MOUNTAIN VISTA APARTMENT COMPLEX SELLS FOR $17.75M
On behalf of Haven Realty Capital, Cushman & Wakefield completed the sale of Mountain Vista to an undisclosed buyer for $17.75 million.
Taylor and Carl Sims of Cushman & Wakefield represented the seller. This marks the team’s third time selling the asset.
“This was a great value-add acquisition for the buyer, as 50 percent of the units had been renovated by previous ownership, proving their rent thesis,” Taylor Sims said.
Mountain Vista, a 178-unit apartment complex at 3950 S. Mountain Vista St. is near major commuter freeways, local shopping center, dining venues and minutes from the Las Vegas strip.
Built in 1979, the two-story property features a mix of one-, two- and three-bedroom floor plans. Unit interiors offer walk-in closets, balconies, storage space, and high-speed internet access. The community features a business center, breakfast/coffee concierge, grills, fitness center, laundry facilities, pool and a picnic area.
SILVER CITY PLAZA ON THE STRIP UP FOR SALE
Newmark Knight Frank is bringing Silver City Plaza to market for sale. Expected to garner interest in excess of $60 million, Silver City Plaza is a 100 percent leased retail center on the Las Vegas Strip.
Silver City Plaza is a 41,583-square-foot retail center that features five tenants including: Ross Dress for Less, 7-Eleven, Las Vegas Tickets and Tours and Crazy Ely. Built in 2004, the center features a 40-foot neon monument sign with nearly 250 feet of frontage at the corner of Las Vegas Boulevard and Convention Center Drive.
NKF’s Capital Markets group is exclusively representing the seller, PASSCO Cos. LLC based in Irvine, California.
SALE TRANSACTIONS
• A sale to MCA Equus II LLC. The 357,608-square-foot industrial property is in Equus Business Park at 3400 W. Desert Inn Road and 3230, 3200, 3170, 3140 and 3110, Polaris Avenue and 3401 Sirius Avenue. The transaction value was $42 million. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the buyer.
• A sale to Stag Industrial Holdings LLC. The 80,422-square-foot industrial property is at 4565 Wynn Road and 6460 Arville St. The transaction value was $12.5 million. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Curtis Legacy Properties. Dean Willmore, SIOR; Mike Willmore; and Alex Stanisic of Colliers International represented the buyer.
• A sale to Blue Bay Water Investment Group. The 46,691-square-foot industrial property is in Park West Business Center at 6425 Montessouri St. The transaction value was $7.5 million. Dan Doherty, SIOR; Chris Lane, CCIM; Jerry Doty; and Paul Sweetland, SIOR, of Colliers International represented the seller, Park West RRV LLC.
• A sale to 810 Holdings LLC. The 2.18-acre parcel of improved industrial land with a 2,400-square-foot office building is at 5421 Schirlls St. (APNs: 162-30-601-047 & 049). The transaction value was $3.5 million. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the buyer.
• A sale to Danny Amster. The 11,850-square-foot office property is in Tech Center Court. The transaction value was $1.27 million. Al Twainy, CCIM, and Jennifer Lehr, CCIM, of Colliers International represented the seller, Edwards Nevada Trust.
• A sale to Meyer S.F. Partners L.P. The 1,708-square-foot single lessee NNN Pizza Hut property is at 920 S. Pahrump Valley Blvd. in Pahrump. The transaction value was $1.08 million. David A. Grant of Colliers International represented the buyer.
LEASE TRANSACTIONS
• Reina Wellness signed a 62-month lease for 1,144 square feet of industrial space at 4440 S. Arville St., Suite 31. Matt Feustel of Virtus Commercial represented the lessor, MVB Arville Investments LLC, in the transaction.
• Parmex Distributor LLC signed a 63-month lease for 2,100 square feet of retail space at University Plaza at 1105-1107 E. Tropicana Ave. Matt Feustel of Virtus Commercial represented the lessor, 1083 E. Tropicana Ave. LLC in the transaction.
• GP Glass & Mirror signed a 61-month lease for 1,100 square feet of industrial space at 4490 Delancey Drive, Suite 7. Matt Feustel of Virtus Commercial represented the lessor, Delancey Drive Investments LLC, in the transaction.
