Monthly Archives: August 2013

Marshall Law Group Signs $216,000 Lease

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Marshall Law Group signed a 62-month $216,000 lease for 3,646 square feet of office space inside the 2-story, 11-year-old Buffalo Professional Center, on 2.46 acres, at 1333 N. Buffalo Drive, Suite 120, in Las Vegas. Virtus Commercial’s Rob Hatrak represented both the lessee and lessor, Buffalo Professional Center LLC. The reported average rent equals 96 cents… Read more »

South Shores Professional Center Sold for $2.9 Million

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JAM Properties bought the 17-year-old 29,482-square-foot South Shores Professional Center, on 2 acres, at 8440 W. Lake Mead Blvd. in Las Vegas for $2.89 million, or $98-per-square-foot, from South Shore Professional Center LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, and Roy Fritz represented the seller; Exit Realty’s Jody Wallace Jr. represented… Read more »

Bank Owned Office Building Sold for $380,000

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TIB LLC bought a 6-year-old 3,714-square-foot office building inside Shea at Tenaya Village, on 10.06 acres, at 7435 W. Azure Drive, Suite 190, in Las Vegas for $380,000, or $102-per-square-foot, from Zions National Bank. Sun Commercial Real Estate’s Roger Jeffries III represented the seller; The Equity Group’s Adam Malan represented the buyer.

UFC Pays $3.5 Million for 10-Acre Parcel

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Zuffa Landco LLC, an entity controlled by the Zuffa LLC, which also owns the Ultimate Fighting Championship, bought 9.53 acres of vacant land at the northwest corner of I-215 & El Camino Road in Las Vegas for $3.5 million, or $367,261-per-acre, from Byron Lebow LLC. Colliers International’s Robert Torres and Scott Gragson represented the seller.

Bank Owned Henderson Parcel Sold for $575,000

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Fore Property Co. bought 5 acres of land at 993 Equestrian Drive in Henderson for $575,000, or $115,000 per acre, from Clark County Credit Union. Colliers International’s Ryan Martin, Patti Dillon, Tom Stilley and Lizz Stilley represented the buyer; Colliers International’s Grant Traub represented the seller.

The Love Store Signs $483,380 Lease

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The Love Store signed a 65-month $483,380 lease for 12,233 square feet of retail space inside Plaza Del Paseo at 2100 S. Rainbow Blvd. in Las Vegas. Cushman & Wakefield-Commerce’s Todd Manning represented the lessee; Colliers International’s Tom Naseef and Jeff Naseef represented the lessor, Coleman Family Trust. The reported average rent equals 61 cents… Read more »

Subway Signs 5-Year Henderson Lease

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Subway signed a 5-year $155,000 lease for 1,400 square feet of retail space at 591-A College Drive in Henderson. Colliers International’s David Grant represented the lessor, E.S. & R.E. Berger Family Trust. The reported average rent equals $1.85 per square foot.

Southwest Industrial Building Signs 2-Year Lease

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Joyride LLC signed a 2-year $32,802 lease for 4,989 square feet of industrial space, on 0.38 acres, at 4214 Bertsos Drive, Suite 2, in Las Vegas. Colliers International’s Tyler Jones represented the lessee; Colliers International’s Brian Riffel represented the lessor, Rich Launchbaugh. The reported average rent equals 27 cents per square foot triple net.

Northwest Parcel Sold for $275,000

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Investor Equity Homes LLC and Mosaic Land 2 LLC bought 2.06 acres of land at 8162 N. Tioga Way in Las Vegas for $275,000, or $133,495 per acre, from Flair Systems Trust. Colliers International’s Vincent Schettler represented the buyer.

CreditBox.com Signs 3-Year Office Lease

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CreditBox.com signed a 3-year $16,164 lease for 359 square feet of office space inside the 32-year-old Flamingo Grand Plaza at 1050 E. Flamingo Road, Suite S-108, in Las Vegas. Colliers International’s Ryan Martin, Patti Dillon, Tom Silley and Lizz Stilley represented the lessor, FKC Flamingo LLC. The reported average rent equals $1.25 per square foot.