Land Baron Properties bought the 27-year-old, 40-unit Pacific Palms Apartments, on 4.95 acres, at 5072 Kell Lane in Las Vegas for $1,790,000, or $44,750 per unit, from Pacific Palms Apartments LLC. Colliers International’s Gary Banner and Garry Cuff represented the buyer; NAI Capital’s Tom Papoulias represented the seller. The two-story, 38,728-square-foot complex was 97% occupied at the time of sale.
