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Press Release | Sale and Lease Transactions

Press Release | Sale and Lease Transactions

LAS VEGAS (March 8, 2018) —Sun Commercial Real Estate Inc. announced today the closing of the following transactions:

The Sale of a Retail investment building was completed on February 23, 2018. The 10,192 square foot property is located at 155 Lemmon Drive, Reno, NV 89506. The total value of the transaction was $4,250,000.00. Cathy Jones, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Buyer, Sloughside Farms, LLC and the Seller, Reno Territory, LLC was unrepresented.

The Sale of a multi-tenant Retail building was completed on February 23, 2018. The 24,610 square foot property is located at 5105 E. Sahara Avenue, Las Vegas, NV 89142. The total value of the transaction was $3,750,000.00. Cathy Jones, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, Niban Properties, Inc. and the Buyer, HSJC Investments, LTD was unrepresented.

The Sale of two Retail building was completed on February 15, 2018. The 16,522 square foot property is located at 2900 & 2950 E. Tropicana Avenue, Las Vegas, NV 89131. The total value of the transaction was $1,750,000.00. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Seller, United AMS Receiver – The Gun Store and Simply Vegas Real Estate represented the Buyer, The Auto Group LLC.
The Lease with College of Southern Nevada was completed on February 1, 2018. The 20,854 square foot office space is located 311 Water Street, Henderson, NV 89015. The total value of the transaction was $1,155,203.16. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Landlord, OC Properties, LLC and Edward Bassford of Sun Commercial Real Estate, Inc. represented the Tenant, College of Southern Nevada.

The Sale of an Industrial building was completed on February 16, 2018. The 8,035 square foot property is located at 827 S. Boulder Highway, Henderson, NV 89015. The total value of the transaction was $750,000.00. Renae Russo of Sun Commercial Real Estate, Inc. represented the Seller, Mosdell Lynn and Jane Living Trust, 1985 and Napoli Group represented the Buyer, Jacobson Family Trust.

The Lease with Bush Business Enterprises, LLC was completed on February 18, 2018. The 8,031 square foot office space is located at 8411 West Duneville, Las Vegas, NV 89139. The total value of the transaction was $327,353.37. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Tenant, Bush Business Enterprises, LLC.

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