Marcus & Millichap Arranges the Sale of a 30,934-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services has announced the sale of property located at 3121 North Rancho Drive.LAS VEGAS, NV – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Savers, a 30,934 square-foot net-leased property located in Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset sold for $2,240,000.

Ray Germain, an investment specialist in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Savers is located at 3121 North Rancho Drive in Las Vegas, NV.  According to Germain, “This Savers site has a prime location on the hard corner of North Rancho Drive and West Cheyenne Avenue. The building sits on 3.18 acres within a 10.07 acre shopping center directly adjacent to the North Las Vegas Airport and amongst several complimentary retailers such as 99 Cent Only Store, McDonald’s, Jack in the Box, Taco Bell, and less than two miles from the very popular Texas Station Casino.  Strong occupancy history combined with a below market rental rate and strong in-place cash flow made this a very attractive investment to many, which resulted in several above list price offers.”

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  • Steve

    ….hard work and exceptional market knowledge provided both buyer and seller with a quality transaction. Compliments to Ray, Richard and the Las Vegas team of Marcus&Millichap….