The $119.2 million exchanged in 24 sales during the second quarter brought the year-to-date total for 37 sales to $169.4 million, off the (dollar volume) pace set in 2011. The average selling price and mean cap rate for the latest quarter’s transactions were high at $283 psf and relatively low at 6.6%. The 12-month rolling mean cap rate was 8.4%, down from 8.7% a year earlier. In the second quarter’s largest sale, Las Vegas NNN Financial Associates LLC paid 3025 LVBS LLC $27.9 million ($1,740 psf) for the 16,016-square-foot freestanding, fully-occupied Walgreen’s property at 3025 S. Las Vegas Boulevard, Las Vegas. The sale closed in May. Walgreens has 10 years remaining on the lease.