SVN The Equity Group - Commercial Office Building Sale - Case Study
Leads in the Know | Case Study | Commercial Real Estate Sale
One Floor Office Building in Summerlin Hills Sold At Asking Price in Las Vegas Nevada 89134
One Floor Office Building Sold At Asking Price in Summerlin, an Upscale Las Vegas Submarket
Summerlin Hills Center Office Park is centered in one of the Las Vegas Valley's strongest submarkets. This stunning Class A office building environment is situated in the number one rated master planned community in Summerlin, offering an unparalleled work environment for businesses and investors alike. The property was meticulously renovated in Q2 2022, boasting three beautiful turnkey suites with high-end finishes that are ready for immediate occupancy. Perfect for an owner-user or investor, this office building provides a unique blend of style, functionality, and convenience.
About - One Floor Office Building Property Details
-
Property Type: Office
-
Property Location: Summerlin, Northwest Las Vegas, NV
-
Sales Price: $2,300,000
-
Building Size: 3,852 SF
-
Lot Size: 0.45 Acres
-
Challenge: Finding the right buyer, investor, or group.
-
Solution: Strategic approach targeting owner-user buyers.
-
Services Applied: Sales Negotiation and Commercial Real Estate Advisory.
TABLE OF CONTENTS
1. PROJECT - Sale of an Office Building in an Upscale Submarket of Las Vegas.
2. CHALLENGE - Overcoming Obstacles in a Shifting Office Market Environment.
3. SOLUTION - Commercial Property Solutions; Marketing, Incentives, & Renovations.
3. RESULTS - Unprecedented Office Sale Price Per Square Foot in Summerlin.
5. WHY Choose SVN The Equity Group in Las Vegas, NV?
SVN The Equity Group
Office Building Sold
-
Nolan Julseth-White -
Managing Director
-
Zechariah Levi - Advisor
-
Represented Seller
-
Sold Price: $2,300,000
-
Property Type: Office
-
Property Address: 1885 Village Center Circle, Las Vegas, NV 89134
-
Building Size: 3,852 SF
-
Building Floors: 1 Floor
-
Building: Class: B
-
Year Built: 2006
-
Renovated: 2022
-
Typical Floor Size: 3,852 SF
-
Net Rentable: 3,852 (sq ft)
-
Parking: 19 Surface Parking Spaces
Location: Las Vegas, Nevada
Property Location: Summerlin Hills Center Office Park
Project: Commercial Sales
Lot Size: 0.45 Acres
PROJECT - Sale of an Office Building in an Upscale Submarket of Las Vegas.
Nolan Julseth-White and Zechariah Levi were hired to represent the seller of an Office Building in Summerlin, a northwest submarket of Las Vegas. Nolan and Zechariah are experienced commercial advisors with SVN The Equity Group, a leading brokerage firm specializing in investment sales, development, and leasing in Las Vegas, NV. As the Managing Director, Nolan oversees all company operations and advises clients on the sale and leasing of commercial assets. Zechariah, who joined the Retail Services Group in 2020, specializes in investment sales and leasing within the retail asset class, working with notable clients such as Golden Entertainment, Roberto's Taco Shop, Nakata Sushi, Cash America, and West Shore Home
CHALLENGE - Overcoming Obstacles in a Shifting Office Market Environment.
The commercial office space market in Las Vegas presents a unique set of challenges for property owners and investors. With current market conditions indicating an oversupply of office space in the area, Las Vegas Office buildings face the daunting task of attracting and retaining tenants in a highly competitive environment.
SOLUTION - Commercial Property Solutions, Marketing, Incentives, and Renovations.
The solution to maximizing the potential of the subject property lies in a multi-faceted approach that combines aggressive strategic marketing, tenant incentives, and property renovations. By launching an aggressive marketing campaign targeting potential tenants and buyers in growing industries, the property will be positioned as a prime location for businesses seeking to expand or relocate. Offering attractive lease terms, incentives, and renovations to prospective tenants will further entice businesses to choose the property as their new place of business.
RESULTS - Unprecedented Office Sale Price Per Square Foot in Summerlin.
Nolan Julseth-White and Zechariah Levi, experienced commercial advisors with SVN, successfully sold a commercial property in Summerlin. Nolan and Zechariah worked quickly to identify a qualified owner-user who could qualify for favorable SBA Financing after strategically leasing the subject property up to 49% occupancy. Throughout the process, the investment team provided consistent updates and guidance, ensuring a seamless transaction. By targeting likely buyers, Nolan and Zechariah brought the correct buyer to the table, resulting in a successful disposition. The qualified buyer was identified within 30 days, and the transaction closed with financing in place. This sale achieved a record-breaking $597 price per square foot for an office building in Summerlin.
WHY Choose SVN The Equity Group in Las Vegas, NV?
As experienced commercial real estate advisors, Nolan Julseth-White and Zechariah Levi have a proven track record of delivering exceptional results, such as the recent sale of a one-floor office building in the highly sought-after Summerlin area of Las Vegas, Nevada. Their expertise, market insight, and client-centric approach ensure clients receive accurate property valuations and strategic advice on maximizing returns on investment.
As part of SVN | The Equity Group, they offer comprehensive services, including investment sales, development, and leasing, providing a seamless and efficient experience for clients. By partnering with Nolan and Zechariah, you can trust that your property transactions will be in capable hands, helping you achieve your investment and disposition goals.
Looking for Commercial Property in Las Vegas, NV?
SVN The Equity Group Commercial Real Estate Advisors
Nolan Julseth-White - Managing Director
Phone: (702) 527-7562
Nevada Real Estate Lic. # S.0146060.LLC
SVN The Equity Group
Address: 6018 S Durango Dr, STE 110, Las Vegas, NV 89113
Phone: (702) 369-4300
Industry: Commercial Real Estate Brokerage
Case Study Property: 1885 Village Center Circle, Las Vegas, NV 89134
Leads in the Know Highlights Your Case Study Success Stories!
Want to showcase your local business expertise to get more potential customers? We create compelling case studies to demonstrate social proof, and introduce you as a trusted expert.
Book a call today to learn more.
Contact
Phone:
+ 1 (725) 600-1339
Email:
[email protected]
©2023 leadsintheknow.com All Rights Reserved.