Success Story: Valley View Phase V

  • Jul 12, 2018
  • Marketplace Closings

SALE PRICE: $7,500,000
The sale of a 72,000+ SF commercial/light industrial property located in Las Vegas, NV. The seller, after careful consideration of a traditional sale and various online platforms, determined that having a Classic Sale Event on RealINSIGHT Marketplace would yield the best results. The asset was built in 2006 and is centrally located in the market, however, two of the three tenants (82% of NRA) were set to roll within two years creating severe near-term cash flow issues. Marketplace was able to select the optimal national broker with in-depth local knowledge to market this asset and find the buyers in the market that could understand and mitigate these near-term risks and purchase this asset at a price above what the seller expected.