The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 20, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
HVAC/R Equipment Distributor Pays $267/sf for Nevada Owner/User Building

8/15/23

A 17.8k sf office/warehouse building located at 7440 Commercial Way in Henderson, NV sold for $4.75 mil ($267/sf). The buyer, R.E. Michel Company, one of the nation's leading wholesale distributors of HVAC/R equipment, parts and supplies, will occupy the entire building.

18k sf Built in 2001 and situated on 1.19 acres, the property features just under 4k sf of office space, 28’ clear height, one dock-level door, one grade level-door and 31 parking stalls. The asset is located just east of U.S. 95/I-515 and south of Warm Springs Rd. The location also allows easy access to the 215 fFwy. It is 12 miles from Harry Reid International Airport.

Joe Leavitt, Chris Lexis and James Griffis with Avison Young represented the seller, Diamond Mountain Properties LLC. The buyer was self-represented.

“With a 1.7% vacancy rate for the greater Las Vegas area and an extremely low .7% vacancy rate in Henderson, the industrial market remains very strong,” said Griffis.





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media