Monthly Archives: March 2013

The Plazas Purchased for $975,000 in Short Sale

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Rutt and Puoy Premsrirut bought the 35-year-old, 20,766-square-foot The Plazas at 4535 W. Sahara Ave. in Las Vegas for $975,000, or $47-per-square-foot, in a short-sale approved by Bank of America. Marcus & Millichap’s Tina D. Taylor represented the seller; Marcus & Millichap’s Candace Carrell and Ray Germain represented the buyer.

R Fish & Veggies Signs $285,592 Industrial Lease

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R Fish & Veggies LLC signed 65-month, $285,592 lease for 13,131 square feet of industrial space at 4612 Industry Center Drive, on 0.73 acres, in North Las Vegas. Colliers International’s Dean Willmore represented the lessee; Newmark Grubb Knight Frank’s Kara Walker represented the lessor, Farmer Brothers Coffee. The reported average rent equals 33 cents per… Read more »

HD Construction Supply Signs Lease Renewal

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HD Construction Supply signed a 3-year, $311,815 lease renewal for 29,133 square feet inside an 18-year-old, 104,880-square-foot industrial building, on 5 acres, at 4171 Distribution Circle, Suite 107, in North Las Vegas. CB Richard Ellis’ Sholanda Hughes represented the lessee; Colliers International’s Dan Doherty and Chris Lane represented the lessor, PAR Industrial LLC. The reported… Read more »

Majestic Runway Center Signs $784,368 Lease

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Event Service & Supply signed a 3-year $784,368 lease for 62,250 square feet of industrial space inside the 11-year-old Majestic Runway Center, on 14.8 acres, at 3455 W. Sunset Road, Suite F & K, in Las Vegas. Colliers International’s Pat Marsh and David Frear represented the lessor, Freeman Decorating Services. The reported average rent equals… Read more »

Nellis Auto Service Building Sold for $400,000

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Jose Roberto Gonzalez bought a 37-year-old, 3,800-square-foot auto service building, on 0.45 acres, at 700 N. Nellis Blvd. in Las Vegas for $400,000, or $105-per-square-foot, from The Estate of Heather Bobenhausen.  Colliers International’s Grant Traub represented the seller; Nevada Land Commercial Real Estate’s Alberto Jauregui represented the buyer.

World TM Taewondo Signs 5-Year Lease

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World TM Taewondo signed a 5-year $115,000 lease for 1,840 square feet of retail space inside Parkway Springs Plaza at 2263 N. Green Valley Parkway in Henderson. Colliers International’s David Grant represented the lessor, Warmsprings Center Ltd. The reported average rent equals $1.04 per square foot.

Koll Business Center Signs 3-Year Tenant Lease

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Bulbtronics Inc. signed a 3-year $85,128 lease for 4,330 square feet of industrial space inside Koll Business Center, on 40 aces, at 6185 S. Valley View Blvd., Suite O, in Las Vegas. Cactus Commercial Real Estate’s Wayne Yeoman represented the lessee; Colliers International’s Spencer Pinter represented the lessor, Valley View IV LLC. The reported average… Read more »

Chapman Racing Signs 3-Year Speedway Lease

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Chapman Racing Engines signed a 3-year, $66,296 lease for 3,775 square feet of industrial space inside Speedway Commerce Center II at 6969 Speedway Blvd., Suite 109, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services. The reported average rent equals 49 cents per square foot.

Speedway Sports Cars Signs 1-Year Lease

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Speedway Sports Cars LLC signed a 1-year, $19,097 lease for 5,067 square feet of industrial space inside Speedway Commerce Center at 6867 Speedway Blvd., Suite R-101, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services. The reported average rent equals 31 cents per square foot.

Speedway Commerce Center II Adds New Tenant

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Strobel Motorsports LLC signed a 2-year $46,068 lease for 6,046 square feet of industrial space inside Speedway Commerce Center II at 6160 N. Hollywood Blvd., Suite 102, in Las Vegas. Newmark Grubb Knight Frank’s Kara Walker represented the lessee; NAI Las Vegas’ Tom Elkington and Jennifer Levine represented the lessor, Harsch Investment Properties. The reported… Read more »