The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 24, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Two-Building Las Vegas Industrial Property Fetches $5.1 Mil


Two freestanding buildings totaling 14.5k sf in Las Vegas sold for $5.1 mil, or $352/sf. The buildings, built in 1989, are located at 2829 Losee Rd.

The property includes a 4.5k sf office space and a 10k sf industrial warehouse within a 3.4-acre secured plot. The two buildings are located near the Interstate 15 interchange, proximate to North Fifth St and Cheyenne Ave.

CBRE’s Tyler Ecklund and James Griffis represented the seller, Jaramillo Trust, in the transaction. The buyer was Bob Beylik.

“This highly functional industrial campus has been home to Core & Main since 2007 and is a rare single tenant industrial opportunity offering a great credit tenant and simplicity of ownership,” said Ecklund. “Even more appealing, the property also includes a 6k sf covered storage area and meets the high demand for yard storage within the tight North Las Vegas submarket.”

According to CBRE Research, the Las Vegas industrial market saw 2.1 msf of net absorption in Q2 2022, bringing the total to 5.2 msf for the first half of the year. The overall vacancy rate also further decreased from 1.1% to 0.9%, a new record low for the Las Vegas industrial market.

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