1112 Commerce St, Las Vegas, NV 89102
4 Industrial Properties Offered at $24,500,000 in Las Vegas, NV
For Sale
Active
Asking Price $24,500,000
- Property Type
-
Industrial
- Square Feet
- 111,946 SF
Listing Contacts
Cathy Jones
Paul Miachika
Karim Chatoor
Blaze Katz
Property Overview
The Investment Services Group at LOGIC Commercial Real Estate is pleased to present to qualified investors the opportunity to acquire a 100% Occupied Industrial Building Portfolio located in an Opportunity Zone at 1112, 1200, 1220, and 1240 S Commerce Street in Las Vegas, Nevada. The subject property consists of ±111,946 square feet of industrial space in 4 buildings located on ±10.09 acres of paved and fenced land. Seeing ±51,500 vehicles per say, this rare investment opportunity is strategically located between the Las Vegas Strip, Downtown Las Vegas, and has immediate access to the primary north/south I-15 freeway. The property is leased to 3 tenants; Focus Plumbing, LLC (Focus Companies), BrightView Landscape and Menzies Motorsports. Focus Companies master-leases 76% of the total building area on behalf of its various divisions such as Focus Concrete, Focus Fire Protection, Focus Electric and Focus Framing - collectively the occupy all, or portions of, each of the four buildings at 1112, 1200, 1220 and 1240 S. Commerce St. BrightView Landscape, a national landscape development and maintenance company, occupies space at 1200 and 1220 S. Commerce St. Menzies Motorsports, an internationally recognized off-roading race team whose sponsors include Red Bull, Toyo Tires, and KMC Wheels, occupies space at 1240 S. Commerce St. The presence of such strong tenancy provides an investor with no landlord responsibilities and a consistent cash flow.
Link to OM: https://logiccre.com/1031_properties/1112-1240-s-commerce-st/
Link to OM: https://logiccre.com/1031_properties/1112-1240-s-commerce-st/
Highlights
- STRONG TENANCY: 84% of Subject Property is leased to very strong national and international tenants with market capitalizations in the billions.
- IDEAL LOCATION: Subject buildings are in close proximity to the Strip and main freeway systems giving excellent access to the Las Vegas MSA.
- OPPORTUNITY ZONE: The Property is located in an Opportunity Zone, offering taxpayers a potential federal capital gains tax incentive.
- INCOME TAX-FREE STATE: Nevada has no state income tax.
All available spaces
- Space
- Size
- 9,750 SF
- Space Subtype
- Industrial
- Space
- Size
- 47,308 SF
- Space Subtype
- Industrial
- Space
- Size
- 30,088 SF
- Space Subtype
- Industrial
- Space
- Size
- 24,800 SF
- Space Subtype
- Industrial
Nearby Properties
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