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DEAL WATCH: 351 acres of land sell for $44.75M

Updated April 6, 2021 - 1:47 pm

COMPLETED SALES TRANSACTIONS

Kevin Higgins, SIOR, and Garret Toft, SIOR, of CBRE Inc. represented the buyer, VTRE Development LLC in the purchase of 351 acres of vacant industrial land at Interstate 15 and N. Las Vegas Blvd. for $44,750,000.

• The 59,281-square-foot industrial property is in Craig Business Center at 3853 and 3873 E. Craig Road in North Las Vegas. The transaction value was $7,400,000. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the seller, Craig Business Park, LLC.

• The sale of a six-building office investment comprised of 50,754 square feet within the Longford Plaza business park. The total value of the transaction was $5,685,000. Cathy Jones, CPA, SIOR, CCIM; Paul Miachika; Alexandria Malone; and Karim Chatoor of Sun Commercial Real Estate Inc. represented the seller, Brentwood West LLC, Ladawan Trust No. 2 U/D/T dated Aug. 31, 2015, MKN LLC.

• The sale of a multifamily complex comprised of 40 units totaling 31,192 square feet at 1720 Rexford Drive. The total value of the transaction was $3,600,000. Cathy Jones, CPA, SIOR, CCIM; Paul Miachika; Alexandria Malone; and Karim Chatoor of Sun Commercial Real Estate Inc. represented the seller, Rexford Investment LLC.

• The 3.80-acre parcel is at the SWC of Chaparral Road and E. Dale Avenue (APN No. 191-10-301-005, 006, 007 & 008) in Henderson. The transaction value was $2,425,000. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the purchaser, VJP Nevada Inc.

• Dapper Cos., headed by local real estate developer J Dapper, has announced the sale of a property at 5070 Blue Diamond Road for $2,410,036. The property includes a free-standing 2,915-square-foot Sharky’s Woodfired Mexican Grill that was built in 2018. The seller was listed as Ten15 Blue Diamond & Decatur and the buyer was LDR Partners. The deal closed April 1. The broker for the sellers were J Dapper and Andrea Santanna of Dapper Cos.

• The 17,410-square-foot specialty property is at 1780 Betty Lane. The transaction value was $2,150,000. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the purchaser, Building Home Betty Lane LLC.

• The sale of an office building comprised of 14,065 square feet is at 1901-1903 S. Jones Blvd. The total value of the transaction was $1,870,650. Cathy Jones, CPA, SIOR, CCIM; Paul Miachika; Alexandria Malone; and Karim Chatoor of Sun Commercial Real Estate Inc. represented the seller, Yaron Zedek.

• The sale of an office building comprised of 8,505 square feet is at 3057 E. Warm Springs Road. The total value of the transaction was $1,460,400. Cathy Jones, CPA, SIOR, CCIM; Paul Miachika; Alexandria Malone; and Karim Chatoor of Sun Commercial Real Estate Inc. represented the seller, Brentwood West LLC.

• The sale of an office building comprised of 6,928 square feet at 3047 E. Warm Springs Road. The total value of the transaction was $1,189,600. Cathy Jones, CPA, SIOR, CCIM; Paul Miachika; Alexandria Malone; and Karim Chatoor of Sun Commercial Real Estate Inc. represented the seller, Brentwood West LLC.

• The sale of a former restaurant comprised of 2,207 square feet is at 1208 Boulder City Parkway in Boulder City. The total value of the transaction was $750,000. Eric Rogosch and Jason Park of Sun Commercial Real Estate Inc. represented the seller, Las Vegas Pizza LLC.

• The sale of an industrial unit comprised of 2,544 square feet is at 4071 Silvestri Lane, Unit B-3. The total value of the transaction was $592,400. Michael Brazill of Sun Commercial Real Estate Inc. represented the buyer, Square Foot Printing LLC.

COMPLETED LEASE TRANSACTIONS

• The lease to Scooter’s Coffee comprised of 544 square feet is at 6543 S. Decatur Blvd. The total value of the transaction was $568,333.34. Eric Rogosch and Jason Park of Sun Commercial Real Estate Inc. represented the tenant.

• The lease to David A Winterton & Associates comprised of 2,118 square feet is at 7881 W. Charleston Blvd., Suite 220. The total value of the transaction was $149,633.95. Pete Janemark, CCIM, and Travis Laub of Sun Commercial Real Estate, Inc. represented the landlord, Howe Family LP.

• The lease to Better Building Systems comprised of 2,000 square feet is at 150 N. Durango Drive, Suite 280. The total value of the transaction was $122,400.00. Pete Janemark, CCIM, and Travis Laub of Sun Commercial Real Estate Inc. represented the landlord, Associated General Contractors Las Vegas Chapter.

• The lease to Erik Charles Simonis Agency comprised of 1,600 square feet is at 6370 W. Flamingo Road, Suite 8-9. The total value of the transaction was $72,920. Eric Rogosch and Jason Park of Sun Commercial Real Estate Inc. represented the landlord, Phoenix Plaza Holdings LLC.

