Brixton Capital Sells Retail Property In Las Vegas For $63.7M

Located at 861 S. Rainbow Blvd. in Las Vegas, this retail property was recently sold in a transaction facilitated by Brixton Capital and broker Rob Ippolito of Newmark. The sale price for the property was $63,700,000, with a total area of 259,980 square feet. With a price per square foot of $245, this transaction represents a significant investment in the Las Vegas retail market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $63,700,000
• Square Footage: 259,980
• Price Per Square Foot: $245
• Seller: Brixton Capital
• Broker: Rob Ippolito - Newmark

Rob Ippolito, representing Newmark, played a key role in this transaction. The involvement of Brixton Capital as the seller demonstrates their strategic decision to sell this retail property in the vibrant Las Vegas market. This successful deal highlights the strong interest in commercial real estate in the area.