Sheq Properties Sells 82,000 SF Medical Office Building In Las Vegas For $46.1M

A medical office building located at 1655 East Cactus Avenue, Las Vegas, NV was sold for $46,100,000. This asset spans 82,000 square feet and is priced at $562 per square foot. The property is 100% leased and serves as a facility for Optum’s Cactus Healthcare center, which offers various adult and specialty care services along with wellness programs and community services.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $46,100,000
• Sale Date: 11/11/2025
• Address: 1655 East Cactus Avenue
• Market: Las Vegas, NV
• Square Footage: 82,000
• Price per Square Foot: $562
• Seller: Sheq Properties
• Brokers: Mark Schuessler, Sean Fulp, Jordan Selbiger & CJ Kodani - Colliers

This significant transaction was facilitated by Colliers, marking the largest medical office sale of the year 2025. The involved brokers, Mark Schuessler, Sean Fulp, Jordan Selbiger, and CJ Kodani, played a crucial role in managing the sale on behalf of Sheq Properties, the seller of the property.