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3/28/25
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MCA Realty has picked up a 19.5k sf, multi-tenant industrial building in Las Vegas in a $4.2 mil ($215/sf) off-market transaction. The building, located at 4205 West Tompkins Ave, also contains a 28.5k sf fenced yard that has been divided to provide this amenity to each tenant.
Built in 1984, 4205 West Tompkins Ave is ideally located with convenient access to the I-15/I-215 as well as Harry Reid International Airport and immediate proximity to the Strip. It features 22-foot clear heights, seven grade-level roll-up doors, and separately metered units with evaporative coolers.
MCA Realty plans to make significant improvements to the exterior including new paint, asphalt repairs, and new fencing. Interior building improvements include office renovation, new carpet/ceiling tiles, new bathroom fixtures, LED lighting, painting and insulation of the warehouse.
Pat Marsh and Sam Newman of Colliers represented the buyer and the seller, a Las Vegas based private investor, in the transaction. MCA purchased the property through its MCA Realty Industrial Growth Fund II.
“We acquired the building for its intrinsic value, as the current rents are below market and the fenced yard component makes the units exceptionally attractive,” says Tyler Mattox, Principal at MCA Realty. “In the current investment environment, we are focused on acquiring properties where we can add value to the underlying real estate. We believe that the Las Vegas industrial market will remain a top market for years to come, having evolved into an epicenter for domestic trade and distribution due to its logistically advantaged Southwest location.”
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