Centennial Gateway is a +/- 93,906 SF multi-tenant retail building positioned in the Centennial retail power corridor and was sold at 100% occupancy. Prior to the sale and at initial purchase, the property was highly distressed and had an occupancy of 6% consisting of one tenant. Logic worked with the seller to lease up and stabilize the property to 100% occupancy, including adding a pad restaurant building and ATM. Centennial Gateway fits a market trend for the team to lease up a property to increase value and then run a sales process to maximize the sellers returns.
100% Occupied Multi-Tenant Retail Center in Northwest Las Vegas
Stabilized Trophy Asset with long-term stability in rent roll
7.68% Capitalization Rate