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LOGIC Commercial Real Estate in conjunction with RealINSIGHT Marketplace, is pleased to offer for sale Cheyenne Commons (the “Property”). Cheyenne Commons is a +/-361,486 SF Walmart, Floor & Décor and Ross anchored power center developed in 1993 within a dense and mature northwest suburb of Las Vegas, NV. The subject property is positioned at the southwest corner of Rainbow Blvd. and Cheyenne Ave. along the US-95 Freeway, featuring +/-1,600 ft of frontage on Rainbow Blvd. with combined traffic counts in excess of +/- 227,000 CPD. Cheyenne Commons is located in close proximity to Mountain View Hospital, with 340 beds and over 2,600 employees and physicians, while servicing a 5-mile population of +/- 416,659 residents with average annual household incomes of +/- $74,243.

INVESTMENT HIGHLIGHTS

  • Value Add Opportunity: Cheyenne Commons is 80.12%* occupied with over 70,000 SF available for lease in prime locations within the center.
  • Recent Renovations Completed: In August 2018 the seller completed a renovation of the center totaling over $2,700,000, including new roof, paint, new awnings, updated lighting, parking lot repairs, landscaping repairs and updated pylon signs.
  • Dense and Affluent Demographics: Cheyenne Commons services residents both East and West of the US-95 including affluent NW Summerlin, The Pueblo and Desert Shores communities with +/- 416,659 residents within a 5-mile radius and average household incomes of +/- $74,243.
  • Excellent Freeway Visibility & High Traffic Location: Cheyenne Commons serves as the dominant retail center within the immediate trade area as it is conveniently located directly off the US-95 freeway (164,000 CPD) at the signalized southwest corner of Rainbow Blvd. and Cheyenne Ave. boasting combined traffic counts in excess of +/- 63,000 CPD.
  • Excellent Ingress and Egress: Cheyenne Commons has 8 points of ingress and egress with access from Cheyenne Ave. and Rainbow Blvd. at two separate signalized intersections providing complete cross access and easy traffic flow throughout the entire Property.

 

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Borrowers interested in engaging Logic Capital Markets (“LCM”) and CW Capital Markets (“CW”) to arrange financing for the Property should contact Jeff Mahoney via email (Jmahoney@Logiccre.com) or by phone at (702) 954-4131. LCM will provide preliminary debt quotes to all borrowers that exclusively engage LCM and CW to assist with debt placement.

LCM and CW Advantage:

  • Preliminary underwriting and lender quotes
  • Property access to conduct lender due diligence
  • Reliable execution to close with financing in-place
  • Strong network and long-standing relationships allows our clients access to the most competitive terms
     

LOGIC Capital Markets is a leading financial intermediary for investors, developers and operators of commercial real estate. Through our strong network and long-standing relationships, we are able to provide our clients access to the market’s wide range of financing solutions to fit any situation.

Below is an outline of our fee-based advisory service through which we provide our clients access to the capital markets and proactively manage every step of the financing process. Please contact us to discuss your financing needs and assist you in finding the best possible solution to meet your financing needs.

Transaction Types

  • Acquisition
  • Development
  • Construction
  • Renovation / Repositioning
  • Refinance

Financing Solutions

  • Permanent Loans
  • Bridge Loans
  • Hard Money
  • Construction
  • JV Equity
  • Mezzanine Debt
  • Preferred Equity

Relationships

  • Local, Regional & National Banks
  • Credit Unions
  • CMBS
  • Life Insurance Companies
  • Mortgage Banks
  • Agency Lenders
  • Family Offices
  • Institutional Equity
  • Private Mortgage Funds
  • Hard Money Lenders
  • Private Investors

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Cheyenne Commons

3001 N Rainbow Blvd, Las Vegas, NV 89108

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Power Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Walmart, Floor & Decor, Ross Dress For Less
  • Property Size
  • 361,486 Sq Ft
  • Land Area
  • 34.73 Acres
  • Year Built
  • 1993
  • Number of Floors
  • 1
  • Occupancy
  • 80.12%
  • Occupancy as of
  • Sep 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Shane P. Jacob

      c/o Fisher Auction Company Inc.

      License: #NV20141327564; P63-000561