Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HENDERSON, NV-Sunset Plaza, a 34,300-sf retail center here, has changed hands for $14.3 million or $417 per sf. Shadow-anchored by Home Depot, the property is fully leased.

The development is located at 1000 -1152 W. Sunset Rd. amid a host of other retail offerings in the immediate area. Sunset Plaza tenants in the center include Sprint, Big & Tall, Barbeques Galore, Farmers Insurance, Nevada Federal Credit Union and Supercuts.

In addition to the Home Depot, the property abuts a one-time Costco warehouse retail building that was recently leased to Wickes Furniture Co. Wickes reportedly opened a store in the building late last year.

The seller was Mandan Investment LLC, an entity whose managing partner is G.H. Cooper Properties of Los Angeles, according to the deed of sale. The buyer is an entity of Sun Life Assurance of Canada.

One of the brokers in the deal, Barry Rothstein of NAI Capital in Encino, CA, tells GlobeSt.com that the initial cap rate for the new owner of Sunset Plaza is approximately 7.2%. Rothstein was assisted in the transaction by Cathy Jones of Las Vegas-based Sun Commercial and Paul Miachika of Sun Commercial in Phoenix.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.