SOLD
Kingsbam Realty Capital Sells Retail Property In Las Vegas For $7.1M
8880 South Rainbow Boulevard
Retail
3,500 SF
3,500 SF
Sold 103 days ago
Summary
Sale
NEVADA
Retail
3,500 sqft
An investor based in Las Vegas has acquired a retail property located at 8880 S. Rainbow Blvd. in Las Vegas, NV. The property, occupying an area of 3,500 square feet, was sold for a price of $7.1 million. The asset, which is currently leased by Conoco under a 20-year absolute triple-net lease with LV Petroleum LLC, offers a potential annual income for the new owner.
Summary of transation details
- Property Type: Retail
- Sale Price: $7,100,000
- Square Footage: 3,500
- Price per Square Foot: $2,029
Patrick Luther from SRS Real Estate Partners represented the seller, Jeff Pori of Kingsbam Realty Capital, in this transaction. The deal was facilitated by SRS Real Estate Partners, a renowned real estate agency. The sale of this property provides insights into the active real estate market in Las Vegas and highlights the expertise of the involved parties.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Jeff Pori & Patrick Luther
DATE: 01/26/2024
ADDRESS: 8880 South Rainbow Boulevard
MARKET: Las Vegas, NV
ASSET TYPE: Retail
SELLER: Jeff Pori - Kingsbam Realty Capital
BROKER: Patrick Luther (@Luther_Companies) - SRS Real Estate Partners
SALE PRICE: $7,100,000
SF: 3,500 ~ PPSF: $2,029
NOTE: SRS Real Estate Partners facilitated the sale of a retail property at 8880 S. Rainbow Blvd. in Las Vegas. The 3,500-square-foot property, occupied by Conoco under a 20-year absolute triple-net lease with LV Petroleum LLC, was sold by Kingsbam Realty Capital to a private investor based in Las Vegas for $7.1 million.View on map
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Address8880 South Rainbow Boulevard
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