Shopping Center Sells for $40 Million
Round Hill Square Shopping Center in Zephyr Cove, Nevada has been purchased for $40.6 million. Property is scarce and development highly regulated in the Lake Tahoe Basin area. The purchased property is a 483 sq. foot mixed use property, with Safeway on one side and the Post Office on the next. There is a scarcity of retail as it is, so to start anything new, you will have to take something else down and build where it was. This is how the community has transformed over the years to a more white collar town.