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Cypress West Partners Adds Medical Offices to Portfolio Near Las Vegas

A four-building medical office/services portfolio near Las Vegas has moved from sale to sold in a recent $17.1 million deal. Bear Real Estate Advisors announced its representation of Cypress West Partners in the acquisition of a four-building, multi-tenant medical office building properties in the Las Vegas suburb of Henderson, Nev. 

Built between 1998 and 2002, the portfolio totals approximately 50,000 square feet and is 100% leased. Located at 2500, 2510, 2625 and 2649 Wigwam Parkway, the portfolio is located in close proximity to Parkway Surgery Center and St. Rose Dominican Hospital, with convenient access to Interstate 215, according to a news release.

“Medical office buildings are prized among real estate investors as they are historically among the most stable asset types,” said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. “Wigwam Professional Center is ideally located in the densely populated and affluent Green Valley neighborhood of Greater Las Vegas, where demand for healthcare services continues to grow along with the population.”

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