Thursday, December 19, 2013

Happy Holidays to Everyone!

I'd like to wish Everyone a Happy Holiday Season!

And a prosperous New Year to All!

My New Year's Resolution is to get my weight back down to +/-200 lbs!  Wish me, Luck!?

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidAtdavidhowesDOTnet OR call 70 25 01 93 88

Wednesday, December 11, 2013

Closing Today! on another Downtown Las Vegas Property!

I had a feeling this was going to happen.

I kept thinking that Tony was NOT going to wait until New Year's Eve to close on this small duplex in Downtown Las Vegas to Close this Sale!

AND, I keep telling you "supposed" investors to contact me, so you can buy one of these properties, and then "flip" to Tony!

However, all of you investors are too worried about making a killing!  There's no need to buy so low, you take away any incentive from the current owners to sell to you.

But, you seem to think you know best.  I suggest you come to Las Vegas, acquire one of these properties, and then "flip" at a smaller yet reasonable profit to Tony.  He is going to Buy ALL these properties sooner or later.

I just don't understand the extensive greed you have.

Most properties within the Downtown Projects area of acquisition are acquired already.  So, why not allow the current owners to ability to make some money and then you re-sell the property to Tony -- when he is ready.

Otherwise, I have advised my current Seller clients to sit an wait.  Tony is coming.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR call 702-501-9388

Tuesday, November 26, 2013

Your Buyer is Not Qualified Because We can't find Him in a Google Search!

A few days ago, maybe even late last week, I get a call from a LA Collier's agent who for some reason has a listing on an Las Vegas property telling me his Seller needs a warm and fuzzy feeling about my Buyer.

At first I laughed quietly to myself.  Then, he dropped a bomb shell saying that since he can NOT find my client via a Google search, he thinks he is NOT qualified to buy the property!

What stupidity!  I know at least a dozen people in Las Vegas, that you would be hard pressed to know whether they are qualified or not simply because of their appearance.  Most of these people are older.  They do NOT have an internet footprint.  And, just by looking at them, you would never be able to tell they were wealthy.  AND, they like it that way.

One which doesn't even have an email account owns 40 properties where he earns +/-$100,000 per month!
Every time I have to get a document to him, he tells me to fax it!  I don't have a fax.  It's passe. And, his daughter is studying Computer science at a well-known Southern California University.  She told me that she has tried to get him to use an email account in the past and he refuses to change the way he does business.

Another former client used to have a contract with the Clark County school system to supply food to them. He has an email.  BUT, he never checks it.  I have to call to tell him that I sent him the information he requested from me.  Once he does check the email, he is okay.

Anyway, NOT every property owner is on LinkedIn.  Not every Buyer has an email account.  Does that mean they aren't qualified to buy?

No!  And unfortunately, I sent this LA agent my clients financial information of the money he has on account in his financial statements.  The client asked for a loan contingency because he doesn't want to put all or even most of his money into one property -- which is smart since the property he made the offer on has a higher than normal rent payment by a national credit tenant.

So.  Why the defiance to my buyer?  I truly don't know the reason.  However, my guess is that since the local Colliers office has a reputation of double-ending deals, that this might be what they are trying to do. However, I do NOT know this for a fact.

In the past, I have gotten other clients from a national CRE company simply because the client asked the agents to find out IF a property on a specific corner -- whether listed or not  -- would sell.
He told me that the agents said that they do not do that.

Which is good for me since, that is one of the "things" I do.  If I know of a potential client "looking" for a specific property, I will try my best to get a hold of the owners and just simply ask a question.

(By the way, my buyer client told me to tell those agents, IF the Seller wants a warm and fuzzy feeling, he should accept his offer and he will get that feeling at the close of escrow. OR, go buy him a blanket.)

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Wednesday, November 20, 2013

RE Expert Suggests Buy and Hold Strategy is the Best Way Real Estate Investors Can Make Money!!

Surprised?  I'm not.

Just in case this was NOT news for everyone in the good ole US of A!

