32 acres at 1525 and 1545 Wigwam Parkway in Henderson. Ron Opfer represented the seller. One of the largest non-bulk land purchases in recent years, the land was purchased by The Wolff Company. The Wolff Company is a real estate private equity firm that develops high-quality multifamily assets.
We look forward to seeing how The Wolff Company develops the property, which is certain to be a great addition to Henderson. The Goodwill on 1390 American Pacific traded for $7,230,769. Costar noted the cap rate to be 6.25% Triple Net investments like these are popular and are likely to remain so as it appears that there is little upside pressure on interest rates and yields across a wide spectrum of asset classes remains low.
Lance Hamrick represented the seller of 6175 Sahara Ave, a boutique car dealership. The dealership traded for $3,000,000 and is now Newport Motors.