Colliers marketed the property and led the disposition process on behalf of the developer, Sheq Properties
Las Vegas, NV., November 5, 2025 – Colliers is pleased to announce the sale of 1655 E Cactus Ave, a 100% leased 79,143 SF medical office building located in West Henderson, Nevada. Colliers Executive Vice President Mark Schuessler, Vice Chair Sean Fulp, Executive Vice President Jordan Selbiger and Senior Vice President CJ Kodani led the marketing efforts and brokered the transaction as exclusive advisors to the seller. The property sold for $46.1M and is the largest medical office transaction in the Las Vegas market so far in 2025.
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The four-story, 79,143 SF medical office building was delivered in 2025 and is the newest medical building in the St. Rose corridor, a submarket that has seen significant new development and performed exceptionally well over the past decade. At the time of sale, the building was leased on a long-term basis to a single, investment-grade-credit tenant that was operating multiple high-acuity services at the project.
“This was an incredible core medical offering in one of the fastest growing pockets of Las Vegas that generated more than twenty offers from institutional healthcare funds and REITs,” said Schuessler. “The seller is well-known in Las Vegas for delivering extremely high-quality medical office product located in the best areas of town, and this project is no exception,” he added.
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About Colliers
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
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