Pace Commerce Center Sold for $5 Million

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PaceCOmmerceCenterFJM Vegas Holdings LLC bought the 61,169-square-foot Pace Commerce Center at 5145 Arville St., 5140 Rogers St., and 4495 Reno Ave. in Las Vegas for $5,051,000, or $83-per-square-foot, from Lag B’Omer Realty ADA Compliant LP. Colliers International’s Dan Doherty, Chris Lane, Jerry Doty, Mike DeLew, and Greg Pancirov represented the seller; Colliers International’s Dean Willmore represented the buyer. The 94% occupied property had a 7.34% capitalization rate.