Logic Commercial Real Estate, together with RealINSIGHT Marketplace, announces that it has closed the sale of Cheyenne Commons, a Walmart, Floor & Décor and Ross anchored retail center totaling 361,000 square feet in Las Vegas, Nevada. Logic Commercial Real Estate’s Brendan Keating, Adam Malan and Deana Marcello marketed the property on behalf of the seller, a special servicer.
• Logic’s leasing and management team increased occupancy from 60% to 80%
• Increased NOI by 50% over an 18-month period prior to the sale
• Additionally, the property recently received a +/- $2,700,000 renovation including new roof, exterior paint, awning repairs, updated lighting, parking lot repairs, landscaping repairs and updated pylon signs