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Avison Young brokers $3.6 million acquisition of a 10,000-sf medical office building on behalf of owner-user in Las Vegas
January 17, 2023
Las Vegas, NV – Avison Young announced today it has brokered the $3.6 million acquisition of a 10,000-square-foot medical office property located at 6070 South Fort Apache Road in Las Vegas, NV.
Avison Young Principal Barton Hyde represented the buyer, AABECK, LLC, an entity of Wound Care Experts, owned by Dr. Naz Wahab. The seller, VUELTA, LLC, an entity of a pain management group who formerly occupied 5,000 sf at the property, was represented by Kevin Donahoe of Commercial Specialists.
“Wound Care Experts operates three locations in greater Las Vegas, and this is the first property they have acquired as an owner-user,” said Hyde. “They will occupy the 5,000-sf, fully improved space that the seller recently vacated. The remaining space is leased to a physical therapy group.”
He noted that Las Vegas’ Southwest submarket has extremely low inventory for built-out medical spaces. “There was a significant amount of interest in this property from both end-users and investors. Ultimately, my client presented a strong full asking price offer and is poised to thrive in this favorable location as Las Vegas’ population continues to grow.”
Built in 2008, the property features reserved, covered parking, a large waiting room, 12 exam rooms, break room, billing office and two doctors’ offices, and is well-located minutes from Southern Hills Hospital.
The Southwest submarket is the most sought-after location within greater Las Vegas due to its central access to Summerlin, Henderson, North Las Vegas, McCarran International Airport, Las Vegas Strip, and modern housing communities.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.
For more information:
Media Contact: Darcie Giacchetto, Media Relations Specialist – Southwest: +1.949.278.6224