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Just Closed ~ $33M Class A Office Investment ~ Sun’s Investment Services Group

Just Closed ~ $33M Class A Office Investment ~ Sun’s Investment Services Group

The Investment Services Group at Sun Commercial Real Estate, Inc. is proud to announce the sale of 6325 S. Rainbow Boulevard. This 104,795 SF Class A office building is home to several national credit tenants. The Property sold for $33,000,000 or $315 per SF.

Closing Highlights

  • Trophy Class A 104,795 SF Multi-Tenant Office Building with 89% National Credit Tenants
  • Sun Commercial’s Investment Services Group sold the building as a bank REO and again this year as a stabilized trophy investment
  • Sellers successfully transitioned this asset from a primarily vacant REO asset to a 100% fully stabilized investment grade property
  • National Reach – Generated extremely well qualified East Coast Buyer

 

“The office market has been the last to recover from the great recession in Las Vegas. Buyers from all over the U.S. and the globe are now looking at Las Vegas as an excellent investment opportunity. We expect this momentum to continue to build.” – Cathy Jones, CPA, SIOR, CCIM, CEO of Sun Commercial Real Estate and lead on this transaction.

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Cassie

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