110 Acres Of Las Vegas Land Purchased For $330 Million On The Strip

Focus Property Group110 acres of Las Vegas land purchased for $330 million on the Strip. A New York investment firm, SDS Investments, took out a hefty $400 million mortgage loan for costs and to pay for the real estate for sale.

SDS Investments is committed for the long term in Las Vegas Nevada real estate with no intentions of condos being built.

Development plans for the land has not been disclosed and it is bound by I 15 and the Las Vegas Boulevard South.

Other land owners in the south valley have their properties for sale at $4 million an acre. This purchase could be a value play.

Sources say that Jack Kashani, World Market Center developer, could be involved in the deal near Blue Diamond Road and Warm Springs Road.

This year’s vacant land values are up 21.7 percent from year to date and are valued at $1.5 million an acre. Over a dozen acres of valued at more than $20 million an acre are located in the resort corridor.

The location of the large parcel of real estate is close to Town Square Las Vegas, McCarran International Airport and other office space recently developed.

PhoneCall 702-505-6988 for VIP Las Vegas NV real estate search with a Las Vegas real estate agent. Las Vegas REALTOR

110 acres of Las Vegas land purchased for $330 million on the Las Vegas Strip.

Comments are closed.