Nine-Building Vegas Campus Trades for $78M
NKF completed the $78.3-million sale of Centra Point, a nine-building, Class A office campus totaling 383,701 square feet in Las Vegas. The 72%-occupied assets, located at 8311-8395 W. Sunset Road and 6655 S. Cimarron Road, were built between 2004 and 2006 and are situated on more than 25 acres.
NKF’s Kevin Shannon, Ken White and Brunson Howard represented the seller, Washington Capital Management, Inc. on behalf of its clients. The buyers, PCCP, LLC and The Brookhollow Group, were self-represented.
“Centra Point is an institutionally maintained, Class A suburban office campus with scale, flexibility, and tremendous asset quality situated between the communities of Summerlin and Green Valley,” said Shannon. “The new ownership is acquiring Centra Point at a very opportune time with Las Vegas experiencing continued in-migration and business expansion that is positioning the city for long term, sustained growth.”
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