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DEAL WATCH: LaPour builds Henderson industrial project

INDUSTRIAL PROJECT UNDERWAY IN WEST HENDERSON

LaPour, a Las-Vegas-based real estate development and investment firm has begun construction on its second Henderson industrial project in recent years, a 21-acre parcel at the southwest corner of Maryland Parkway and Sunridge Heights Parkway adjacent to the new Costco and close to the Henderson Executive Airport and the Las Vegas Raiders training facilities.

“Our firm was one of the first to enter the market with new industrial product in the emerging West Henderson submarket a few years ago. Our successful experience reinforced our plans to develop another six buildings, totaling approximately 340,000 square feet of industrial space, said Jeff LaPour, president of LaPour. “Industrial demand has increased during the pandemic as businesses shift the way they operate with an emphasis on pickup and delivery and ecommerce and there is great demand for the space. “

Having selected TWC Construction as the general contractor, AirParc Heights will go vertical early this year. The high-profile project will be comprised of six buildings, totaling 338,776 square feet, built in one phase. Each state-of-the-art building features modern, flexible industrial space designed to accommodate office, showroom, manufacturing, distribution, assembly and a variety of other industrial uses. Units range from 10,000 square feet to 137,000 square feet. All spaces are available for sale or lease. The property will feature grade-level and dock-high loading along with 24-foot to 28-foot clear heights.

Mike DeLew and Greg Pancirov of RealComm will manage the leasing assignment for the development, serving as the project’s exclusive brokers.

KINGSBARN REALTY PURCHASES MEDICAL OFFICE BUILDING

Kingsbarn Realty Capital has announced the acquisition of the Centennial Hills Medical Center. CHMC is an approximately 57,000-square-foot Class-A, medical office building in the Montecito Town Center area of northwest Las Vegas.

“The acquisition of Centennial Hills is a perfect fit for our program,” said Jeff Pori, CEO of Kingsbarn Realty Capital. “We like medical properties in tax-free states, and we prefer triple net leases so that the income stream is consistent and predictable.”

The property, located at 6170 North Durango Drive, is a two-story, Class-A medical office, that is currently 100 percent leased to seven strong and diverse tenants with an average of approximately seven and a half years of remaining lease term. CHMC is situated on a medical campus very near Centennial Hills Hospital.

COMPLETED SALES TRANSACTIONS

• A sale to Cheyenne Clayton DRI LLC. The 39.33 acre land parcel is near Cheyenne Avenue and Clayton Street(APN: 139‐17‐502‐001). The transaction value was $8,719,623. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty, SIOR of Colliers International represented the buyer.

Jason Dittenber; Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial, have announce the recent sale of Camino 1107 Apartments for $3,510,000 ($97,500/unit). This sale consisted of 36 multifamily units built in 1963, located at 1075, 1089, 1107, 1121 E. Desert Inn Road. This transaction closed on Jan. 21. Northcap Multifamily represented the seller, CVG-DI Apts, LLC.

• A sale to Harsch Investment Properties LLC. The 2.26-acre land parcel is near Sunset and Lindell roads (APN: 176‐01‐102‐017). The transaction value was $2,116,588.87. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty, SIOR, of Colliers International represented the seller, Sunburst 215 LLC.

Jason Dittenber; Jerad Roberts; Robin Willett; and Devin Lee, CCIM of Northcap Commercial have announced the recent sales of the following multifamily properties: 429 N 15th St. (seven units) for $550,000 ($78,571/unit) on Dec. 23; 331 N 15th St. (three units) for $295,000 ($98,333/unit) on Dec. 23; 2507 N McCarran St. (seven units ) for $560,000 ($80,000/unit) on Dec. 30. Northcap Commercial represented the seller, LMNOP Properties LLC, on these transactions.

• A sale to Green Bean Battery. The 6,059-square-foot industrial property is in Escondido Airport Park at 6676 Escondido St., Unit 5. The transaction value was $1,266,331. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Escondido Investments LLC.

• A sale to 2121 Group LLC. The 5,992-square-foot industrial property is in Escondido Airport Park at 6668 Escondido St., Unit 3. The transaction value was $1,264,312. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Escondido Investments LLC.

• A sale to Summerlin Desert LLC. The approximately 2.3-acre land parcel is at 1051 Olsen St. in Henderson. The transaction value was $656,000. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty, SIOR, of Colliers International represented the seller, Bell Creameries LP.

COMPLETED LEASE TRANSACTIONS

• A sublease to Lucky Top Inc. The 32,917-square-foot industrial property is in Harsch Speedway Commerce Center at 6335 N. Hollywood Blvd., Suite 115 in North Las Vegas. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty, SIOR of Colliers International represented the lessee.

• A lease to Las Vegas Cheer LLC. The approximately 7,000-square-foot industrial property is in Mojave Airport Center at 6255 S. Mojave Road, Suite B‐C. Dean Willmore, SIOR; Alex Stanisic; and Mike and Lauren Willmore of Colliers International represented the lessor, BKM MAC 228 LLC.

• A lease to Bradley Martin. The approximately 3,200-square-foot industrial property is in Patrick Airport Center at 6012 Topaz St., Suite 8. Dean Willmore, SIOR; Alex Stanisic; and Mike and Lauren Willmore of Colliers International represented the lessor, BKM MAC 228 LLC. Stanisic represented the lessee.

• Imperia Foods LLC leased 12,192 square feet of industrial space in Hughes Airport Center at 1151 Grier Drive. Jake Higgins of CBRE represented the landlord.

• A lease to Miccile Industries Inc. The 7,120-square-foot industrial property is at 4214 Bertsos Drive, Suites 3 & 4. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the lessor, Douglas & Richard Launchbaugh.

• A lease to Back to Basics LV Inc. The approximately 6,500-square-foot retail property is at 2121 E. Sahara Ave. Grant Traub, SIOR, and Chris Connell, SIOR, of Colliers International represented the lessor, Autosource Motors of Las Vegas.

• A lease to Soul D’Licious Seasoning and Manufacturing LLC. The 1,858-square-foot industrial property is in Corporate Center Business Park at 4357 Corporate Center Drive, Suite 400 in North Las Vegas. Gabe Telles and Chase Pavlov of Colliers International represented the lessor, The Realty Associates Fund XI, L.P. Ryan Hendershot of Colliers International represented the lessee.

• A lease to CJ’s Goods LLC. The 1,116-square-foot retail property is in Aliante Plaza at 6885 Aliante Parkway, Suite 107 in North Las Vegas. David A. Grant of Colliers International represented the lessor, Aliante Plaza LLC.

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