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

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Nevada

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Office43,944 SF
Leased 04/08/2026
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GPS LV Business Park Acquires South Rainbow Business Park Office For $11.7M In Las Vegas

5940 South Rainbow Boulevard

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Office43,944 SF
Leased 04/08/2026
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Summary

NEVADA
Asset Type:Office
Total Square Footage:43,944 SF

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.

Players

Marc Magliarditi
7 deals$87.9M volume
BROKER

Miranda Jennings
CBRE
1 deal$11.7M volume
BROKER

Details

IMAGE: 04/08/2026 ADDRESS: 5920 & 5940 South Rainbow Boulevard MARKET: Las Vegas, NV ASSET TYPE: Office BUYER: GPS LV Business Park SELLER: South Rainbow Park Property Co. LCC BROKERS: Marc Magliarditi & Miranda Jennings - CBRE SALE PRICE: $11,700,000 SF: 43,944 ~ PPSF: $266 NOTE: GPS LV Business Park acquired the 43,944-square-foot South Rainbow Business Park office property at 5920 and 5940 S. Rainbow Blvd. from South Rainbow Park Property Co. LLC for $11.7 million.CBRE represented the seller in the transaction for the fully leased office asset serving professional and medical tenants.

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