Bernardo Springs

Current Asset in Las Vegas, Nevada

Bernardo Springs is a 24,336 SF inline strip center with a value add component. At acquisition, the property was 76% occupied. The property was built in 1994 and had become outdated with a hands off owner. VAC purchased the asset at an attractive basis and is currently completing a facade lift and landscape replacement, among other improvements. VAC has owned the asset for several months and has already renewed several tenants up to market rates with a 20-30% increase over in place rents.

With the property improvements nearing completion, VAC will move to lease out the remaining vacancies and start a disposition process by the end of 2026.

The project is located off warm springs and the 215 in the Southeast Submarket of Las Vegas. For investment, development and leasing inquiries please contact us or click on the link below in one of the photos.;;