HENDERSON, NV, Aug. 30, 2010 – Colliers International, the second largest real estate services organization globally, has completed the sale of the 104,030-square-foot Sunset Pointe Industrial Center at 505-585 W. Sunset Rd. in Henderson, Nev., to Laguna Beach, Calif.-based Bakken Wineville Properties, LLC for $4.8 million.
Sunset Pointe is a state-of-the-art business park comprised of 21 individual industrial buildings.
Built in 2009, the property features storefront glass entrances, 18-foot warehouse clearance and potential fenced storage yards on eight of the 21 buildings.
“We offer clients an efficient process that directly markets an asset to today’s buyer pool. Our marketing platform generated 15 offers, allowing our seller to capture the best price and deal terms.
Escrow closed within 90 days of listing the property,” said Scott Heaton, (top right photo) senior vice president in Colliers’ Downtown Los Angeles office.
Heaton, along with Patrick Barnes, (middle right photo) associate vice president in Colliers’ Downtown Los Angeles office, and E.J. Paul Sweetland (lower left photo) , IV, SIOR, vice president in Colliers’ Las Vegas office, represented the seller, City National Bank.
“This transaction illustrates a current market trend where a quality development goes from the original developer back to the bank, and is then purchased by another investor/developer,” added Sweetland. The buyer was represented by Mel Koich of Lee and Associates.
Contact: Megan Morales, Marketing & PR Coordinator, 949 724 5537, megan.morales@colliers.com
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