Office Park Building Sold at Asking Price $2.3 mil in Summerlin Nevada

Office Park Building Sale in Summerlin Hills, a Clark County, NV, Submarket of Las Vegas 89134

Office Park Building Sold in Upscale Las Vegas Submarket

Nolan Julseth-White, CCIM, and Zechariah Levi, CCIM 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.

Overcoming Challenging 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.

How SVN The Equity Group Used Commercial Property Transaction, Marketing, & Renovation Incentives

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, with renovation incentives to prospective tenants will further entice businesses to choose the property as their new place of business.

Zechariah Levi Brought 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 $597.09 price per square foot for an office building in Summerlin, NV.

Why Choose SVN The Equity Group for Las Vegas, Nevada Commercial Real Estate?

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.

Leads in the Know, LLC

Let’s Highlight Your Commercial Real Estate Case Study!