Please Wait ...

Las Vegas Retail | Value Add Opportunity

Shadow Anchored by Albertson’s

 

LOGIC Commercial Real Estate, in conjunction with RealINSIGHT Marketplace, is pleased to offer for sale Rancho Alta Mira, a 35,458 SF portion of a retail center shadow anchored by Albertson’s (NAP) within a dense and mature suburb of Las Vegas, NV (the “Property”).  Developed in 2001, the Property is comprised of 3 separate buildings with notable tenants including Urgent Care Extra, Papa Murphy’s, H&R Block, Allstate Insurance and Great Clips.

 

Investment Highlights

HIGH PROFILE MULTI TENANT RETAIL CENTER

  • Albertson’s (NAP) shadow anchored center – one of the dominant grocers servicing the Las Vegas valley
  • Albertson’s enjoys a history of strong store sales that are consistently above market average
  • Strong tenant line up offering a variety of retail services including a healthy mix of national, regional, and local tenants

 

STRATEGIC RETAIL SITE WITH EXCELLENT STREET EXPOSURE

  • This Property services a dense and mature trade area with a strong residential population of +/- 430,512 residents with an average household income of +/- $78,138 within 5-miles
  • Strategically located on W. Craig Rd. (+/- 55,000 CPD) and N. Decatur Blvd. (+/- 37,000 CPD), featuring strong traffic counts and tremendous visibility with easy access. The center is also located in proximity to US-95 Freeway (+/- 151,000 CPD) and CC 215

 

VALUE-ADD OPPORTUNITY

  • Provides immediate upside through lease-up of existing vacancies
  • Under-market rents providing long term upside
  • Well maintained, aesthetically pleasing asset

 

 

 

Investors interested in engaging Logic Capital Markets (“LCM") and CW Capital Markets (“CW”) to arrange financing for Rancho Alta Mira should contact Jeff Mahoney via email (Jmahoney@Logiccre.com) or by phone at (702) 954-4131.  LCM will provide preliminary debt quotes to all investors/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

 

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.

Rancho Alta Mira - Las Vegas, NV

4900 West Craig Road, Las Vegas, NV 89130

Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 3.47 Acres
  • Year Built
  • 2001
  • Number of Floors
  • 1
  • Number of Buildings
  • 3
  • Parking Count
  • 155
  • Occupancy
  • 75.33%
  • Occupancy as of
  • Jul 24, 2019
  • Retail Type
  • Grocery Anchored Center
  • Anchor
  • Shadowed
  • Anchor Tenant(s)
  • Albertson's
  • Property Size
  • 35,458 Sq Ft
  • Platform Fee

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

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

  • Auctioneer

    1. Shane P. Jacob

      c/o Fisher Auction Company Inc.

      License: NV20141327564; P63-000561