Travis Barney Of Alturas Capital Partners Acquires Retail Property In Sparks For $100 Million

The asset involved in this transaction is a retail property located at 1310 Scheels Drive in Sparks, NV. The property encompasses 421,000 square feet and has a sale price of $100,000,000, equating to a price per square foot of $238. This lifestyle retail component is part of Legends at Sparks Marina and is 97% leased, featuring over 65 national and regional tenants within a broader 1.2 million-square-foot mixed-use destination.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100,000,000
• Square Footage: 421,000
• Price per Square Foot: $238
• Buyer: Travis Barney - Alturas Capital Partners
• Market: Sparks, NV

Travis Barney represented Alturas Capital Partners in this transaction, facilitating the acquisition of the property. The deal was characterized by the involvement of more than 65 tenants contributing to the property's lease status and was a significant addition to the mixed-use space at Legends at Sparks Marina.