NORTH LAS VEGAS, NEV. — Sun Commercial Real Estate has arranged the sale of a retail asset located in North Las Vegas. Passco Management Services sold the property to an undisclosed buyer for $3.5 million. Located at 1820 E. Lake Mead Blvd., the building features 28,129 square feet of retail space. Roy Fitz and Dylan Heroy of Sun Commercial Real Estate represented the seller in the transaction.
LAS VEGAS — Capovilla Management has completed the sale of McFarlane Medical Center in Las Vegas. An undisclosed buyer acquired the property for $10.4 million. Located at 8352 W. Warm Springs Road, the property features 39,279 square feet of medical office and office space. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate represented the seller in the deal.
LAS VEGAS — Northcap Commercial has arranged the sale of Summer Place Apartments, a multifamily property located in Las Vegas. Summer Place Apartments LLC sold the asset to an undisclosed buyer for $6.7 million, or $60,268 per unit. Built in 1979, the 112-unit property is located at 27 N. 28th St. Devin Lee, Jason Dittenber, Jerad Roberts and Robin Willett of Northcap Commercial handled the transaction.
LAS VEGAS — 3D Investments has completed the disposition of Las Brisas De Cheyenne, a multifamily property located in Las Vegas. Epic Investment Services acquired the asset for $22 million, or $125,000 per unit. Located at 3985 E. Cheyenne Ave., Las Brisas De Cheyenne features 176 apartments. Patrick Sauter, Art Carll-Tangora and Steve Nosrat of the Sauter Multifamily Group at Avison Young represented the seller in the transaction.
LAS VEGAS — San Diego-based Tower 16 Capital Partners has completed the disposition of Altura on Duneville, a multifamily property located in Las Vegas. An undisclosed buyer acquired the asset for $35.5 million. Located at 5050 Duneville St., the community features 228 one- and two-bedroom apartments. Community amenities include two swimming pools and on-site daycare. Tower 16 Capital Partners originally acquired the property in 2018 for $24 million. During the company’s two-year hold, it implemented exterior and interior unit renovations and added new amenities, including a new leasing office, gym, business center and game room.
LAS VEGAS — Cushman & Wakefield has facilitated the sale of a freestanding office building in Las Vegas. The buyer, 6425 W. Sahara Propco, acquired the multi-tenant asset for $3.8 million, or $102.04 per square foot. Built in 1995, the two-story property features 37,730 square feet of office and showroom space. Centrally located at W. Sahara Avenue and Mann Street, the building features an entryway, landscaping and the opportunity for prominent monument signage. Charles Moore, Marlene Fujita and Hunter Bradshaw of Cushman & Wakefield represented the seller, Equity Partnership Property Management, in the transaction.
LAS VEGAS — CapRock Partners has completed the disposition of a three-property, 276,912-square-foot industrial portfolio in Las Vegas. Nicola Wealth Real Estate, a Canada-based subsidiary of wealth management firm Nicola Wealth, acquired the assets for an undisclosed price. The acquisition is Nicola Wealth’s first venture into the Las Vegas market. The portfolio includes The Park @ Arville at 4350 Arville St.; Valley View Commerce Center at 5130, 5160, 5190 and 5230 S. Valley View Blvd.; and Valley View Business Park at 3021 S. Valley View Blvd. Built in 1974, The Park @ Arville features 160,554 square feet of multi-tenant space, with suites ranging from 1,000 square feet to 10,000 square feet with private storage yards and 15-foot to 20-foot clear heights. Valley View Commerce Center was constructed in 1989 and features 73,508 square feet of multi-tenant space, with suites ranging from 1,776 square feet to 6,528 square feet, and 15-foot to 17-foot clear heights. Developed in 1986, the 42,850-square-foot Valley View Business Park offers suites ranging from 2,000 square feet to 7,000 square feet. The property is close to Interstate 15, with convenient access to U.S. 95 and McCarren International Airport.
HENDERSON, NEV. — WestCorp Management Group, in partnership with Nevada West Development, has opened The Aviator, a multifamily community in West Henderson near the Henderson Executive Airport. Located at 3660 St. Rose Parkway, The Aviator features 380 apartments in a mix of one-, two- and three-bedroom layouts ranging in size from 836 square feet to 1,390 square feet. Each unit offers quartz countertops, stainless and energy-efficient appliances, wood-style flooring, walk-in closets and in-home washer and dryers. Additionally, the property offers Sky Suites, which are top-floor units that feature 12-foot coffered ceilings, Transom windows and three-panel glass slider walls in the living room. The pet-friendly community features two swimming pools, a fitness center, sauna, steam room, clubhouse with business center, hammock garden, children’s playground, on-site dog park and pet wash. Carport parking and garages are also available for residents. The Aviator is part of WestCorp’s line of Vivint Smart Home living spaces throughout Henderson. Vivint Smart Home living includes intelligent cameras with live doorbell video; doors that can be locked and unlocked remotely; smart thermostats; connected lights; and home security alarms, all of which can be remotely controlled via Vivint’s smart home app.
LAS VEGAS — LaPour Cos. and G2 Capital Development, both based in Las Vegas, have broken ground on Narrative, a Class A office building located in Las Vegas. Situated in the southwest portion of the valley near the 215 Beltway and South Durango, Narrative will feature 100,184 square feet of office space in a four-story building. Slated for completion in fourth-quarter 2020, the development is the first of its kind in the area since the recession, according to the developers. Upon completion, Narrative will become the headquarters of Colliers International | Las Vegas.
LAS VEGAS — Mystic Sands has completed the sale of Inspirado Apartments, a 247,072-square-foot multifamily property in Las Vegas’ Centennial Hills neighborhood. NNC Apartment Ventures acquired the asset for $52 million. Located at 6885 W. Lone Mountain Road, Inspirado Apartments features 116 one-bedroom/one-bath, 120 two-bedroom/two-bath and 16 three-bedroom/two-bath units. Built in 2010 on 11.1 acres, the property offers a European-style swimming pool, hot tub, cabana area with built-in grill, fitness facility and business center. At the time of sale, the property was 95.6 percent occupied. Taylor Sims, Carl Sims, Brady Cleary of Cushman & Wakefield’s Nevada Multifamily Advisory Group represented the seller in the deal.