LAS VEGAS, Nev., August 9, 2021 – Cushman & Wakefield announced today the firm has brokered the sale of a freestanding 5,900-square-foot professional office/retail asset in Las Vegas, Nevada. Situated within the Tucson Plaza, the vacant building was purchased by a private out-of-state investor for $1.59 million. The buyer subsequently leased the full building to a hair care and personal services provider that is expected to take occupancy in the near future.
The seller was Kayenta Therapy, LLC, which was represented in the disposition by Charles Moore and Marlene Fujita with Cushman & Wakefield.
“This was a great opportunity to acquire a high-quality property able to accommodate a variety of uses, all within a thriving mixed-use environment in the heart of Summerlin,” said Marlene Fujita, Executive Director. “Our team was able to effectively negotiate an “as-is” transaction, while maintaining pricing. We also drew upon the robust power of Cushman & Wakefield’s Private Capital Group to broaden our buyer exposure across the West Region.”
Roberta Vande Voort MS, MFT, CEO Kayenta Therapy, expressed, “The Cushman & Wakefield team was amazing to work with during the sale of our buildings. They were polite, friendly and highly knowledgeable, and we received prompt responses concerning any challenges that we experienced.”
Located at 9414 W Lake Mead Blvd, the property is located at the junction of the Summerlin and Sun City master-planned communities. The location provides a strong residential population within a three-mile radius and is positioned just a few miles east of Interstate 215.
The transaction reflected the second building sold of the four buildings that comprise Tucson Plaza, a project that also includes an attractive tenant roster of national retailers and regional shops and services.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