Buying real estate and holding it long term has always been the best way to get the best return on your real estate investment.

Now, this may NOT work as well for single family homes and condos.  BUT, in the CRE world, the best return has always been over the long haul.  Buy now; and Sell years from now when the investment has run its course.

When 2/3's of the billionaires in the US can attribute their wealth to real estate, it should NOT make anyone say: Golly, gee wiz!

If you start small and work your way up, one house at a time, or one small real estate investment at a time, over time, the return on the real estate will eventually pay off.

And, for you who are new to my blog, buying Las Vegas real estate does have a long term value increase preset before the 2008 economic disaster.

Most people who had acquired their Las Vegas properties a long time ago, did NOT lose their property because they had so much invested in keeping the property up to date and they did NOT over-encumbered it by a high LTV loan.  Never pay off credit card bills with your real estate equity.  I think it is dumb.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR call 702-501-9388

Wednesday, November 6, 2013

Las Vegas Value Added Retail Center Just Listed For Sale!

Attention! Investors!

A long time client of mine asked me IF I would sell his Neighborhood Retail Center that he owns in Henderson. I have introduced him to an attorney friend of mine to help him with a SHORT SALE! He wants to sell to be able to get out from under this debt property.

Now, this retail center is in a neighborhood where the City of Henderson has set aside about $1 Billion to help upstart and/or new businesses who will lease in this area.

The upside for the risk taking real estate investor, will be that once this is fully leased up, the Cap Rate could be as high as 13%.

The property has +/-12,700 SF in two two buildings on one 1.53 acre parcel of land. It is currently +/-60% Occupied! With Total Rent being collected at +/-$8,500 that puts the average PSF monthly rent at +/-$0.70's!

This rent number should be higher -- more like $1.00 PSF per month! And, there is room to improve on that with the way the economy in Las Vegas seems to be slowly improving. The other thing is, with the existing leases in their 2nd or 3rd years, rent renewals are going to improve the bottom line as this property rolls along into the future.

The main tenant is the Coin Operated Laundry and a local Mini Mart that competes with the 7-Eleven on the corner.

The Retail Center was built in 2007 and still looks (almost) brand new! The selling price could be as low as $1.2 Million.

There is money to be made but that is the future leasing capacity from the vacant +/-3,000 SF.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Monday, October 28, 2013

Downtown Las Vegas is Transforming! Get Involved Now or Miss out!

This past weekend was the "Life Is Beautiful" event that had Downtown Las Vegas full of young dreamers and believers!

Here is the Las Vegas Suns' Katz Report describing the event, the change and its destined forward direction of this area.

http://www.lasvegassun.com/blogs/kats-report/2013/oct/27/life-beautiful-throws-open-door-new-downtown-las-v/

And, here is a Las Vegas Review Journal article about the Then and Now of Downtown Las Vegas!

http://www.reviewjournal.com/news/downtown

Please enjoy!  Then, get together with your investor friends and call me about acquiring property in this area to redevelop along side Tony!

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Monday, October 14, 2013

IF Las Vegas City Officials were Smart?

That's right!

In my opinion, IF the Las Vegas city officials were smart, they'd offer developers the same incentives that the Downtown Redevelopment Project (DRP) is getting. Now, what I have seen and the impression I am getting is that the east side of Las Vegas Blvd, along Fremont Street could be an area of upscale office and retail and NOT just a party area for First Friday and teen drinking any other weekend.

Tony of Zappos' plans are pretty secret. And he may just be planning this. But, I believe that unless other developers get involved in this area, this is going to be pretty much the same as it has always been.

It is my belief that the need for higher end jobs is the key to getting this area redeveloped properly and it would have a positive affect on existing property values for the current owners in this area.

DRP has been able to convince several property owners in this area their properties are worth less than what has been paid to others in the area before they decided to sell. It's as if they didn't look at the area comparable sales in pricing their properties.

Granted most properties left in this area are low end housing and older homes which most likely need to be torn down.  But, to sell off to one buyer at the buyer's price is fueling a decline in the values.

