Land Sale Generates More Than $94.5 Million for Projects
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Las Vegas --The Bureau of Land Management (BLM) today sold 818.66 acres in 34 parcels for $94,536,000 during a competitive public land sale. The agency offered 846.16 acres, in 39 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to 247.6 acres and were located in the Las Vegas Valley.
Successful bidders included:
Location | Size | Fair Market Value | Purchase Price | Successful Bidder | Parcel Number |
Corbett & Jensen | 5 acres | $500,000 | $500,000 | Pinnacle Nevada Corp. | N-80694 |
Robindale & Lindell | 20 acres | $3,996,000 | $3,996,000 | American West Development, Inc. | N-92827 |
Torino & Pioneer | 2.5 acres | $250,000 | $250,000 | Khusrow Roohani | N-94201 |
Ford & Belcastro | 5 acres | $625,000 | $625,000 | American West Development, Inc. | N-94202 |
Pebble & Montessouri | 2.5 acres | $250,000 | $260,000 | Umer Malik | N-94203 |
Agate & Hualapai | 14.25 acres | $3,705,000 | $4,770,000 | Lewis Investment Company of Nevada, LLC. | N-79533 |
Meranto & Grand Canyon | 47.5 acres | $11,875,000 | $14,200,000 | Lewis Investment Company of Nevada, LLC. | N-94204 |
Gomer & Hualapai | 15.57 acres | $4,048,000 | $4,070,000 | Lewis Investment Company of Nevada, LLC. | N-84196 |
Johnson & Gary | 2.5 acres | $525,000 | $525,000 | Vision Commercial One, LLC | N-79545 |
Richmar & Redwood | 25 acres | $4,680,000 | $6,075,000 | Paul Truman | N-94205 |
Oleta & Duneville | 5 acres | $750,000 | $750,000 | Ramak Roohani | N-94206 |
Gary & Hauck | 2.5 acres | $442,000 | $462,000 | Khusrow Roohani | N-94207 |
Pyle & Jones | 5 acres | $1,075,000 | $1,170,000 | Phillip Mackovski | N-94208 |
LeBaron & Valley View | 1.25 acres | $125,000 | $1,650,000 | American West Development, Inc. | N-94209 |
Jo Rae & Schuster | 1.25 acres | $173,000 | $213,000 | American West Development, Inc. | N-95210 |
Pyle & Valley View | 2.5 acres | $270,000 | $300,000 | Umer Malik | N-94211 |
Cactus & Valley View | 20 acres | $5,100,000 | $7,500,000 | Apple Pie, LLC | N-94213 |
Roban & Las Vegas | 28.75 acres | $3,019,000 | $4,025,000 | Tri-Level Development, LLC | N-94214 |
Hammer & Gaistord | 5 acres | $400,000 | $400,000 | Continuum, Properties, LLC | N-94215 |
Las Vegas & Rettig | 5 acres | $657,000 | $1,000,000 | Nima Khomassi | N-94216 |
Volunteer & Las Vegas | 5 acres | $775,000 | $1,300,000 | Umer Malik | N-94217 |
Rettig & Las Vegas | 5 acres | $775,000 | $1,295,000 | Denise Colin | N-94218 |
Welpman & Rancho Destino | 105 acres | $9,765,000 | $10,800,000 | Daniel Kramer | N-94293 |
Keehn & Gilespie | 20 acres | $3,100,000 | $3,100,000 | Nevada West Partners, LLC | N-85668 |
Rettig & Gilespie | 20 acres | $1,680,000 | $2,880,000 | DR Horton, Inc. | N-94219 |
Mullen & Fairfield | 5 acres | $475,000 | $515,000 | Continuum, Properties, LLC | N-94224 |
Dale & Amigo | 10 acres | $950,000 | $1,220,000 | Jeremy Ausmus | N-94220 |
Dale & Bermuda | 25 acres | $4,650,000 | $4,650,000 | South Strip Acquisitions, LLC | N-81969 |
Welpman & Bermuda | 5 acres | $475,000 | $605,000 | Continuum, Properties, LLC | N-94221 |
Mullen & Amigo | 5 acres | $475,000 | $595,000 | American West Development, Inc. | N-81970 |
Larson & Pollock | 5 acres | $475,000 | $515,000 | American West Development, Inc. | N-81978 |
Larson & La Cienega | 140 acres | $10,500,000 | $12,020,000 | Vision Commercial One, LLC | N-94222 |
Bermuda & Roban | 5 acres | $450,000 | $450,000 | Tyre Apartments, LLC. | N-94223 |
Hollywood & Cheyenne | 247.59 acres | $1,850,000 | $1,850,000 | Vision Commercial One, LLC | N-91124 |
All successful bidders paid the required 20 percent of the bid by 3 p.m. today. The remainder of the bid is due within 180 days (October 24, 2016).
In accordance with the joint selection process, unsold parcels must be renominated for consideration at future land sales by the local government.
In accordance with the SNPLMA, funds generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.