• Carmella Larkins and Natalie Shaw signed a 37-month lease for 277 square feet of office space at Spanish Vista Office Park at 4955 S. Durango Drive, Suite 151. Matt Feustel of Virtus Commercial represented the lessor, Wardy Amen III and Traci A, in the transaction.
• Reign Barbershop signed a 62-month lease for 1,100 square feet of retail space at Boulder Marketplace at 6325 E Russell Road, Suite 103. Matt Feustel of Virtus Commercial represented the lessor, Boulder Marketplace LLL, LLC in the transaction.
• A lease to Schenker Inc. The 40,064-square-foot industrial property is in Henderson Commerce Center at 751 W. Warm Springs Road in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessee.
• A lease to By Dzign LLC. The 27,342-square-foot industrial property is in Arroyo North Business Center (Phase I) at 6630 Arroyo Springs St., Suite 300 and 400. Spencer Pinter of Colliers International represented the lessor, EJM Arroyo North I Property LLC.
• A lease to Hot Tub Liquidators Inc. The 26,670-square-foot industrial property is at 1550 Executive Airport Drive in Henderson. Dean Willmore, SIOR; Mike Willmore; and Alex Stanisic of Colliers International represented the lessee.
• A lease to The Fishel Co. The approximately 22,000-square-foot ground lease is at 5480 Stephanie St. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the lessor, Capital Construction LLC.
• A lease to Dolgen Midwest LLC. The 17,042-square-foot retail property is in Dollar General at 5675 S. Rainbow Blvd. Dan Gluhaich of Colliers International represented the lessee and the lessor, Rainbow and Russell LLC.
• A lease to SV-Winzer Holdings LLC. The 16,320-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 10) at 3650 E. Post Road, Suite E. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
• A lease to Kim Chen LLC dba Comprehensive Digestive Institute of Nevada. The 7,222-square-foot medical office property is in Southern Hills Medical Center at 9260 W. Sunset Road. Stacy Scheer, CCIM, of Colliers International represented the lessee.
• A lease to Olympus Peak LLC. The 7,015 square foot industrial property is in Airport Distribution Center at 1889 E. Maule Ave., Suite I. Spencer Pinter of Colliers International represented the lessor, Lincoln Center Properties III LLC.
• A lease to SZ Vape Arizona LLC. The 5,940-square-foot industrial property is in Spencer & Helm Business Center at 1650 Helm Drive, Suite 300. Spencer Pinter of Colliers International represented the lessor, EJM Spencer Helm Property LLC.
• A lease to Prime Line Distributors Inc. The 5,761-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 5) at 3595 E. Patrick Lane, Suite 800. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
• A lease to Ford Audio-Video Systems Inc. The 5,408-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 13) at 6255 S. Sandhill Road, Suite 100. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, KTR LV II LLC.
• A lease to TNT Motorsports LLC. The 5,007-square-foot industrial property is in Eldorado Business Park at 7485 Dean Martin Drive, Suite 109. Dean Willmore, SIOR, and Alex Stanisic of Colliers International represented the lessor, BCI IV Eldorado BP LLC. Mike Willmore of Colliers International represented the lessee.
• A lease renewal to Brockie International Inc. The 4,008-square-foot industrial property is in Civic Center Corporate Park at 3892 Civic Center Drive in North Las Vegas. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and of Colliers International represented the lessor, MCA Civic Center II LLC.
• A lease to James Clark dba Vegas Gracie JJ LLC. The 3,956-square-foot industrial property is in Buffalo Business Park at 7145 S. Buffalo Drive, Suite 130. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; Brian Riffel, SIOR; and Tyler Jones of Colliers International represented the lessor, 7155 S Buffalo Las Vegas 294 LLC.
• A lease to Kareen Yeung Landerville PLLC. The 3,557-square-foot medical office property is in The Parkway at 7455 W. Washington Ave., Suite 375. Andrew Kilduff of Colliers International represented the lessor, SGI Parkway LLC. Stacy Scheer, CCIM, of Colliers International represented the lessee.
• A lease to Smith Scientific LLC. The 2,580-square-foot industrial property is in Patrick Airport Center at 6038 Topaz St., Suite 3. Dean Willmore, SIOR, and Mike Willmore of Colliers International represented the lessor, BKM MAC228 LLC. Alex Stanisic of Colliers International represented the lessee.
