Las Vegas 644 KSF Site Changes Hands

Marcus & Millichap represented the seller in the transaction, which hit a record-high price of $18.5 million. The Las Vegas Strip is nearby, as is the planned future home of the NFL’s Las Vegas Raiders.

A Utah-based LLC purchased a redevelopment site in central Las Vegas. Marcus & Millichap’s First Vice President of Investments in the firm’s Vegas office, Ray Germain, represented the seller, a California-based LLC. The transaction price was record-high, at $18.5 million, or $1.25 million per acre. Another record-breaking sale was closed by the investment and financing firm earlier this year—with $17 million paid for two self-storage properties in the Greater Milwaukee area

Las Vegas 644 KSF Site Changes Hands

Categories : Finance

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