Local La Quinta Inn sells for $17.5M
Marcus & Millichap has announced the sale of La Quinta Inn & Suites Las Vegas Airport South, a 140-room hospitality property. The asset sold for $17,500,000.
Marcus Threats, CCIM, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor. Marcus also represented the buyer, who was a single tenant investor.
COMPLETED SALE TRANSACTIONS
• A sale to BACIO LLC. The 22,750-square-foot industrial property is in Craig Corporate Park at 4620 Calimesa St. The transaction value was $2,661,750.
Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane and Jerry Doty of Colliers International represented the seller, NLV Sagebrush LLC.
• A sale to Dent II LLC. The 5,892-square-foot industrial property is at 8715 Lindell Road, unit 100. The transaction value was $835,000. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane and Jerry Doty of Colliers International represented the buyer.
• A sale to 7336 W. Post Suite 102 LLC. The 1,721-square-foot office property is in The Square at 7336 W. Post Road, unit 2. The transaction value was $361,410. Brian Riffel, SIOR; Chris Connell, Grant Traub and Tyler Jones of Colliers International represented the seller, Professional Warehouse Office Condos.
COMPLETED LEASE TRANSACTIONS
• A lease to Hand Air Express LLC. The 271,616-square-foot industrial property is in Sunrise Industrial Park, No. 5, at 2861 Marion Drive, unit A-C. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane and Jerry Doty of Colliers International represented the lessor, Prologis NA3 NV LLC.
• A lease to Times Up, dba H & H Enterprises. The 74,882-square-foot industrial property in Marnell Airport Center at 1965 E. Russell Road, Suite 301. Mike DeLew, SIOR; and Greg Pancirov, SIOR; of Colliers International represented the lessor, MAC One LLC.
• A lease to Fabrication Technologies Inc. The 10,176-square-foot industrial property is in Eldorado Business Park at 7465 Dean Martin Drive, Suite 101-102. Dean Willmore, SIOR; of Colliers International represented the lessor, TLF Logistics II Eldorado Business Center.
• A lease to Iglesia Cristiana Salem Tierra. The 6,186-square-foot office property is at 600 S. Rancho Drive, Suite 103-A and 103-B. Alexia Crowley, CCIM, of Colliers International represented the lessor, B K L P Nevada.
• A lease to Dewey International & Green LED Lighting Solutions LLC. The 5,825-square-foot industrial property is in Pacific Business Center at 1075 American Pacific Drive, Suite A in Henderson. Mike DeLew, SIOR; and Greg Pancirov, SIOR, of Colliers International represented the lessee.
• A lease to Quality Stone LLC. The 5,213-square-foot industrial property is at 4304 E. Alexander Road. Mike DeLew, SIOR, and Greg Pancirov, SIOR, of Colliers International represented the lessor, Jeffrey and Kimberlee Sylvester Revocable Living Trust.
• A lease to Dicolor USA Inc. The 4,000-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 3) at 3550 E. Post Road, Suite 400. Spencer
Pinter; Dan Doherty, SIOR; Chris Lane; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
• A lease to Inateck Technology Inc. The 3,876-square-foot industrial property is in Patrick Airport Center at 2700 E. Patrick Lane, Suite 9-10. Mike DeLew, SIOR; Greg Pancirov, SIOR; and Dean Willmore, SIOR, of Colliers International represented the lessor, BHT LLC.
• A lease to Robert Allard. The 2,800-square-foot industrial property is in Patrick Airport Center at 2710 E. Patrick Lane, Suite 3. Mike DeLew, SIOR; GregPancirov, SIOR; Dean Willmore, SIOR; and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick & Mojave LLC.
• A lease to California Closets. The 2,631-square-foot industrial property is in Eldorado Business Park at 7465 Dean Martin Drive, Suite 103. Dean Willmore, SIOR, of Colliers International represented the lessor, Michael Kors Retail Inc.
• A lease to Centurion Discovery LLC. The 1,250-square-foot office property is at 7241 W. Sahara Ave. Teddie Hickey; Ryan Martin, CCIM, SIOR; Taber Thill, SIOR; and Patti Dillon, SIOR, of Colliers International represented the lessee.
• Jacqueline Young and Liz Clare, CCIM, of Avison Young represented both sides in the 120-month, 3,000-square-foot retail lease at 4343 N. Rancho Drive from 4343 N. Rancho Drive LLC to Five Star Gaming Inc. The total value of the transaction was $960,600.