That is why I have been standing firm in my listings in staying at the list price I have stated to these owners. Why sell cheap? Just because a sale near you was low at $24 PSF doesn't mean that, that is the value of your property. I have also cautioned that just because properties such as the Las Vegas Dragon or Ferguson's or Peter Pan Motels sold at $159 PSF doesn't mean your property is that high either.

But, in reality, another developer needs to step up and get involved. Other developments in this area are necessary to build competition so that the property values will increase thus making the current and future developments more valuable. And that would affect future re-sale prices in this area, too.

I have been marketing my listings to Pacific Rim investors and thus far I have received a lot of inquiries, but these investors are gun shy to pull the trigger. WHY? I ask. My guess is that they fear Tony's bank account.  I know it is NOT bottomless. But there is the rub.

East Las Vegas along Fremont Street has a reputation of being low end everything.  However, it could be a hub for business rather than a play ground for youthful Zappos' Millenniumers. who engage in underage drinking which will continue to be a problem and could set any development back IF not corrected without the Metro Police's involvement. So, IF you are brave and bold, this area of Las Vegas is in desperate need of high rise office, retail and non gaming hotel rooms just as any other well developed city has.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Wednesday, October 2, 2013

Club Owners, Chefs and Restaurateurs Looking at Opening a Restaurant in Downtown Las Vegas?! I have Four Properties!

Earlier this month I received a call from an associate real estate agent who has a client looking for sites in downtown Las Vegas to open their restaurant concept. She has a client who owns and operates restaurants who wants to be in a specific area of Downtown.

I sent her ALL the sites I have listed.  Fortunately, I have two properties in this area she is looking at Listed For Sale.

This got me wondering about ALL the things happening in Downtown where Tony Hsieh's Zappos Company is currently moving into the old Las Vegas City Hall building. He is attracting a lot of attention. And, it makes me wonder IF these business people who are following this are truly interested in moving into the downtown east area OR are they thinking of being in a casino along the Fremont Street Experience.  My immediate concern is: will they have enough foot traffic to succeed at the Downtown east locations?

From my perspective, more roof tops or housing is needed.

Tony's crew, lately, has been acquiring property at what I believe is below the normal or median price for this area.  I have advised my sellers to NOT ask too much IF they truly want to sell; rather ask for just more than the norm and under NO circumstance will I allow them to sell to the flippers.

Hopefully, with this inquiry to you today, we may see more activity in the coming months.

AND - just so you know - the area of the Downtown Redevelopment Project is east of Las Vegas Blvd; US 95 south to Charleston; and Las Vegas Blvd to Maryland Pkwy.  Of course, Tony's crew has bought property outside of this area, so anything could happen.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Wednesday, September 25, 2013

Lots of People Look; Very Few Buy! $300,000 for a Las Vegas Office Building!

Over the past year or so, I have been prophesying that the Las Vegas Commercial Real Estate Market "CRE" was losing it's "steal" muster.

Many of you "looked" at my blog; however, very few of you actually inquired about the steals that were happening. Unfortunately, the good ones have been SOLD.

(There were a few of you that did contact me just to tell me that the "steals" were in your opinion NOT steals because the property prices were still "too high" for you to actually make an offer. Since then, I have booted these people because they would still complain the price was too much even IF the properties were given to them for free.)

And, since then, most of the 8% Cap Rate properties have SOLD! ALL the small sports bars, gaming properties, and the Walgreen's were bought up! When one person was telling me that the prices were NOT steals; and least two were telling me they were.

For example: a recent 7 Eleven property was listed at just less than a hair less than a 7% Cap Rate. I contacted the owner who told me he put it on the market one day; and the next, he had 6 offers that ALL were for MORE than his listed price.

So, IF you ask and I reply by telling you the truth; please do NOT assume I am lying to you. (One Buyer kept telling me I was just lying to him to get him to pay more for a property. Okay. He wanted to offer a price that he felt was a steal and it turned out was the lowest offered to the Owner.)

