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DEAL WATCH: La Esperanza Apartments sells for $4.5M

La Esperanza Apartments sells for $4.5M

Devin Lee, CCIM; Robin Willett; Jerad Roberts; and Jason Dittenber of Northcap Multifamily have announced the recent sale of La Esperanza Apartments for $4,508,000 ($62,611/unit). This sale consisted of 72 multifamily units built in 1962. The complex is at 900 to 1208 E. Carey Ave. in North Las Vegas. This multiple parcel assemblage assemblage required simultaneous closing of five separate escrows. The purchaser of this value-add opportunity plans extensive renovations to the property. This transaction closed June 20. Northcap Multifamily represented the seller (Tayla Family Trust & Miklos Steuer Trusts) as well as the buyer (La Esperanza, LLC) in this off-market transaction.

COMPLETED SALES TRANSACTIONS

• A sale to Marks Garage One LLC. The 35,440-square-foot car dealership is leased on a long-term basis to AutoNation Honda and is at 1700 & 1710 E. Sahara Ave. The transaction value was $14,500,000. Grant Traub and Chris Connell of Colliers International represented the seller, Jay Kim. Mike Mixer, SIOR, of Colliers Internationalrepresented the buyer.

• A sale to Marks Garage One LLC. The Commons at Seven Hills, a 26,426-square-foot multi-lessee retail center, at 835 & 855 Seven Hills Drive in Henderson. The transaction value was $9,100,000. David Grant, Grant Traub and Chris Connell of Colliers International represented the seller, DM Sorrento II LLC. Mike Mixer, SIOR, of Colliers International represented the buyer.

Zac Zaher of CBRE, Inc. represented the seller in the sale of a 6,800-square-foot industrial building at 2041 Pabco Road to McBeath Holdings LLC for $874,000.

• A sale to Sage Baron LLC. The approximately 8,000-square-foot industrial property is at 2545 W. Cheyenne Ave. in North Las Vegas. The transaction value was $825,000. Al Twainy, CCIM, and Amelia Henry of Colliers International represented the seller, Robin International 2013.

Sean Zaher of CBRE Inc. represented the seller in the sale of a 6,347-square-foot industrial building at 2729 N. Lamb Blvd. to Beverage Excellence LLC for $555,000.

• A sale to Ben Hajdun. The approximately 13,500-square-foot industrial property is at 4460 E. Cheyenne Ave. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the seller, William J. Markowitz.

• A sale to Silver State Marketing Group LLC. The 6,948-square-foot industrial property is in Teco Industrial Park at 4185 W. Teco Road. Dan Doherty, SIOR; Paul Sweetland; SIOR, Chris Lane; Jerry Doty; and David Grant of Colliers International represented the seller, Tech Art Properties LTD. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the buyer.

• A sale to Magic Group Inc. The 5,780-square-foot industrial property is in Silverado Industrial Road at 4820 W. University Ave. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the seller, Patrick A Bolino.

COMPLETED LEASE TRANSACTIONS

• Brixton Capital signed lease deals with Sprouts Farmers Market and Del Taco at its 358,632-square-foot Rainbow Plaza shopping center at 861 South Rainbow Blvd.

Sprouts Farmers Market will occupy approximately 30,000 square feet of space, taking up a portion of a former JCPenney’s box space. Construction is slated to begin soon.

Del Taco has started construction on a drive-through restaurant occupying approximately 2,400 square feet of space on the corner of South Rainbow and Alta Drive, located at the north end of Rainbow Plaza.

ROI Commercial Real Estate represented both tenants and landlord in the transactions. Brian Sorrentino represented Sprouts, Todd Boyer and Sorrentino represented Del Taco and Jennifer Ott represented Brixton Capital.

• A lease to Desiccare Inc. The 40,320-square-foot industrial property is in Blue Diamond Business Center, Building 6 at 3930 W. Windmill Lane. Dan Doherty, SIOR; Dean Willmore, SIOR; Paul Sweetland, SIOR; and Jerry Doty of Colliers International represented the lessor, Blue Diamond Business Center — Building 6 LLC. Chris Lane of Colliers International represented the lessee.

• A lease to Gold Star Insulation Limited Partnership. The 15,350-square-foot industrial property is in Arroyo North Business Center (Phase I) at 6630 Arroyo Springs St., Suite 700. Spencer Pinter of Colliers International represented the lessee and the lessor, EJM Arroyo North I Property LLC.

