Commercial Center sells for $17 million

Mark Kaufman recently bought the 45-year-old, 116,267-square-foot Commercial Center at 953 E Sahara Avenue for $16,994,560, or $146-per-square-foot, from Sahara Plaza LLC and the Ron and Judith McMenemy Living Trust. NAI Horizon’s Ron McMenemy and Jeffrey Boughrum represented the seller.

Situated on 2.71 acres, the one-building retail center is 99 percent leased with such tenants as Q Club, Apollo Spa, Serge’s Wigs and Louts of Siam restaurant. The seller bought the building a year ago for $9.5 million, or $81.70-per-square-foot, from the Hornwood Living Trust. It spent $650,000 upgrading and repositioning the center before reselling it for a 40 percent profit.