Nevada Real Estate & Development Report: November 2014

N

Sale, Office
ADDRESS 6624 Sky Pointe Dr., 89131
BUYER WDG 6624 Sky Pointe, LLC
SELLER 2010-1 RADC/CADC Venture, LLC
DETAILS ; $315,000
APN 125-21-710-014
REP (Both) David Howes of David Howes Commercial Real Estate

Lease, Retail
ADDRESS 8350 N. Decatur Blvd., 89031
TENANT Spartan Arms and Range Supplies LLC
LANDLORD Decatur Horse LLC
DETAILS 4,000 SF; $163,200 for 39 months
TENANT’S REP Derek Belanus of Crown Point Realty
LANDLORD’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

NW

Sale, Retail
ADDRESS 1700-1752 N. Buffalo Dr. & 7598 Vegas Dr., 89128
BUYER New Deal Carl’s Jr. LLC and New Deal-Seabreeze LLC
SELLER Sea Breeze Village LLC and Sea Breeze Village II LLC
DETAILS 134,321 SF; $17,350,000
APN 138-22-418-008 and 138-22-418-009
BUYER’S REP Chris Emanuel and Jeff Mitchell of Virtus Commercial
SELLER’S REP Kipp Gstettenbauer of Cushman & Wakefield

Lease, Office
ADDRESS 7391 Prairie Falcon Rd., 89128
TENANT Christian Life Community dba Dunamis Resources
LANDLORD Orion Blue LLC
DETAILS 5,878 SF; $427,812 for five years
TENANT’S REP Eric Rogosch of BHHS NV Properties
LANDLORD’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank

O

Project, Other
Address US 95/I-15 interchange from downtown Las Vegas to Sahara Avenue
Details The Nevada Department of Transportation announced Project NEON has been unanimously approved as a design-build procurement. The $1.5 billion job will create a one-mile-long high occupancy vehicle connector between U.S 95 and I-15. Project NEON will reduce travel times by 22 percent and is scheduled for completion in 2018.

Sale, Vacant Land
ADDRESS 1040, 1050 & 1136 W. Pioneer Blvd., 89024
BUYER Nuco Investments, LLC
SELLER Branch Banking and Trust Company
DETAILS 14.05 acres; $500,000
APN 001-18-210-002
BUYER’S REP Premier Properties of Mesquite Nevada, LLC
SELLER’S REP Dan Hubbard and Todd Manning of Cushman & Wakefield

Sale, Vacant Land
ADDRESS 1360 E. Highway 372, 89048
BUYER White Mar Capital Pahrump LLC
SELLER Swiss LTD
DETAILS 1.38 acres; $827,000
APN 39-391-06
BUYER’S REP Frank Marretti of Colliers International
SELLER’S REP Scot Marker of Colliers International

SW

Sale,Office
ADDRESS 1580 S. Jones Blvd., 89146
BUYER Kerry Holt
SELLER Richard Crawford T
DETAILS 14,345 SF; $3 million
APN 163-01-201-009
BUYER’S REP Tim Erickson of Marcus & Millichap
SELLER’S REP Tina Taylor of Marcus & Millichap

Lease, Retail
ADDRESS 5285 Dean Martin Dr., 89118
TENANT Cingari, LLC
LANDLORD Itai Investments, LLC
DETAILS 4,000 SF; $684,000 for 65 months
TENANT’S REP Bret Wulf of Gavish Real Estate
LANDLORD’S REP Eric Berggren of Newmark Grubb Knight Frank

Lease, Industrial
ADDRESS 5025 Schuster, 89118
TENANT Allsite Structure Rentals
LANDLORD Design to Print
DETAILS 6,622 SF; $235,488 for five years
TENANT’S REP Marty Martell of MDL Group
LANDLORD’S REP Tim Behrendt and Lisa Hauger of Sun Commercial Real Estate

Lease, Office
ADDRESS 7965 W. Sahara Ave., 89117
TENANT Steven B Quinn Insurance Agency
LANDLORD Winner Properties, LLC
DETAILS 6,997 SF; $680,108 for 78 months
TENANT’S REP Amy Lance of CBRE
LANDLORD’S REP Bob Hawkins and Dan Palmeri of Cushman & Wakefield

Loan, Office
ADDRESS LaPour Corporate Center, 9075 W. Diablo Dr., 89148
DETAILS 70,188 SF; $12,300,000 with a mid-4 percent, fixed interest rate for a 10-year term with a 25-year amortization schedule. The property is a three story, multi-tenant office building and is 100 percent leased.
BORROWER’S REP Greg Benjamin and Jeff DeHarty of NorthMarq Capital

Lease, Industrial
ADDRESS 3955 W. Mesa Vista Dr., 89118
TENANT Royal Cup, Inc.
LANDLORD Mesa Vista Business Center LLC
DETAILS 6,000 SF; $134,976 for 40 months
TENANT’S REP Leo Biedermann of Cushman & Wakefield
LANDLORD’S REP Spencer Pinter of Colliers International