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June 15, 2024
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Prologis Buys 441k sf Las Vegas Industrial Property


Global industrial owner Prologis Inc recently closed on an acquisition in Las Vegas, buying Safari Business Park, a 441.6k sf industrial park. The asset consists of five multi-tenant buildings located at 7650-7850 Dean Martin Dr, positioned at the Interstate 15 and Blue Diamond Rd interchange. The seller was Black Bongo LP.

The park was approximately 82% leased at the time of sale, with available leasable suites currently ranging in size from 10.3k sf to 15.3k sf. Each suite features multiple dock loading doors and one grade door. The property can accommodate a multitude of industrial uses including e-commerce and logistics.

Safari Business Park features a total of 92 dock-high loading doors, four grade-level loading doors, 24-foot minimum clear heigh, ESFR fire sprinkler system, and recessed storefront entries with accents.

Conveniently located in the southwest industrial submarket at the Blue Diamond Road/I-15 interchange, the location is adjacent to a significant amount of existing/future industrial developments with convenient access to McCarran International Airport, Allegiant Stadium and the Las Vegas Strip. It is also surrounded by many corporate neighbors.

Greg Tassi, SIOR, Donna Alderson and Nick Abraham with Cushman & Wakefield in Las Vegas represented the buyer in the deal. The firm was also retained for project leasing, an effort being led by Tassi and Abraham together with Mathias Hughes and Lisa Brady of Prologis.

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