LAS VEGAS, NV (February 14, 2024) SVN | THE EQUITY GROUP, one of the nation’s premier brokerage firms, successfully completed the transaction of Phoenix Plaza, located at 6360-6480 W. Flamingo Road, Las Vegas, Nevada 89103. The property, a neighborhood center encompassing approximately 54,949 square feet, was sold for $14,418,000, achieving 98% of the asking price. The sale attracted multiple offers, and SVN facilitated the acquisition by a 1031 exchange cash purchaser who required minimal financing, leading to a swift closing in under 60 days from the signing of the Purchase and Sale Agreement to the Close of Escrow. Eric Rogosch and Nolan Julseth-White, CCIM of SVN | The Equity Group represented the Seller, and Zechariah Levi, CCIM, of SVN | The Equity Group represented the Buyer.
About SVN | The Equity Group
SVN | The Equity Group is an independently owned and operated SVN® office located in Las Vegas, NV. One of Southern Nevada’s leading full-service commercial real estate companies, we combine a comprehensive national footprint with local decision making, expertise and market-leading execution. A mainstay in the local commercial real estate industry for over 42 years, SVN | The Equity Group has built a solid reputation on providing market-tested counsel and hands-on services to help clients interested in retail and commercial real estate make informed decisions. For more information, visit www.SVN-TheEquityGroup.com.
About SVN International Corp.
The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 2,000 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
