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Category – Industrial North Las Vegas

Cashman Equipment Company Inks Deal on Rockpebble Ave.

1225 Rockpebble AveCashman Equipment Company leased 4,818 SF of industrial space located at 1225 Rockpebble Avenue in North Las Vegas. The total value of the transaction was $151,200.00. Cathy JonesPaul MiachikaJessica CegavskeRoy Fritz, and David Livingston of Sun Commercial Real Estate, Inc. represented the Tenant and Greg Pancirov of Colliers International represented the Landlord, Parashant, LLC.

Land Parcel Sells At Apex Industrial Park

Berkshire Hathaway logoMason Harvey and Tony Tegano of Berkshire Hathaway’s Commercial Division represented both the buyer CAM 3, LLC and the seller Apex 53.03, LLC in a land sale transaction at Apex Industrial Park, US Hwy 93 frontage between I-15 and Grand Valley Parkway in North Las Vegas, NV. The parcel sold is 12.43 acres. The total transaction value was $617,000.00, approximately $50,000 per acre or $1.15 per square foot.

Apex LandPlease contact Mason for more information on opportunities at Apex Industrial Park.

 

Colliers Transactions of Note

  • 3200-East-Gowan-RoadA lease to Sunset Transportation LV Inc. The approximately 36,000 square-foot industrial property is located in Las Vegas Corporate Center at 3200 E. Gowan Rd, Ste 107 in North Las Vegas. Dan Doherty, SIOR, Susan Borst, CCIM, Chris Lane, and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada LLC.  Spencer Pinter of Colliers International represented the lessee.

 

 

 

  • 4000-and-4020-Arcata-WayA lease to Thermo Fluids Inc. The approximately 13,650 square-foot industrial property is located at 4000 and 4020 Arcata Wy in North Las Vegas. Dean Willmore, SIOR of Colliers International represented the lessor, Wildcat I LLC.

 

 

 

 

  • 5720-South-Arville-StreetA lease to Bear Communications Inc. The approximately 8,091 square-foot industrial property is located in Russell Commerce Center at 5720 S. Arville St, Ste 108 in Las Vegas. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.

 

 

 

 

  • 6155-South-SandhillA lease to D & W International Las Vegas. The approximately 6,050 square-foot industrial property is located in Arrowhead Commerce Center, Building 11 at 6155 S. Sandhill Rd, Ste 300 in Las Vegas. Dan Doherty, SIOR, Susan Borst, CCIM, Chris Lane, and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.  Spencer Pinter of Colliers International represented the lessee.

 

 

 

  • 6275-S-Pearl-StreetA lease to Las Vegas Digital Dental Solutions LLC. The approximately 5,500 square-foot industrial property is located in Arrowhead Commerce Center, Building 6 at 6275 S. Pearl St, Ste 400 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Susan Borst, CCIM, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.

 

 

 

  • 4251-West-OquendoA lease to Vault Processing Center LLC The approximately 5,350 square-foot industrial property is located at 4251 W. Oquendo Rd in Las Vegas. Eric Molfetta, CCIM and Chris Zunis of Colliers International represented the lessor, Middlefork Holdings LLC.

Gatski and Virtus Team Up For Large Industrial Lease In North Las Vegas

Venture PointMel Koich and Craig Summers of Gatski Commercial and Ryan Hinton of Virtus Commercial represented Venture Point, LLC in the lease of 28,360 square feet of industrial space at 6210 E. Tropical Parkway, North Las Vegas, NV 89115. The tenant Matrix NV, LLC was represented by Dave Evenhouse and will occupy the entire building. The total transaction value of this 48 month lease is $1,246,512.

The approximate aggregate value of the transaction is $0.92 per square foot.

 

Cushman & Wakefield|Commerce Shreds North Las Vegas Industrial

4524 lawrenceThe Las Vegas office of Cushman & Wakefield | Commerce today announced a long-term industrial lease for the office/warehouse facility located at 4524 Lawrence Street in North Las Vegas, Nevada 89031 to the Shred-It Corporation. The property was built in 1998 for the U.S. Corp of Engineers and the U.S. Army Reserves. Curtis Sanders, Director with Cushman & Wakefield | Commerce, exclusively represented the landlord and was the listing broker of the property.

“The building was so well suited for the tenant that the landlord will deliver the facility in ‘turnkey condition,’” said Michael Dunn, Market Leader for the Las Vegas office of Cushman & Wakefield | Commerce. “This transaction also reflects an upward trend regarding lease terms.”

The lease term is for ten years (with “options”), and the monthly base rent is $0.75 per square foot. The building itself is 22,000 square feet and will be used for shredding and recycling of confidential documents. The property is located in close proximity to Interstate-15 Freeway. The building is situated on 1.24 acres of fenced land. The approximate consideration for this lease is $2,376,000.00

3890 E. Craig Rd Sells for $1,550,000

3890-CraigTimothy A. Rivard purchased the approximately 19,602 SF industrial property located at 3890 E. Craig Rd. in North Las Vegas. for $1,550,000 or $79.07/SF.  Dean Willmore SIOR of Colliers International represented the seller, JW Flooring Covering Inc. Greg Pancirov SIOR and Mike DeLew SIOR  of Colliers International represented the buyer.

Greg Tassi, SIOR Secures Two Significant Transactions In North Las Vegas

SouthwestSlider_Vegas.jpgGreg Tassi, SIOR of CBRE, Inc represented the Seller, Block Data Center Las Vegas in the $4,500,000 sale of the 66,826 SF building located at 4527 Losee Road, North Las Vegas, NV 89081. The purchaser, Crown Development, was represented by Donna Alderson, SIOR also with CBRE, Inc. The approximate aggregate value of this sale transaction is $67.34 per square foot.

Greg Tassi, SIOR of Alderson/Tassi Team at CBRE Inc represented the Tenant, WGP, LLC in the 15-year lease of 153,700 SF at 3330 Gowan in North Las Vegas, NV 89030. Garrett Toft, SIOR of the Higgins/Toft team at CBRE, Inc represented the Landlord, Prologis. The transaction is valued at over $13 Million. The approximate aggregate value of this lease transaction is $0.47 per square foot.

North Las Vegas Gets More Love

Newmark logoNewmark Grubb Knight Frank (NGKF) reports that the largest industrial area in the metropolitan region – the North submarket – has been filling with national and regional users looking for growth opportunities. Institutional buyers are gaining confidence in the submarket’s robust future, and investors are eyeing the area as an alternative to the more expensive South and Central submarkets in the Vegas area. This is particularly evident as demand for warehouse product increases and big box users look for expansion opportunities in a land-constrained market.

Please contact NGKF’s Managing Director, Ben Millis, for the complete transcript.

 


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