The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



RETAIL NEWS
Printer-friendly Version   Email an Associate
Retail/Medical Center in Vegas Trades for $298/sf

11/09/22

Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.

Anchored by Island Pacific Seafood Market, the multi-tenant-center-was-approximately 98% leased at the time of sale and is well located on the northwest corner of Nellis Blvd, the major commercial arterial serving the trade area, and Stewart Ave.

Located at 305-325 N Nellis Blvd and originally built in 2009, Nellis Plaza is situated on more than 7.5 acres and features many prominent national and regional tenants in the grocery, healthcare, restaurant, communications, footwear, and other services. Prior to the sale, the center recently leased 9.5k sf of space to Intermountain Healthcare to bring the center to 98% occupancy. The center offers just one vacant suite of 1.2k sf.

Cushman & Wakefield’s Marlene Fujita Winkel, CCIM, Charles Moore, CSM, Emily Brun, and Alex Casingal of the firm’s Private Capital Group in Las Vegas represented the seller, Omninet Capital, based in Beverly Hills, and the owner of more than 10 msf of commercial and multi-family assets. According to Fujita Winkel, almost half of the tenants have occupied space at Nellis Plaza for nearly a decade or longer, signifying its stability and desirability.





Return to the Archive page
 
 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media