On November 30th, Savant Investment Partners announced the closing of their purchase of two Class B multi-tenant office buildings located in west Las Vegas. This 15,072 SF office plaza built in 1994, consisting of 8 total units, was purchased for $71.32/sf.
"We feel this is an excellent addition to our portfolio. The buildings will be completely overhauled to modern standards, and we expect construction to start in mid December. Construction plans are already in place and should complete within 60-90 days," says Jordan Wirsz, CEO of Savant Investment Partners.
Savant Investment Partners is proud to announce the acquisition of a 44,176 +/- SF industrial/warehouse building in the center of Las Vegas, NV.
“This particular deal was incredibly complex and I am thrilled that we’ve finally made it a part of our portfolio,” says CEO, Jordan Wirsz. “The building was purchased well below current market value and is currently cash flowing extremely well with anticipated returns in the double digits. We worked on this deal for more than six months and negotiated with more than four individual sellers of the building. A journey well worth it.
Las Vegas, NV - Savant Investment Partners sells multi-tenant retail space in Las Vegas for $1,735,000 on August 26, 2015. The retail property, originally built in 2008, is approximately 11,668 SF and is located at 9272 Tamarus St., Las Vegas, NV 89123. The space was sold with 100% occupancy - up from 81% at the time of purchase last November. The sellers represented themselves through, Jordan Wirsz, of Savant Investment Partners.
"This property was a tremendous opportunity that we took advantage of when we bought it last year, and we were very excited to close this sale,"” says Jordan Wirsz, CEO of Savant Investment Partners. "We took the property from an under-managed state with low occupancy to 100% occupancy and well managed in a matter of months. We are proud of what we achieved with the property, and our profitable divestiture of it."
Jordan Wirsz, CEO of Savant Investment Partners acquires 8,456 SF partially leased/built out multi-tenant office building at 4315 N. Rancho Dr, Las Vegas, NV 89130 for $570,000 – the property has been fully leased since purchase. Sellers were represented by Jason Brooks and Brendan Keating with The Equity Group. The approximate aggregate sales price for this transaction is $67.50 per square foot.
Savant is betting on the commercial real estate market rebound in Las Vegas, Nevada and Albuquerque, New Mexico.
Las Vegas, Nevada — Savant Investment Partners has announced that it has completed the acquisition of more than 27,000 square feet of commercial office properties located in Las Vegas, Nevada and Albuquerque, New Mexico, all of which are 2005 or newer construction. Savant Investment Partners joined forces with two investors to acquire this portfolio which is the beginning of Savant’s efforts to acquire $50 million worth of commercial real estate by the end of 2015. Savant’s CEO, Jordan Wirsz, headed up the acquisition negotiations and underwriting process.
“The commercial real estate market is just now gaining traction,” says Jordan Wirsz, CEO of Savant Investment Partners. Wirsz continued, “the commercial real estate market comeback is a bet we are more than willing to take. We believe that commercial real estate values could double in the decade ahead.”
Savant Investment Partners is a Las Vegas, Nevada based real estate investment firm, which handles a wide variety of real estate investment matters across the U.S. including multi-family, office, industrial, retail, and land development investments. Savant Investment Partners buys, sells, manages, and invests in real estate on its own behalf and alongside its investors/partners, and clients, as well as offers a variety of real estate related services including due diligence coordination. Savant has been involved in more than $100 million of commercial real estate investment acquisitions and divestitures in recent years.
Many well-funded individual investors are flocking to the real estate asset class, not the least of which are foreign investors from Canada, Australia, and China. “The real estate comeback is just beginning, and investors are finally gaining enough confidence back to get involved,” said Mr. Wirsz. He continued, “As the economy improves, commercial real estate is going to benefit in a very big way.”
Las Vegas, NV
Las Vegas, NV