• A lease to Parnell Electric LLC. The 5,350-square-foot industrial property is in Sierra Business Center at 4364 E. Craig Road, Suite 110. Dean Willmore, SIOR of Colliers International, represented lessor, Craig and Lamb LLC. Mike Willmore of Colliers International represented lessee.

• A lease to Biomet West Inc. The approximately 5,000-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 7) at 6295 S. Pearl St., Suite 600. Spencer Pinter; Dan Doherty, SIOR; Chris Lane; and Jerry Doty of Colliers International represented lessor, KTR LV IV LLC.

• A lease to Granite Auto Grooming Inc. The 4,927-square-foot industrial property is at 5032 W. Post Road. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessor, Dean & Penny Brunner 1985 Trust.

• A sublease to BBC Group NV LLC. The 3,469-square-foot retail property is at 9595 W. Tropicana Ave. Al Twainy, CCIM, and Amelia Henry of Colliers International represented the sublessor, MD Nevada LLC.

• A lease to Craft Haus Brewery. The 1,723-square-foot retail property is in California Loft at 197 E. California Ave., Retail Area B. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

• Texas Meltz LLC dba Texas Meltz leased 1,374 square feet of retail space at 4604 W. Sahara Ave., Ste 6 from Sahara 3-D LLC. Total consideration was $202,404. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

• Moria Development Inc dba People’s Mortgage Co. leased 1,400 square feet of retail space at 205 W. Centennial Parkway, Ste 110, from Centennial Commerce LLC. Total consideration was $105,840. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

• A lease to Pride Mobility Products Corp. The 97,411-square-foot industrial property is in Las Vegas Corporate Center, No. 18 at 3200 E. Gowan Road in North Las Vegas. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 ; Nevada.

• A lease to InProduction Inc. The approximately 39,000-square-foot industrial property is in Craig Distribution Center II at 4340 N. Lamb Blvd., Suite 120/130. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessor, CDC RRV LLC.

• A lease to Walker& Zanger Inc. The 15,520-square-foot industrial property is in Cameron Industrial Center at 4701 Cameron St., Suite P. Spencer Pinter of Colliers International represented the lessee.

• A lease to Nick’s Exhibit Service Inc. The 10,745-square-foot industrial property is in Prologis Cheyenne Distribution Center at 2875 N. Lamb Blvd., Suite 7 in North Las Vegas. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessee.

• A lease to Vardan Berberyan. The 1,025-square-foot retail property is in Pine Plaza Retail at 6015 S. Fort Apache Road, Suite 140. Al Twainy, CCIM, and Amelia Henry of Colliers International represented the lessor, Pine Plaza Retail L.P.

• A lease to Firehouse Subs. The 9-acre retail property is in Silverton Village at 8239 Dean Martin Drive, Suite A. Pat McNaught of Colliers International represented the lessor, Majestic Enterprise Holdings. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

• A lease to Knoah Solutions Inc. The 25,211-square-foot office property is at 6320 S. Pecos Road. Andrew Kilduff of Colliers International represented the lessor, C-2 Development LLC. Taber Thill, SIOR; and Patti Dillon, SIOR, of Colliers International represented the lessee.

• A lease to Dance Addiction. The approximately 7,200-square-foot retail property is in Horizon Town Center at 1331 S. Boulder Highway, Suite 100 in Henderson. Scot Marker of Colliers International represented the lessor, CIII Asset Management.

• A lease to Empire Today LLC. The 7,064-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 11) at 6155 S. Sandhill Road, Suite 500. Spencer Pinter; Dan Doherty, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.

• A lease to Cory F. and Laura A. Ayers. The 3,168-square-foot industrial property is in Cameron Hacienda at 5340 Cameron St., Suite 17-19. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, VTT- Cameron Properties LLC.

• A lease to Egos Custom Apparel LLC. The 2,763-square-foot industrial property is in PACE Commerce Center at 4487 Reno Ave. Dean Willmore, SIOR, and Mike Willmore of Colliers International represented the lessor, FJM Vegas Holdings LLC.

• A lease to Synergy Security Inc. The 831-square-foot office is in Scottsdale Plaza at 8870 S. Maryland Parkway, Suite 120. Chris Connell and Grant Traub of Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.

• A lease to Atomic Worker Claims NTS LLC. The 811-square-foot office property is in Flamingo Grand Plaza at 1050 E. Flamingo Road, Suite W-152. Chris Connell and Grant Traub of Colliers International represented the lessor, FKC Flamingo LLC.

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