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5/10/23
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A 19.5k sf industrial warehouse in Las Vegas traded for $3.7 mil, or $190/sf. The property, located at 3020 S. Valley View, was acquired by Next Century Rebar LLC.
The property was built in 1970 and is situated within the West Central submarket and proximate to Interstates 215 and 15. The two-story building features 18-foot clear height, concrete tilt-up construction, four drive-in doors and Valley View frontage.
CBRE’s Tyler Ecklund represented the seller, MSC Valley LLC, in the transaction. Ecklund noted that this sale of a 50-year-old facility in need of repair illustrates how strong the industrial occupier market remains in spite of headwinds facing other types of real estate investments.
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