Triple Net Properties represented tenant-in-common investors in the purchase of a 124,000-square-foot office complex in Las Vegas, Nev.
The value of the transaction was approximately $17.5 million.
The property, Park Sahara, is a five-building office park that was constructed in 1979-1980 and recently remodeled.
At the time of sale, Park Sahara’s major tenants included ABPA, Vega Financial Inc., Nevada Department of Education, Nevada Department of Employment and The Galliher Law Firm.
Saunders Property Co. was the seller.
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