Las Vegas, NV (PressExposure) January 28, 2012 -- National automotive tenants Cruise America and J.D. Byrider both signed leases in the Las Vegas valley last month in order to take advantage of the opportunity to secure high traffic locations. Both leases were handled by Neal Anzalotti at Fortis Commercial Advisors who represented the landlord in both transactions.
Cruise America is an international tenant which operates 149 sales and rental locations within the United States and Canada. The 10 year NNN lease was the former Budget facility located at 551 North Gibson Road in Henderson, Nevada just east of the 95 freeway at Sunset Road. The showroom facility sits on approximately 2.75 acres and is highly visible from the freeway.
JD Byrider, a national franchiser with locations in 30 states, inked a five year lease with options for the former Kia facility located at 5600 West Sahara Avenue. The NNN lease included an 8,500 square foot showroom and a 3,500 square foot service facility on 3 ½ acres at Sahara and Westwind just west of Lindell. The financial terms of the lease are not disclosed. The tenant, J.D. Byrider, sells previously owned cars that are backed by a 3 year warranty and also provides quick financing options to its customers.
Anazalotti, who has been with Fortis Commercial Advisors since 2009, says "In both cases, the landlord was very pleased with the transactions. We believe both J.D. Byrider and Cruise America are ideal tenants and we look forward to having them for a long time" he goes on to say "tenants are certainly out there and ready to act for the right properties. These negotiations took as long as a year to finalize but we had a strong willingness to put together reasonable transactions without compromising the values of my client's properties. We achieved that goal and all parties involved are happy with the outcome." About Fortis Commercial Advisors.
Fortis Commercial Advisors is a leading boutique commercial real estate advisory and brokerage firm located in Las Vegas, Nevada. The firm was founded in 2007 by former Sperry Van Ness brokers Dean and Frank Jalili and specializes in commercial real estate sales, investment and leasing. For more information regarding Fortis Commercial Advisors, please visit http://www.FortisAdvisors.com.