Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Desert Inn Plaza, a 28,552-square foot retail property located at 3242 E Desert Inn in Las Vegas, Nevada. The asset sold for $2,400,000, according to Todd Manning, sales manager of the firm’s Las Vegas office. The approximate aggregate value of this sales transaction is $84.06 per square foot.
Chris Cunning, First Vice President Investments, in Marcus & Millichap’s Las Vegas office, had the exclusive listing and represented the seller, a limited liability company, in the transaction. The buyer, a private investor, was secured by Cunning as well.
