LAS VEGAS, NV, November , 2019 – The Dustin R. Alvino Team has announced the sale of the Sahara West Center, a multi-tenant retail center located less than two (2) miles from the Las Vegas Strip. The property was listed by First Vice President of Investments, Dustin R. Alvino, and Investment Specialist, Darren J. Alvino, II.
Sahara West Center is 27,600 square foot retail center located off West Sahara Ave and Valley View Blvd – two prominent, highly trafficked roads. It is a value-add retail center with immediate upside and below-market rents. The asset, owned by the original developer, was sold for $3,930,000 after securing multiple competing offers from buyers out of California, Nevada, Texas, and Florida.
The buyer, a local investor, was looking for a long-term retail investment with stable cash flow and future upside. This investment will yield an annual return just north of 10% without pushing rents. Additionally, the buyer plans to invest +/- $300,000 in improvements to bring the center up to a more modern look and feel.
For more information regarding the sale of Sahara West Center or if you have questions about investment opportunities in the Las Vegas Market, please contact Dustin R. Alvino or Darren J. Alvino, II.
Dustin R. Alvino | (702) 215-7120
Darren J. Alvino, II | (702) 215-7121