Avison Young Vice President, Capital Markets Dave Wrzesinski represented the seller, a private investor from Miami, FL. The buyer, Tacoma, WA-based Harts Lake, LLC, was represented by Don Goethals of RE/MAX Extra, Inc.

“The 1031 exchange buyer was attracted to this opportunity to acquire an asset with a high cap rate and strong tenant,” said Wrzesinski. “Additionally, this property is the only movie theatre in the City of Mesquite, making it even more appealing as a solid investment.”

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