A team of brokers from Marcus & Millichap representedSovereign, a private equity investment firm headed by Peter M.Mavoides. For Marcus & Millichap, the participants were BradBailey, regional manager in San Antonio; John Vorsheck, regionalmanager in Las Vegas; Ray Fontaine, a senior associate in Phoenix;and investment sales specialist Daniel Kahn, also in Phoenix. ScottEngelberg of Prudential Realty secured the buyer.
The three properties, which combine office and industrial space,include 10925 Marconi Ln. in El Paso, a 23,500-sf asset that soldfor $2 million. The second is 9052 Yosemite Ave. in Henderson, CO,a 43,000-sf building that fetched $4.5 million. And 4581 Eaker St.in North Las Vegas, 27,576 sf, went for $4.8 million.
Tenant Canyon State Oil is a Phoenix-based distributor of oiland other fuels.
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