City block near Container Park listed for sale


Have a few million to spare?

If so, you could buy a city block in downtown Las Vegas, just across the street from the Downtown Project’s hot Container Park.

Mike Mixer and Josh Smith of Colliers International’s gaming division have listed for sale a 2.33-acre block bordered by Carson and Bridger avenues in the north and south, and Seventh and Sixth streets to the west and east. It’s one of the last properties available downtown, the brokers said.

Colliers didn’t say how much the property is on the market for, but several entities bought up 12 of the block’s parcels from 1993 to 2007 for a total of $9.4 million, according to Clark County assessor’s records. Owners include Jeffrey and Sophie Lau of San Francisco, their company Good Earth Enterprises, and LIG Land Development.

Existing buildings include office space, residential units and a former hotel and hostel. There’s also a public right-of-way easement, some vacant land and one parcel that’s not involved in the deal.

The brokers said new owners could tear down and reconfigure development on the site, which is zoned for general commercial and apartment residence uses.

“The gaming and hospitality industry is seeing significant growth in downtown Las Vegas, and it’s rare to come across a property with so much potential in this area,” Smith said. “The future of this block is going to be a very important next step in the growth of our downtown.”

■ July brought a spate of big sales for several local brokerages.

Colliers International’s Dan Doherty. Chris Lane, Jerry Doty, Mike DeLew and Greg Pancirov represented Lag B’Omer Realty ADA Compliant LP in its $14.3 million sale of 172,236 square feet of industrial space at 5275 Arville St., 5010-5030 S. Decatur Blvd., and 5140 Rogers St. Dean Willmore represented buyer FJM Vegas Holdings LLC.

Doherty, Lane, Doty and Susan Borst also represented MDM Holdings LLC in its $1 million purchase of a 5,000-square-foot industrial property at 412 E. Gowan Road. Newmark Grubb Knight Frank brokers Ben Millis, Chris Beets, Mike Tabeek and Larry Singer represented buyer NC Industries.

Brian Riffel of Colliers represented BV/CIP Escondido LLC in its $7.3 million sale of 152,130 square feet of industrial space at 6620 Escondido St. to MAS Investments. It’s the second time in the past two years that Riffel has sold the property.

Jason Lesley and Bridget Richards, also of Colliers, worked with Sunstone Horizon LLC in its $2.1 million sale of 17,350 square feet of office space at 1661 Horizon Ridge Parkway. Andrew Corwin of Aeon Real Estate represented buyer Henderson Renal Construction LLC.

And Colliers’ Grant Traub and Chris Connell represented West Flamingo Road LLC in its $1.9 million purchase of 5.35 acres at 8161 Wagon Trail Ave.

Brokers with CBRE closed on some major office and retail deals.

Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski represented Riversource REO 1 of Minneapolis in its $4.35 million sale of Century Park, a two-building, Class B office park at 1771 E. Flamingo Road. The buyer of the 114,402-square-foot complex was Flamingo Spencer Garden LLC.

Moore, Winkel and Kolaczynski also represented Chang Hop LLC in its $1.55 million sale of a 13,500-square-foot medical office building at 1569 E. Flamingo Road, near Desert Springs Hospital Medical Center. Michael McLeod of Albright Callister &Associates represented buyer Scenic Vistas East LLC, which said it will reopen the shuttered property as a surgery center and clinic.

And the CBRE team helped Signersays LLC of Los Angeles in its $1.2 million sale of a 5,833-square-foot retail building at 6515 N. Buffalo Drive, in Centennial Hills. The buyer is AT MF Vegas LLC.

Finally, Sun Commercial Real Estate’s team of Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz and Cash Jordan represented Las Vegas Plaza Limited LLC in its $2.9 million sale of a 24,470-square-foot retail building at 5635-5695 E. Charleston Blvd. Aida Bahmanesh of ID Real Estate Co. represented buyer Sam Shakib.

Contact reporter Jennifer Robison at jrobison@reviewjournal.com. Follow @J_Robison1 on Twitter.

 

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