August 5, 2016 Comments Off on Nevada Retail Pad Portfolio Trades for $16M Views: 386 National News, Nevada, West

Nevada Retail Pad Portfolio Trades for $16M

A six-property retail portfolio in Henderson, NV, dubbed Eastern Marketplace Portfolio, has sold to 3D Investments LLC of Beverly Hills, CA. The seller, Eastern Marketplace Pads LLC, is in Las Vegas. CBRE Los Angeles brokers Alex Kozakov and Patrick Wade teamed with Las Vegas colleague Matt Bear to negotiate the transaction.

The portfolio consists of six pads within the Eastern Marketplace shopping center at the corner of Eastern Avenue and St. Rose Parkway. The pads include five freestanding sites leased to Tide Dry Cleaners, Chili’s, Wells Fargo, McDonald’s, Carrabba’s and Rebel Oil.

“The sale represents continued demand for credit tenant, net-leased assets,” Kozakov said. “Southern California trade buyers continue to aggressively pursue out-of-state assets, paying a premium for ‘best-in-class’ product, which was illustrated with this sale.”

Read More at Las Vegas Review Journal

Connect with CBRE’s Kozakov and Wade

Connect with CBRE’s Bear

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