CBRE announced the $5 million sale of a 24,530-square-foot Class A industrial property at 6561 West Post Road in Las Vegas to Prologis.
James Griffis, Tyler Ecklund and Doug Mack with CBRE represented the seller, WG Holdings LLC.
The single-story building built in 2016 is located on 1.59 acres on Post Road between Rainbow Boulevard and Jones Boulevard. It features dock and grade-level doors, 30-foot clear height, ESFR sprinkler system, and 3,567 square feet of office space. The property also includes 70 free surface parking spaces and approximately 7,500 square feet of yard space that can be fenced and secured. It benefits from excellent egress/ingress and quick access to the I-215 freeway by way of two freeway interchanges on Jones Boulevard and Rainbow Boulevard.
“With its favorable tax incentives, Nevada is attracting an increasing number of tenants and investors from outside the state. Newly-built industrial properties continue to command significant investor interest as macro-economic uncertainty persists into the new year,” commented Mr. Ecklund.
Mr. Griffis added, “The property’s location in the Southwest submarket offers a convenient commute for Las Vegas and Henderson residents, and superior regional connectivity, including excellent nearby access to the Las Vegas Strip, McCarran Airport and Allegiant Stadium.”
According to CBRE’s Las Vegas Industrial MarketView Q4 2020, net absorption remained positive in Q4 2020 with 1.7 million square feet, bringing the total net absorption for the year to 6.4 million square feet, the second highest level in the market’s history.
