Las Vegas Commercial Real Estate

The retail strip center located at 7293 W Sahara Avenue and owned by Whitcombe Investment LLC has been sold. The buyer, PTI Investments LLC purchased the 15,000 square foot development for $7.25M, or approximately $484 per square foot.

The building was completed in April of this year and is part of the Stone Canyon Professional Park. The buyer reported a cap rate of 6.79% and the property was currently 84% leased at the time of sale.

This entry was posted on Thursday, July 5th, 2007 at 7:39 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.