GPS LV Business Park Acquires South Rainbow Business Park Office For $11.7M In Las Vegas

The office property involved in this transaction is located at 5920 and 5940 South Rainbow Boulevard in Las Vegas, NV. The sale price for the asset was $11,700,000. The property encompasses a total square footage of 43,944. The price per square foot stands at $266.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,700,000
• Address: 5920 & 5940 South Rainbow Boulevard
• Market: Las Vegas, NV
• Buyer: GPS LV Business Park
• Seller: South Rainbow Park Property Co. LLC
• Brokers: Marc Magliarditi & Miranda Jennings - CBRE

In this transaction, the buyer GPS LV Business Park acquired the property from the seller South Rainbow Park Property Co. LLC. CBRE represented the seller in the deal which included a fully leased office asset serving professional and medical tenants.