An unnamed private investor bought the 14-year-old, 3,400-square foot Rainbow Market, on 0.84 acres, at 5075 E. Washington Ave. in Las Vegas for $1,425,000, or $419 per square foot, from Alvin Skiriaki. Marcus & Millichap’s Dustin Alvino and Ray Germain represented both the buyer and seller. Last renovated in April 2009, the four-gas-pump property has 7 years remaining on a net lease to Loper Markets, aka Rainbow Market, a nine-unit operator in Reno and Las Vegas.Rainbow Market Sells for $1.4 Million
An unnamed private investor bought the 14-year-old, 3,400-square foot Rainbow Market, on 0.84 acres, at 5075 E. Washington Ave. in Las Vegas for $1,425,000, or $419 per square foot, from Alvin Skiriaki. Marcus & Millichap’s Dustin Alvino and Ray Germain represented both the buyer and seller. Last renovated in April 2009, the four-gas-pump property has 7 years remaining on a net lease to Loper Markets, aka Rainbow Market, a nine-unit operator in Reno and Las Vegas.
