+/- 65,000 SF multi-tenant retail building on Paradise Rd., approximately 1-mile from the Las Vegas Strip
The investment sales team led a leasing effort that included replacing and upgrading multiple tenants resulting in a historically high occupancy rate.
The sales process led by the team resulted in multiple offers for the Seller and selection of the highest and best Buyer that garnered the strongest surety of close. Despite some initial challenges, the property sold late November 2019.
The Park at 3900 is a great example of a long-term owner / broker relationship to a common goal.
Chris Richardson, CCIM said, When ownership engaged us as advisors in June of 2013, we followed a business plan to add value to the asset, through programmed leasing efforts. During this time period, we focused on how the lease-up process would affect the exit valuation for the Seller when the time was ready. After following this business plan over the past 6 ½ years, we were able to assist our client to achieve their desired results.
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