Las Vegas commercial land sells for over $1,000,000 an acre

Aug. 13, 2010 - PRLog -- In a rare non-REO or distressed transaction, highly respected boutique commercial real estate company, Fortis Commercial Advisors brokered the sale of 1.9 acres of land at the corner of Blue Diamond and Durango on behalf of Durango Rock, LLC, the seller. The raw land sale was completed at $23.92 psf.

The parcel, situated on a double section corner, is zoned C-2 commercial and intended for commercial use by the buyer.

"It's evident that despite the distress in the market, prime land parcels are still a viable commodity. It's just a matter of identifying the right buyer and structuring a reasonable deal." says Fortis' Managing Partner and Broker Dean Jalili.

Fortis Commercial Advisors has recently been making headlines as it continues to gain market share from larger firms because of it's boutique service and team approach. Costar recently ranked the firm a Top Sales Firm in its 2009 Power Broker Awards. Since 2007, the firm has handled over $200 million in commercial real estate transactions on behalf of private and institutional investors.

For more information on this transaction and others, please visit http://www.FortisRE.com.

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Fortis Commercial Advisors is a leading boutique real estate investment brokerage headquartered in Las Vegas NV. Fortis provides representation service to owners, investors and tenants of commercial property.