practice leader for the firm’s Southwest Region. CBRE’s Las Vegas office is located at 3993 Howard Hughes Parkway, Suite 700, Las Vegas, NV
December 6, 2016
KELCOL, LLC sold 12,250 square feet of retail space at 5410-5420 Spring Mountain Rd., to LV SM Investments, LLC. Total consideration was $1,950,000.00 or $159.18/SF. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the seller in the transaction.
November 23, 2016
RCC Holdings, LLC/Primera leased 2,800 SF of retail space located at 6275 S. Rainbow Boulevard in Las Vegas. The total value of the transaction was $130,473.27. Paul Chaffee, Wil Chaffee, Jodi Gilbert and Dylan Weber of Sun Commercial Real Estate, Inc. represented the Tenant, RCC Holdings LLC/Primera and Lisa Chasteen of LaPour represented the Landlord, Rainbow Post, LLC.
November 22, 2016
The Boone Youn Family Trust purchased the Enterprise Rent-A-Car, a 1,797-square foot net-leased property located at 3401 West Sahara Avenue in Las Vegas, NV. The asset sold for $965,000. Dustin R. Alvino, a Senior Associate in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, The Edwin B Gould 1990 Trust. The buyer, a private investor, was secured and represented by Alvino as well.
November 21, 2016
Norm’s LLC leased 2,000 SF of retail space located at 3945 S. Durango Drive, Ste. A1, in Las Vegas. The total value of the transaction was $238,296.59. Michael Brazill of Sun Commercial Real Estate, Inc. represented the Tenant, Norm’s LLC.
November 17, 2016
Domino’s Pizza, LLC leased 2,394 square feet of retail space for 120 months at 4604 W. Sahara Ave, Ste 1-2, from Sahara 3D, LLC. Total consideration was $520,575.30. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction.