Press Release | Sale & Lease Transactions

LAS VEGAS (July 14, 2017) —Sun Commercial Real Estate Inc. announced today the closing of the following transactions:

The Sale of a Retail Building was completed on June 21, 2017. The 9,806 square-foot property is located at 5365 S. Wadsworth Boulevard, Littleton, CO 80123. The total value of the transaction was $4,900,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Buyer, Howe Family LP.

The Sale of Pine Tree Apartments, a 56 unit multi-family development, was completed on June 21, 2017. Three (3) buildings totaling ±12,600 square-foot is located at 150 Hoover Avenue, Las Vegas, NV 89101. The total value of the transaction was $2,165,000.00. Paul Chaffee, Wil Chaffee and Josh Smith of Sun Commercial Real Estate, Inc. represented the Seller, Pine Tree, LLC and Northcap Commercial, LLC represented the Buyer, The Hoover, LLC.

The Sale of two (2) North Las Vegas Airport Hangar/Office buildings totaling 49,362 square-feet was completed on June 30, 2017. The property is located at 2722 & 2806 Perimeter Road, North Las Vegas, NV 89032. The total value of the transaction was $1,025,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, Western Alliance Bank and the Buyer, Gerald Haan was unrepresented.

The Lease with Campus Village, LLC was completed on June 20, 2017. The 2,400 square-foot retail space is located at 1220 E. Harmon Avenue, Suite B, Las Vegas, NV 89119. The total value of the transaction was $946,055.89. Jon Willis, Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Tenant, Lacey’s Place Nevada 1220 Harmon, LLC and MDL Group represented the Landlord, Campus Village, LLC.