LAS VEGAS, NV (April 19, 2023) SVN | THE EQUITY GROUP one of the nation’s premier brokerage firms, completed the sale at 1885 Village Center Circle, in Las Vegas, Nevada 89134. This ±3,852 SF office building in Summerlin sold for $2.3 million, setting a record-breaking $597 price per SF for office product in Summerlin. Nolan Julseth-White, CCIM, NV #BS.146060 and Zechariah Levi, NV #S.189634.LLC of SVN | The Equity Group represented the Seller, Early Spring LLC.
SVN The Equity Group strategically took this newly renovated office building in Summerlin to market last year as a vacant building for lease up to 49%. The investment team successfully leased 49% and shifted focus to selling the property, targeting owner-users. They were able to identify a qualified buyer within 30 days and closed successfully with financing in place.
“Nolan and Zech worked quickly to identify a qualified owner-user who could qualify for favorable SBA Financing after strategically leasing my property up to 49% occupancy. The investment team provided consistent updates and guidance allowing for a seamless transaction. They were aware of several likely buyers for the asset and worked to bring the correct buyer to the table to ensure a successful disposition of my property.” – Helen Duffy (Owner)
About SVN | The Equity Group
SVN | The Equity Group is an independently owned and operated SVN® office located in Las Vegas, NV. They are one of Southern Nevada’s leading full-service commercial real estate companies managing over 80 properties totaling over 10 million square feet. 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.