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October 1, 2023
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Agora Realty Spends $16 Mil on 71k sf Vegas Retail Property


Agora Realty acquired Bonanza Eastern Plaza, a 71k sf retail center in Las Vegas, in a recent $16.1 mil ($227/sf) transaction. The asset, located at 550-580 N. Eastern Ave, represents the fourth grocery-anchored shopping center acquired by Agora in the Las Vegas area.

The100% occupied center is anchored by Mariana’s Supermarket, along with tenants dd’s Discounts, Jack in the Box, Sushiro, Boca Dental among others. The buyer intends to implement a significant repositioning of the property that includes a façade renovation, remodeled parking lot and installation of professional management.

Bonanza Eastern Plaza is located at the busy intersection of Eastern Ave and Bonanza Rd, which sees more than 66,000 vehicles per day with a population of 242,638 in a three-mile radius and surrounding a daily workforce of 55,000.

Agora was represented by Jeff Berg and Mica Berg with Logic. Agora Realty owns a 1.5 msf real estate portfolio that includes a mix of properties in Hawaii, Nevada, and California.

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