Capital Square Buys CVS Property on the Las Vegas Strip

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Capital Square Buys CVS Property on the Las Vegas Strip

April 9, 2014

LAS VEGAS — Capital Square Realty Advisors LLC has acquired a 14,378-square-foot retail location on the Las Vegas Strip that is net leased to CVS for a reported $30 million. The store is located at 2700 S. Las Vegas Blvd. on the ground floor of Sky Las Vegas, a luxury condominium.

Sky Las Vegas is located near SLS Las Vegas and Resorts World Las Vegas, two new resorts that are currently under development on the north end of the Strip.

CBRE’s Charles Moore and Marlene Fujita Winkel represented the seller, Sky Las Vegas Condominiums Inc., in this transaction.The senior debt for Capital Square was procured by Adam Levinson of BGC Capital Partners.

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