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

861 South Rainbow Boulevard
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This Retail property located in NV was sold for $63,700,000 over 2 years ago. The broker of the deal was Rob Ippolito

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.

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Deals
  • Location
    861 South Rainbow Boulevard, Las Vegas, Nevada 89118, United States861 South Rainbow Boulevard, Las Vegas, Nevada 89118, United States
  • Sale Price
    $63,700,000$63,700,000
    $245 PPSF$245 PPSF
  • Area
    259,980 SF259,980 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Rob Ippolito

Rob Ippolito

Deals8
Sold$334.1M

Agency

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

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Deal Summary

SALE IMAGE: Rob Ippolito DATE: 12/16/2021 ADDRESS: 861 S. Rainbow Blvd. MARKET: Las Vegas ASSET TYPE: Retail SELLER: Brixton Capital BROKER: Rob Ippolito - Newmark SALE PRICE: $63,700,000 SF: 259,980 ~ PPSF: $245

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861 South Rainbow Boulevard

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