Remington Nevada Sells Mountain’s Edge Marketplace In Las Vegas For $50.3 Million

The property asset involved in this transaction is a retail center located at 7975 Blue Diamond Road in Las Vegas, NV. It encompasses 14.7 acres and has a total square footage of 115,037. The sale price for the asset was $50,300,000, which breaks down to a price per square foot of $437.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50,300,000
• Address: 7975 Blue Diamond Road
• Market: Las Vegas, NV
• Acres: 14.7
• Square Feet: 115,037
• Price Per Square Foot: $437
• Seller: Remington Nevada
• Broker Representatives: Preston Fetrow & Roy Fritz - CBRE

This transaction involved Remington Nevada as the seller of the Mountain’s Edge Marketplace, with the buyer assuming a $33 million CMBS loan. The retail center is reported to be 98% leased, featuring tenants such as Ross, Planet Fitness, and Starbucks.