MTP INV LLC Purchases 21,007 Square Foot Retail Center In Las Vegas For $5.5 Million

The property involved in this transaction is a 21,007-square-foot retail center located at 10620-10680 Dean Martin Drive in Las Vegas, NV. The asset encompasses 2.37 acres and was sold for $5,500,000, resulting in a price per square foot of $262. The property is currently 89% leased and situated near the Southern Highlands community.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Address: 10620-10680 Dean Martin Drive
• Market: Las Vegas, NV
• Acres: 2.37
• Square Footage: 21,007
• Price per Square Foot: $262
• Buyer: MTP INV LLC
• Seller: Cactus Villas, LLC
• Brokers: Marlene Fujita Winkel & Emily Brun - Cushman & Wakefield

Cactus Villas LLC sold the KAKTUSlife Retail center, with the transaction being represented by brokers Marlene Fujita Winkel and Emily Brun from Cushman & Wakefield. The deal was completed in 40 days.