Marnell Corporate Center 3, a 71,400 square foot Class-A office building has sold for $325 a square foot to a private investor. The property was 87% occupied at the time of the sale.
Dornin Investment Group, the seller, had owned the property since 2014. They bought it for $222 a square foot. This property was the third and final disposition of a portfolio which sold for a combined price of $58.7 million.
The three-story office building is located adjacent to the McCarron International Airport and is close the the Las Vegas Strip.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.