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May 23, 2019
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Vegas Office Asset Trades in $20 Mil Deal

4/18/19

A 59k sf, single-tenant office property in the Las Vegas area, sold for $19.9 mil, or $338/sf. The Class A office building is leased to an industry leading Fortune 10 company and features recent, comprehensive renovations a combination that helped to generate interest from more than 100 potential investors.

Located at 1451 Center Crossing Rd in Vegas, the building sits within the Summerlin masterplanned community, surrounded by a desirable residential, retail, office and employment demographic, and with an attractive geographical position along Summerlin Parkway, minutes from the Interstate 215 Beltway and US 95.

Tivon Moffitt, Peter Bauman and Bret Davis with JLL represented the seller, Moonwater Capital, who acquired the building in 2018 as part of a seven-building office portfolio. The buyer, a private investment entity from California, was repped by Kase Abusharkh of The Kase Group.





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