Omninet Capital Buys Westcliff Plaza

LAS VEGAS-Beverly Hills, CA-based Omninet Capital LLC has purchased Westcliff Plaza, a 134,907-square-foot mixed-use office development here for a total consideration of $9.2 million. Dan Vittone and Alan Pekarcik of Voit Real Estate Services’ Irvine, CA-office, , together with Kit Graski of Voit’s Las Vegas office, directed the receivership sale on behalf of the buyer and seller, Trident Pacific Real Estate Group, as receiver for Bank of America for the registered holders of Morgan Stanley CMPC Series 2004-IQ8, serviced by Midland Loan Servicers, in the transaction. 

“The Voit team was successful in marketing this property as an excellent opportunity for a buyer to acquire a lender-facilitated, value-add investment property,” says Vittone, a senior vice president at Voit. “The property is located in a submarket that is demonstrating the beginning signs of economic recovery, and we leveraged that momentum to drive interest.”