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December 18, 2018
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Nevada Office Property Trades for $7 Mil

11/15/18

A private investor paid $7 mil for Gibson Tech Center, a 30k sf office building in Henderson, NV. The asset, located at 168 North Gibson Rd, was sold by MCA Realty, who acquired the property in late 2016 for $3.15 mil.

“We acquired Gibson Tech Center with a very specific business plan in-place,” explains Tyler Mattox, Principal at MCA Realty. “We recognized the abundant parking at the property as a strong amenity and unique characteristic within the marketplace. We decided to market the asset to call center operators and similar tenants with above average parking needs.”

During ownership, MCA Realty implemented a series of renovations to the property including updating the main entry, completely modifying the interior layout to a more open concept, and new paint, among other improvements. They leased the building to PRA Group, a global financial and business services company, on a nearly eight-year term.

MCA Realty was represented in the deal by Gary Stache, Anthony DeLorenzo, and Doug Mack at CBRE and Taber Thill and Patti Dillon at Colliers International. The buyer was repped by Randy Sheinbein at NAI Capital.





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