Then, of course earlier this summer there was the idiot for Brooklyn. He had such a bad attitude. He was going to 'teach me' how to buy property in Las Vegas. In reality, he didn't have a clue as to how to buy a CRE property here in Las Vegas. And, after the debacle where he employed another broker to write a second offer on a property that I had written an offer for him first, I booted him, too. (Unfortunately, since he didn't listen, another client of mine who wanted the same property -- and who did listen to me -- is happily in escrow. The Brooklyn idiot didn't get the property because the owner knows me well enough to have respect for the real estate buying process. (Word to the wise, employ only one broker IF you are seriously considering acquiring a Las Vegas property))

AND, I do know of one property NOT ON THE MARKET that was taken back through foreclosure by the bank.  The Bank is willing to sell a +/-3,400 SF office building at a 10% Cap Rate!
Price: $300,000!
Hmmm? I wonder how many of you will tell me this is priced too high? OR, not enough of a steal?

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Tuesday, September 10, 2013

3 Sold! 7 to Go!

In the last ten months, I've Sold three Downtown Las Vegas Properties. I have seven more listed that are ready to be acquired.

Now, they ain't cheap. But, because they are in the direct and indirect path of the Downtown Redevelopment Project, these will be ripe for flipping or redeveloping them yourself.

Downtown Las Vegas is going to change -- even IF the change continues at a very slow pace. This acquisition area of the Downtown Redevelopment Project will be bringing in more housing, office space and retail. The nightclubs and entertainment area is pretty much covered.

So, IF you dare: I have several parcels which will accommodate various uses. Such as, restaurants, all forms of retail, and especially housing.  And, the need for store front office will come more into demand once the housing is well on its way to being built and occupied.

So, send me an email and I will forward the properties to you that I am talking about.

Two Motels, an Office building, and two small (tear-down) Office buildings, two Duplexes, and an Apartment Building.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Monday, September 2, 2013

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

This is an article of interest to those of you who are considering a resort acquisition.

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Saturday, August 31, 2013

"You are the Best Real Estate Broker Ever!"

Okay. I know. I am (shamelessly) patting myself on the back. But, I thought it should be known. With that said, I usually don't ever say anything to anyone anything about myself.  I try to let my actions speak louder.

But earlier last week, a long time client of mine, called and asked me to go get a cup of coffee with him. So, I agreed. When we met, I even offered to pay but he refused my gesture and paid.

As we were sitting down, a third gentleman entered and sat with us. It turns out it was my client's older brother. He had a real estate dilemma on his hands.

To cut to the chase, the brother needed to deed his house to his son so he could return to his country of origin to take care of some business there and was going to be gone for at least a year.

He wanted to deed his house in Las Vegas to his son but he wanted to keep some form of control over it so the son couldn't sell it without his permission. (I got the impression that this was more of a father-son control issue.)

Anyway, I set up a meeting at a Title Company so that the paperwork could be done correctly.

Anyway, while we were meeting, my client said something in their native language to which his brother who turned to me and was really glad to meet me. I thank him and we proceeded with the above discussion.

Afterward, the brother excused himself having to have to attend to other business. My client and I sat for a spell talking about the how real estate changed over the 10 plus years we have worked together.

(My client wants me to look for a property with long term income. He is going to retire and needs an income to last a good 10 to 15 years.)

Anyway, I asked him what had he said to his brother that made him change in enthusiasm when he first arrived?

My client said, he had told his brother when he arrived that he was meeting the Best Real Estate Broker ever. His brother didn't believe there was ever such a person because my client had at times said to him he was working with a broker that he felt was the best.

He said his brother was surprised to have finally met me. My client said his brother had always doubted him there was ever such a person.

Anyway, since that date, the deed has been taken care of; the brother has returned to their country of birth; and everything seems to be in order -- well, as much as I can tell being on the outside looking in.)

And since then, while my client and I have gone back and forth about investing in various parcels, my client injected into one of our conversations that his brother had let him know he was very happy I had helped him.  I said, "Tell him, 'Thanks.' I was just doing my job."

