Property Highlights:
Chris Richardson, CCIM and Jason Otter with LOGIC Commercial Real Estate announce the recent sale of 303 Water St., in downtown Henderson. The two-story mixed-use property is located in the Historic Water St. District and at time of sale, consisted of +/- 30,673 SF and 96% occupancy. The investment sales team ran a competitive pre-market and on-market process procuring multiple offers in the first week, which led to a qualified buyer and a short close of escrow period.
Transaction Highlights:
- +/- 30,673 SF mixed-use multi-tenant building on historic Water Street in downtown Henderson, NV• Investment team led a leasing effort and replaced a critical tenant (Silver State Schools Credit Union) prior to disposition, as well as providing buyer another tenant that will lead to 100% occupancy post closing.
• The sales process, which included an extensive pre-market effort, led to multiple offers in the first week, a best and final process, and a very qualified buyer.
