SRS Real Estate Partners Brokers $9.5M Sale Of Fully Leased Retail Center In North Las Vegas | 640 East Deer Springs Way | Patrick Luther | Retail | Sale

Summary

Sale

NEVADA

Retail

84,672 sqft

SRS Real Estate Partners brokered the $9.5 million sale of Deer Springs Shoppes, a fully leased retail center in North Las Vegas. The property, located at 640, 680 East Deer Springs Way & 675 East Dorrell Lane, spans 28,224 square feet on 1.5 acres. It includes tenants like The UPS Store and Verizon, with a proposed 4,000-square-foot development for a vacant pad site also included in the transaction. The sale price equated to $337 per square foot.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $9,500,000
Market: North Las Vegas
Address: 640, 680 East Deer Springs Way & 675 East Dorrell Lane
Size: 28,224 square feet
Price per square foot: $337
Broker: Patrick Luther - SRS Real Estate Partners

A Los Angeles-based private investor purchased the fully leased retail center from a Pennsylvania-based seller. Patrick Luther of SRS Capital Markets represented the seller in the transaction.

Players

All
2

Agents
1
Agencies
1

Patrick Luther

Managing Principal

$685.1M Sold

SRS Real Estate Partners

Details

Deal Summary

SOLD

IMAGE: Patrick Luther DATE: 01/31/2024 ADDRESS: 640, 680 East Deer Springs Way & 675 East Dorrell Lane MARKET: North Las Vegas ASSET TYPE: Retail ~ ACRES: 1.5 BROKER: Patrick Luther (@Luther_Companies) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $9,500,000 SF: 28,224 ~ PPSF: $337 NOTE: SRS Real Estate Partners brokered the $9.5 million sale of Deer Springs Shoppes, a fully leased retail center in North Las Vegas, from a Pennsylvania-based seller to a Los Angeles-based private investor. The property, totaling 28,224 square feet on 1.5 acres, includes tenants like The UPS Store and Verizon, with a proposed 4,000-square-foot development for a vacant pad site included in the transaction. Patrick Luther of SRS Capital Markets represented the seller.

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Address640 East Deer Springs Way

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