DTZ, a global leader in commercial real estate services, announced today the $15 million sale of Alamosa Plaza, 2833-2949 East Desert Inn Road, Las Vegas, NV.
DTZ Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Pan Pacific (Alamosa), LLC. The buyer of the ±77,650 SF Albertsons-anchored neighborhood retail center was RPM Investments, Inc. (dba Stockdale Capital RE, LLC, Los Angeles).
“Alamosa Plaza provided Stockdale with a well-positioned asset and strong in-place income with over 75% of the center’s total leasable area under contract through 2021,” according to Mr. Schubert.
Built in 1985 and fully redeveloped in 2005, Alamosa Plaza is an infill shopping center with a highly visible location on the southeast corner of East Desert Inn Road and Pecos McLeod Drive. Anchored by Albertsons, Alamosa Plaza was 90.5% leased at the time of sale to a total of eight tenants.
Dan Adamson of Las Vegas-based ROI Commercial Real Estate assisted DTZ during the sale transaction.