Coldwell Banker Commercial REP Closes $1,125,000 Sale of Henderson, Nev. Professional Building.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Dec. 11, 2003 Coldwell Banker Commercial(R) REP, a wholly-owned subsidiary of Real Estate Partners Inc., today announced it has brokered the sale of an office building in Henderson, Nev. Dawson Davenport, president of Coldwell Banker Commercial REP, represented both sides of this $1.125 million transaction. The seller was Sunset Ridge Henderson LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Managing Member, Real Estate Partners. Located at 2920 Green Valley Parkway, the property, known as Building 9, Sunset Ridge Professional Plaza, is approximately 5,760 square feet. The building houses professional offices and is conveniently located near Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , providing tenants with easy access to business support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and amenities. This property was completed in approximately 1998. Acquired in May 2003 by Real Estate Partners for $153+/- per square foot, today's sale at approximately $196 per square foot demonstrates a return on equity of 48% in 5 months, which represents 115% annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return on equity, plus cash flow. Fred Johnson For the fictional character, see . Fred Johnson was a Major League Baseball player who played for the New York Giants and the St. Louis Browns. He debuted in 1922 on September 27th with the Giants. , CFO See Chief Financial Officer. of Bristol Center LLC, stated: "Real Estate Partners Inc. presented this investment to us in early 2003 for co-investment with their managed fund, Real Estate Partners Investment Fund I LLC. The presentation was very professional and easy to understand and the results speak for themselves, I can say we have never been happier. They (Real Estate Partners Inc.) exceeded their return forecasts by a significant margin with no drama or fuss. We will definitely invest with them (Real Estate Partners Inc.) again!" "This transaction is representative of the high level of service provided by Coldwell Banker Commercial REP, its agents and associates," stated Dawson Davenport. "Because of our experience, market presence and dedication to service, we are able to deliver transactions that provide exceptional value to our customers." About Coldwell Banker Commercial REP Coldwell Banker Commercial REP has been serving the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, area for many years and is renowned for its integrity, professionalism and customer service. With over 24 associates and an excellent support staff, Coldwell Banker Commercial REP has hundreds of years of combined experience in real estate. Our client list includes GE Capital, Lend Lease, Ford Motor Company, Samsung, Daimler/Chrysler, Ralph's Corp., Albertson's and many of the Fortune 500 companies. Trained in proprietary courses through Coldwell Banker University, the most comprehensive educational program in the industry, the company is empowered to provide its clients with expertise, dedication and up-to-the-minute market data. Coldwell Banker Commercial REP is an integral part of the Southern California business community, with offices in Newport Beach and Irvine. The company also sponsors Children's Hospital, Susan G Komen Breast Cancer Foundation, Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. , as well as other charities. For more information, call the company at 877-844-4040 toll free or visit the company's Web site at http://www.cbcrepca.com. Coldwell Banker Commercial(R) is a registered trademark licensed to Coldwell Banker Real Estate Corp. The Coldwell Banker Commercial system has more than 500 commercial real estate offices with more than 3,000 sales associates throughout North America, South America, Europe, Africa, Asia and Australia. The Coldwell Banker Commercial system is an industry leader in providing commercial real estate solutions, serving the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Coldwell Banker Real Estate Corp. is a subsidiary of Cendant Corp. (NYSE NYSE See: New York Stock Exchange :CD). For additional information, visit the company's Web site at www.cbcrepca.com or contact the company at 877-915-3297. Each Office is Independently Owned and Operated Except Offices Owned and Operated by NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage Inc. |
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