My client said that I have been the only real estate broker who has never, ever tried to "Sell" him something he didn't want. I always would make suggestions to him and then I would let him to decide. He has always been very appreciative of that.

And, before we departed he said that on every property he has bought and sold through me, I was always able to make him money.

Fortunately for me, my client was always smart about the "when" to purchase and the "when" to sell.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Sunday, August 25, 2013

"Moving to Nevada was like getting a raise in pay."

A Porn Star was quoted recently in a local news paper as saying that moving to Nevada from California was liking to a pay raise.

Over the years, I posed this question to only a few of the clients I work with and most seemed to never have even thought of it that way.

Now, several celebrities are residents of Nevada and they (still) live (part time) in California. I am sure that the California tax folk would be inquiring about this IF there was a sudden change in many wealthy Californians exiting the state.

But, one of the benefits of a Nevada Residency is that IF you earn income outside of California, you do NOT have to pay California a portion of those earnings.

And, Nevada being one of the few states without a State income tax, it's like the Porn Star said: "It's like getting a pay raise."

So, maybe when you are searching for a good CRE income property, you could also find a nice residential place which could become your new home.

This is just something to think about.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88

Monday, August 19, 2013

Four Downtown Las Vegas Properties For Sale in the Path of Tony Hsieh's Re-development Project!

With Tony Hsieh trying to acquire all the residential properties in the East Fremont Street area, I have Four properties listed that could make the right investor money.

Each property in itself is unique. And, they are (mostly) surrounded by Tony's Downtown Project crew.

One is just north of Ogden on 9th called the Alpine Motel.  even though Tony has concentrated on acquiring the residential properties down town, he walked into this one while showing Ashton Kutcher what he is doing, announced he was buying the place which resulted in the owner calling me and chewing me out for NOT telling him a showing was going to happen.

The truth is, Tony didn't tell anyone he was going to do this.  Even his RE Broker was caught off guard.

Then there are two small office buildings which are owned by a life long Las Vegas resident.  One building faces Ogden and the other faces 9th Street.  These are store front office buildings which could be used as an office on addition to Tony's downtown high rise office building where he plans to house a bunch of start ups!

If you are already in business and well beyond the start up phase, this building could be for you.  It will have access to all the surrounding properties that will be re-developed or constructed on the vacant land in this area.

Another building in this 9th Street area is an old assembly hall -- The Lodge.  This is very old and dilapidated building that has seen better days.  This will have to be torn down.

The last is a property that Tony should have bought late last year.  It is a duplex.  It is small ans the lot is small.  But, it is the last building on the block to complete the block's assemblage.  I have no idea why Tony's crew just does NOT make an offer and move forward.  He will need this lot to do anything along this corridor.

If interested in this area; and/or you want to make some money by flipping to Tony, these properties are worth going after.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATavidhowesDOTnet OR call 70-25-01-93-88

Sunday, August 18, 2013

Only One +/-8% Cap Rate Left for Las Vegas CRE Investment Property!

About a two weeks ago, I notified you blog readers that there were Two 8% Cap Rate properties available here in Las Vegas. These have credit tenant's on long term leases.

Unfortunately, there is only One left! And, that one (should) will be gone (hopefully) by Friday.

Most of you will NOT be able to acquire this because of the $3 Million price range.  But, those of you who have verifiable funds, should contact me today.

Because, those of you who will qualify, it pays an annual rent of +/-$250,000.00 -- which is more than enough money to help you maintain your life style which you have become accustomed too.

And, the first investor (out of this group of readers with verifiable funds) will have the opportunity to acquire this property today.

This is NOT a teaser. The property is leased long term by a regional restaurant company; and it is in a higher than normal income neighborhood.  And because of the strict zoning requirements, they are NOT going to give this location up!

So, IF interested, email me ASAP!

Las Vegas real estate is recovering quickly and acquiring a CRE property at an 8% Cap Rate is disappearing.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88!

