Lake Las Vegas Continues to Grow
NAI Vegas is proud to announce the sale of 10 Acres located on the Northshore of Lake Las Vegas.
Nick Till, Senior Vice President of NAI Vegas, has been involved with the development of Lake Las Vegas for over 25 years! This was the last privately owned 10-acre parcel in the area and located on the Northshore region.
While the development of Lake Las Vegas has seen its ups and downs in the past, the area has taken a great leap forward and is booming.
Lake Las Vegas is an Incomparable Desert Oasis, just minutes from McCarran International Airport and the Las Vegas Strip. The community boasts a resort style lifestyle with waterfront features.
The area is known for affordable luxury homes to extravagant custom homes surrounding the water front interspersed with Watersports, Golfing, miles of Trail systems, Live Entertainment, Dining and Shopping at The Village, along with community involved activities and visiting vacationers.
The buyer, a major home builder, plans to develop the site for future homes on the Northshore 10-acre parcel. Till worked diligently to negotiate a great sales price with both the Developer and Major home builder on the purchase, closing the property for $7.5 Million before year end in a highly competitive Las Vegas market.
“This was a significant return on the property for the owners,” Stated Till, “the original parcel was purchased for roughly $1 Million, and in today’s highly motivated market it was a great sale and acquisition for both parties.”
You can find more information about the Lake Las Vegas community by visiting their website HERE http://lakelasvegas.com
About NAI Vegas and NAI Excel
NAI Excel and NAI Vegas are leading providers of Commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.
Nick Till
Nick has a unique and extensive understanding of Land and Land Development with all CRE specialties from Master Planned Mixed Use projects, Hospitality applications, Industrial Park developments, Office Park developments, and Multi-Family projects. With his background as a Licensed General Contractor, whose family built and developed extensive Residential and Commercial projects in Southern California, he brings a strong relationship built skillset to consult and advise on all the necessary details in positioning a Land Asset so that it brings maximum value to the client and the most profitable exit strategy to an owner.