LAS VEGAS, NV (October 28th, 2022) SVN | THE EQUITY GROUP one of the nation’s premier brokerage firms, completed the sale of Thunderbird Plaza located at 3603 N. Las Vegas Boulevard, in Las Vegas, Nevada 89115, a ±36,083 SF retail center for $6.125 million at a 6.2% cap rate. Carlos Moreno, NV #S.0044851 of SVN | The Equity Group represented the Seller, Ava Mina World Wide Investments LLC, and JW Michaels Realty Services, LLC represented the Buyer.
The property is a 3-parcel assemblage totaling ±6.16 acres located on the NWC of Las Vegas Boulevard and Lamb Boulevard, and approximately 5 minutes from Nellis Air Force Base and 15 minutes from I-15. SVN | The Equity Group listed this property for lease in 2020 at 39% occupancy, leased it up to over 75% occupancy before putting on the market to be sold at 95% occupancy.
About SVN | The Equity Group
SVN | The Equity Group is an independently owned and operated SVN® office located in Las Vegas, NV. They are one of Southern Nevada’s leading full-service commercial real estate companies managing over 80 properties totaling over 10 million square feet. A mainstay in the local commercial real estate industry for over 42 years, SVN | The Equity Group has built a solid reputation on providing market-tested counsel and hands-on services to help clients interested in retail and commercial real estate make informed decisions. For more information, visit www.SVN-TheEquityGroup.com.
About SVN International Corp.
The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 2,000 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.