Sunday, August 4, 2013

8% Cap Rates for two Las Vegas CRE Investment Properties!

That's correct.

And, the first investor with verifiable funds gets the worm.

This is NOT a teaser.  There are two CRE properties in Las Vegas that can be acquired for an 8% Cap Rate.

One will earn you $+/-315,000 in annual rental income!
The other will earn you $+/-250,000 in annual rental income!

The first is a retail center with a 7 Eleven as its anchor; the second is a freestanding PT Pub!

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88!

Saturday, August 3, 2013

"Clients who continually question the minor Purchase Agreement items are NOT Buyers!" Mike Sitren.

I miss Mike Sitren.

He was the best RE Broker I ever worked for.

Way back in 1991, when I left Retail Management for Real Estate, Mike Sitren took me under his wing and taught me a lot about real estate.

He was a short, stocky man who had been in California real estate for more than 40 years when he died in 1993.

In those two short years, he gave me more information about real estate client particulars than I have learned in the last 18 years all together.

He would say things like: A Buyer who demands an unattainable interest rate, is NOT a buyer.  Don't waste your time with them.

He admonished me for trying to help my wife's sister and her husband with a re-finance loan years ago.  He said never do anything in real estate for family; they will not appreciate it; and, IF something goes wrong, YOU are to blame.

I, unfortunately, made this mistake one other time.  It was THEN that I learned that Mike was correct.  (I don't speak to my brother anymore.)

Even as of today, when "things" happen during a real estate transaction, I remember his words of wisdom of what he taught me.

Recently, a client from New York wanted to "buy" a lease. That's what he said.
I asked: "Do you mean buying a property with a NNN leasehold encumbering it? Or, do you want to buy a leased that is a ground lease and you pay the fee simple owner a rent.

"No!" he said.  He wants to buy a property where the tenants pay ALL the expenses.  So, you want to buy a real estate property that is encumbered by a NNN Lease where the tenants pay ALL the RE taxes, insurance and CAM.  He said that's right.  I said, Okay!

So, I found him one. Then, as we are writing a Purchase Agreement, he starts demanding that in the offer, we outline the provisions of the lease that he is buying.  (What?)  In Nevada, they will give you basics about the lease, but NOT the whole lease prior to the Buyer supplying the Seller they are qualified to buy.

Well, he didn't want to put up an agreement or even provide the Seller with a financial statement he said has the appropriate amount of money to close the deal until he got to look at the lease.

I finally realized late today, that this New York Buyer didn't have a clue as to how or what he was trying to do.  He kept asking for things that would NOT be available until we were in escrow.  Mike said that buyers like this guy, are never a real buyers.  So, don't waste your time.

And, unfortunately, the more I tried to help him understand this process, the more he began to question other minor and basic purchase agreement items.

That's when I remembered Mike's warning.  Any buyer who continues to question minor items in a contract, is NOT a real buyer.

So, IF you are a real buyer, I have several properties that are worth the price because they are in the 8% Cap Rate range.  However, after this one, sending me your qualifying information is required -- up front.

And, IF you have been following my blog, you would know that an 8% Cap Rate for a property these days, IS a Steal.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 2-50 1- 93 88

Thursday, August 1, 2013

+/-8% Cap Rate in Las Vegas Commercial Real Estate

A fellow RE Broker/Developer here in Las Vegas wants to sell a property he developed a few years back. He wants to cash out so he can use the money to complete another property he is working on.

So, this is for Principals Only!

A small retail center on a Section Line street corner is available for sale at $3.9 Million. He is asking an 8% Cap Rate -- which every investor knows is a great steal currently.

So, Principals, send me an email and I will forward the details to you.

The tease about the property is that it is +/-13,000 SF with a national credit tenant on a corporate lease as the anchor. There is also a regional gaming operator on a leasehold here, too. There is also a 4,500 SF portion that is currently being brought to a vanilla shell which is the value added part of this property.

So, IF interested for more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88.

This is NOT going to last long at all!