Longford Medical Center Sells for $17.3 Million
Jason Simon and Rob Lujan of Gatski Commercial represented the seller LNR/COMM 2006 – C8 Office 7455, LLC, in the disposition of Longford Medical Center located at 7455 W. Washington Ave., in Las Vegas, NV. Gabe Telles, SVP and Managing Director of Gatski Commercial represented the buyer, Stable Development, in the acquisition.
The bidding to acquire the Class-A medical office building was held on Auction.com August 25, 2014, and concluded on Wednesday August 27, 2014 with a final sales price of $17,300,000.
The 128,762-square-foot office building is home to several widely known tenants including, Nevada Orthopedic and Spine Center and Sonoran Medical Imaging.
“The sale of the asset was simply the culmination of a strong leasing campaign to ensure that the asset was positioned properly for the sale.” – Rob Lujan
Gatski Commercial will continue to manage the asset, and work with Stable Development on leasing to stabilize the property.
Gatski Commercial Real Estate Services is Southern Nevada’s largest privately held, full-service commercial real estate firm, representing 8 million square feet of commercial space. Owned by Frank Gatski, CPM, CCIM Gatski Commercial has served Southern Nevada commercial real estate owners since 1993.