Sold.
West Wendover Nevada is primarily known for its gaming and entertainment, but this summer all of the land directly west of town traded hands. The 390 acre sale comprised land approaching I-80 on the north and wrapping around the west side of the Toana Vista Golf course sold to a group of investors intending to hold the property for an undetermined purpose. According to the Assessor’s office, the land had originally traded hands in August of 2006 for $9.3 million but the developers plans for a hotel, casino, RV park and additional improvements failed to materialize and the property ended up in the hands of one of the lenders until the August closing.
Neil Walter with NAI Vegas and NAI Excel represented both the Seller and Buyer in the transaction. Brandon Vandermyde with NAI Excel consulted with the Buyer and acted as a principal in the transaction.
Neil Walter, MBA | Chief Executive Officer Investment, Development Land, Special Use Assets
Neil is both partner and CEO for Brokers Holdings. His client base is primarily focused on investment properties, development land, special use assets with or without the accompanying business, and difficult to sell REO properties. Neil’s professional experience is built on a capital markets foundation of deal structuring, cash flow modeling, and asset pricing. He has worked on projects including development land, multifamily and student housing, convenience store portfolios, grocery stores, motel/hotel properties, manufacturing companies, transportation companies, wind farms, farms and ranches, professional service firms, and start-up entrepreneurial ventures. He has advised on transactions with or without real estate.
Brandon Vandermyde | Vice President
Brandon brings nearly a decade of real estate experience to NAI Utah Southern Region. He has extensive knowledge and experience in the local real estate market, and has worked as an advisor to several companies as their broker and real estate consultant. His experience in negotiating, deal structuring, analytical skills, and marketing are of great benefit to both NAI and his clients.
His marketing expertise, out of the box thinking, and vigor helped win the national O’Reilly Auto Parts disposition account after they merged with Checker Auto Parts. He was commissioned to be the disposition manager and compiled a team charged with selling and leasing their excess commercial real estate after all over the country.