Staggering returns expected as Savant never fails to find opportunities, this time with a commercial retail center in Las Vegas.
Las Vegas, NV - Savant Investment Partners has completed the acquisition of approximately 12,000 square feet of commercial retail property located in Las Vegas, Nevada. The 2008 built retail space was acquired at a staggeringly low $91 per foot and currently boasts 81% occupancy. Savant Investment Partners began work on this project in late October, and was able to successfully close the acquisition on a very tight timeline by late November. Savant’s CEO, Jordan Wirsz, was in charge the acquisition.
"This is a tremendous opportunity and we were blessed to be able to take advantage of it," says Jordan Wirsz, CEO of Savant Investment Partners. Wirsz continued, "You don’t find deals like this all the time. We expect our leveraged cash on cash return to exceed 20% upon lease stabilization, and nearly 200% return on equity within the next two to four years."
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.