• The lease to Nikki Diamond Décor comprised of 784 square feet is at 7008 W. Charleston Blvd. The total value of the transaction was $72,912. Eric Rogosch and Jason Park of Sun Commercial Real Estate Inc. represented the landlord, Gilday Donald S IRR Family Trust.

• Campione D’Italia Foods LLC renewed its lease of approximately 16,773 square feet of industrial space in Hughes Airport Center at 1151 Grier Drive. Jake Higgins of CBRE represented the landlord.

• A sublease to MKS Services LLC. The 21,590-square-foot industrial property is in Cheyenne Distribution Center at 2875 N. Lamb Blvd., Suite 14 & 15. Kimberly Noack-Summers and Travis and Warren Noack of RealComm Advisors represented the tenant.

• A lease renewal/expansion to Sun City Replacement Windows LLC. The 14,789-square-foot industrial property is in Westech Business Center II at 5175 W. Diablo Drive, Suite 109 and 110. Greg Pancirov, SIOR, and Mike De Lew of RealComm Advisors represented the landlord, Cable Investments-Diablo LP.

• A lease to Blue Group Distribution LLC. The 13,432-square-foot industrial property is in Suncrest Commerce Center at 1051 Mary Crest Road, Suite A, in Henderson. Greg Pancirov, SIOR, of RealComm Advisors represented the landlord, Suncrest Industrial LLC; and Mike De Lew, SIOR, of RealComm Advisors represented the tenant.

• A lease renewal to Dana Kepner Co. LLC. The 12,605-square-foot industrial property is in Koll Am Pac Industrial Park at 180 Cassia Way, Suites 500, 501 and 504, in Henderson. Jennifer Levine, CCIM, and Elizabeth Moore of RealComm Advisors represented the landlord, Am Pac Industrial Park LLC.

• A lease to TCB Group LLC. The 12,000-square-foot industrial property is in Suncrest Commerce Center at 1051 Mary Crest Road, Suite H, in Henderson. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the landlord, Suncrest Industrial LLC.

• A sublease to Better 4 You Breakfast Inc. The 7,064-square-foot industrial property is in Arrowhead Commerce Center at 6155 S. Sandhill Road, Suite 400. Jennifer Levine, CCIM, and Elizabeth Moore of RealComm Advisors represented the sublandlord, Pure Essence Laboratories.

• A lease to TSI Tower Services Inc. The 6,000-square-foot industrial property is in Runway Park at 5977 McLeod Drive. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the landlord, SFC Leasing LP.

• A lease renewal to TuneGo Inc. The 5,371-square-foot office property is in McCarran Center at 770 E. Warm Springs Road, Suite 100. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the tenant.

• A lease to Perfect Home Construction LLC. The 3,360-square-foot industrial property is in Decatur Crossing III at 4775 W. Teco Ave., Suite 105. Greg Pancirov, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the landlord, DC3 LLC.

• A lease to Joan Davis Enterprises LLC. The 2,660-square-foot industrial property is in Mary Crest Business Park at 1111 Mary Crest Road, Suite D, in Henderson. Greg Pancirov, SIOR, and Mike De Lew, SIOR. of RealComm Advisors represented the landlord, Mary Crest Business Park LLC.

• A lease renewal to Olsen Gaming Inc. The 2,492-square-foot industrial property is in Koll Am Pac Industrial Park at 921 American Pacific Drive, Suite 303-304, in Henderson. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Am Pac Industrial Park LLC.

• A lease to Live Electric Inc. The 2,221-square-foot industrial property is in Brookhollow Cameron West Industrial Park at 4175 Cameron St., Suite 4. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Cameron Industrial Park LLC.

• A lease renewal to Expo Data Capture Inc. The 1,952-square-foot industrial property is in The Palms at Green Valley Business Park at 8 Sunset Way, Suite A104, in Henderson. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Washington Street Development LLC.

• A lease expansion to Married in Vegas LLC. The 1,511-square-foot office property is at 316 E. Bridger Ave., Suite 201. Bob Hawkins of RealComm Advisors represented the landlord, Aphrodite Holdings LLC.

• A lease to Renewable Investing LLC. The 1,378-square-foot office property is in Canyon Plaza at 7945 W. Sahara Ave., Suite 207. Bob Hawkins of RealComm Advisors represented the landlord, Winner Properties LLC.

• A lease to Grace Lumang Inc. The 1,100-square-foot office property is in Canyon Plaza at 7955 W. Sahara Ave., Suite 102. Bob Hawkins of RealComm Advisors represented the landlord, Winner Properties LLC.

• Lenox Industries Inc. leased approximately 11,094 square feet of industrial space in Silverado Business Park at 4168 N. Pecos Road. Sean Zaher of CBRE represented the landlord.

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