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10/29/15
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In a recent investment comp from Las Vegas, a 53.7k sf office and retail property changed hands at a price of $18.4 mil, or $343/sf. The property, known as Fort Apache Commons, was 100% leased at the close of escrow.
Fort Apache Commons is located at 1215 and 1225 S. Fort Apache Rd, west of I-215 and just south of Charleston Blvd in the upscale Summerlin community of Las Vegas. The property has always enjoyed high occupancy levels thanks, in part, to the prime location, high-end features and elegant construction details.
Charles Moore, CSM, Marlene Fujita Winkel, CCIM and M. Laura Hart of CBRE represented the seller, FAC Parks LLC, in the transaction. The unnamed buyer was repped by Sheila Colfer and Fred Miller of Dickson Commercial Group based in Reno.
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