Press Release | Sale and Lease Transactions

LAS VEGAS (November 10, 2017) —Sun Commercial Real Estate Inc. announced today the closing of the following transactions:

The Sale of a four-story apartment building was completed on October 31, 2017. The 90,610 square foot 92-unit property is located at 525 E. St. Louis Avenue, Las Vegas, NV 89104. The total value of the transaction was $7,300,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, St. Louis LV Holdings LLC and Sunnyside Group represented the Buyer, Patel Family Trust.

The Sale of a single tenant office building was completed on October 30, 2017. The 10,000 square foot office building is located at 9070 W. Cheyenne Avenue, Las Vegas, NV 89129. The total value of the transaction was $2,750,000.00. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Buyer, Kerry Holt and Marcus & Millichap represented the Seller, PCB Pensivy LLC.

The Sale of an industrial building was completed on September 27, 2017. The 10,128 square foot space is located at 2917 Brookspark Drive, North Las Vegas, NV 89030. The total value of the transaction was $1,050,000.00. Lisa Hauger, Timothy Erickson, and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Buyer, Auto-Chlor Systems of Las Vegas and CBRE represented the Seller, Brookspark Drive LLC.

The Sale of an office building was completed on September 26, 2017. The 5,740 square foot space is located at 375 N. Stephanie Street, Building 10, Henderson, NV 89014. The total value of the transaction was $830,000.00. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Seller, Stephanie 10, LLC and iProperties International represented the Buyer, LVH Holdings, LLC & RMZX Defined Benefit Plan Pension Trust.

The Lease with Your Leasing Solution, LLC was completed on September 12, 2017. The 4,892 square foot office space is located at 6325 S. Rainbow Boulevard, Suite 420, Las Vegas, NV 89118. The total value of the transaction was $816,726.72. Renae Russo of Sun Commercial Real Estate, Inc. represented the Tenant, Your Leasing Solution, LLC and CBRE represented the Landlord, WGHII Acquisitions, LLC.

The Lease with Telassistant LLC was completed on September 25, 2017. The 7,713 square foot office space is located at 777 N. Rainbow Boulevard, Suite 130 & 135, Las Vegas, NV 89107. The total value of the transaction was $698,268.54. Michael Brazill and Edward Bassford of Sun Commercial Real Estate, Inc. represented the Tenant, Telassistant LLC and Colliers International represented the Landlord, Rainbow Business Center LLC.

The Lease with Duralum Products, Inc. was completed on September 1, 2017. The 12,485 square foot industrial space is located at 3975 W. Post Road, Las Vegas, NV 89118. The total value of the transaction was $525,700.19. Lisa Hauger, Timothy Erickson and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Tenant, Duralum Products, Inc. and JLL represented the Landlord, Gaunt Industrial Properties LLC.

The Lease with Senza Gluten-Free Bakery was completed on November 1, 2017. The 2,022 square foot retail space is located at 9640 W. Tropicana Avenue, Suite 118 & 119, Las Vegas, NV 89147. The total value of the transaction was $173,908.20. Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Landlord, Teepee Development, LLC and Savant CRE represented the Tenant, Senza Gluten-Free Bakery.

The Lease with ABC Rifle Company was completed on November 9, 2017. The 5,400 square foot industrial space is located at 4640 S. Polaris Avenue, Unit A, Las Vegas, NV 89103. The total value of the transaction was $126,390.06. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Tenant, ABC Rifle Company and Gatski Commercial Real Estate Services represented the Landlord, CV PropCo, LLC.