• A lease to Ashuur Inc. The approximately 1,630-square-foot retail property is in The Center at Spring Mountain at 3929 Spring Mountain Road. Chris Clifford; Steve Neiger, CCIM; and Brett Rather of Colliers International represented the lessor, Harsch Investment Properties.
• A lease to Essentia Research LLC. The 1,441-square-foot medical office property is in Lake Mead Medical Arts Pavilion at 1815 E. Lake Mead Blvd., Suite 307. Alexia Crowley, CCIM, and Stacy Scheer, CCIM, of Colliers International represented the lessor, Lake Mead Medical Investors Limited Partnership A Florida limited partnership.
• A lease to VersaTile and Stone LLC. The approximately 24,240-square-foot industrial property is in Arville Distribution Center at 5530 S. Arville St., Suite A. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the lessee.
• A lease renewal to West Edna Associates LTD. The 18,743-square-foot industrial space is at 5245 Procyon St. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, JPD Hayward Limited Partnership.
• A sublease to BMB Worldwide LLC. The 5,051-square-foot industrial property is in Patrick Airport Business Center LLC at 3095 E. Patrick Lane, Suite 16. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, EcoPet Waste Systems.
• A lease renewal with Expansion Specialties. The approximately 5,000-square-foot industrial property is at 1201 American Pacific Drive in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, American Pacific LLC.
• A lease to Renters Warehouse Nevada LLC. The 2,918-square-foot office property is in Airport Corporate Center at 376 E. Warm Springs Road, Suite 240. Chris Connell and Grant Traub, SIOR, of Colliers International represented the lessor, Airport CC LLC.
• A lease to Expobadge Inc. The 2,131-square-foot industrial property is in Decatur Bell Commerce Center at 5030 S. Decatur Blvd., Suite D. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the lessor, FJM Vegas Holdings LLC.
• A lease to Boomer Natural Wellness Inc. The 18,215-square-foot office property is in Cheyenne Fairways at 8670 W. Cheyenne Ave., Suite 120, 125 and 220. Steven Haynes; Taber Thill, SIOR; and Patti Dillon, SIOR, of Colliers International represented the lessor, Ali Forootan LLC.
• A lease to HAS Productions Inc. The approximately 9,760-square-foot industrial space is in Nellis Industrial Park at 4415 McGuire St. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada LLC.
• A lease to EVJD Development LLC. The 6,489-square-foot industrial property is in Mojave Airport Center at 6255 S. Mojave Road, Suite A. Dean Willmore, SIOR, and Mike Willmore of Colliers International represented the lessor, BKM MAC 228 LLC. Alex Stanisic of Colliers International represented the lessee.
• A lease to Mad Interiors. The 2,436-square-foot industrial property is in Sandhill Airport Park at 6320 S. Sandhill Road, Suite 10. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the lessor, TheoPacific Las Vegas I LLC. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.
• A lease to Forrest Myers. The approximately 2,580-square-foot industrial property is in Patrick Airport Center at 6038 Topaz St., Suite 2. Dean Willmore, SIOR; Alex Stanisic and Mike Willmore of Colliers International represented the lessor, BKM MAC 228 LLC.
• Gentlemen by Choice Community Development Corp dba Gentlemen by Choice leased approximately 2,800 square feet of retail space at 205 W. Centennial Parkway, Ste 120-130, from Centennial Commerce LLC. Total consideration was $181,128. Managing directors Michael Zobrist and Lauren Tabeek, CCIM, and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.
• Tax Services of America Inc dba Jackson Hewitt leased 1,183 square feet of retail space at 1540 W. Warm Springs Road from Sunstone Bonita LLC. Total consideration was $158,716. Managing directors Michael Zobrist and Lauren Tabeek, CCIM, of Newmark Knight Frank represented the lessor in the transaction.
• Rameshwar LLC dba D’s Smoke Shop & Gifts leased 1,303 square feet of retail spaceat 6415 S. Fort Apache Road, Ste 115, from LP Holdings 6415 LLC. Total consideration was $160,269. Managing directors Michael Zobrist and Lauren Tabeek, CCIM, of Newmark Knight Frank represented the lessor in the transaction.
