Nevada

LAS VEGAS — Intersection Equities, in partnership with Sundance Bay, has acquired Valley View Industrial, a multi-tenant flex industrial asset in Las Vegas, from Sanders Wyoming Trust. The transaction was valued at $8.7 million, or $181 per square foot. Erik Sexton and Camila Rosales of NAI Excel represented the buyer in the deal. Located at 5325 S. Valley View Blvd., Valley View Industrial consists of a 48,304-square-foot facility offering nine warehouse/office units ranging from 1,000 square feet to 28,000 square feet. The property features 14- to 18-foot clear heights and 11 grade-level doors. The ownership plans to implement a series of capital improvements to elevate the property to an institutional-quality asset. Planned renovations include a façade upgrade, new exterior paint and parking lot seal-and-stripe enhancements to improve curb appeal and long-term asset value.

LAS VEGAS — CBRE has brokered the sale of an industrial building located at 3670 W. Oquendo Road in Las Vegas. HS Property NV LLC acquired the asset from NOR Oquendo Road LLC for $7.9 million. The 28,420-square-foot building features a high-image, 6,534-square-foot two-story HVAC office space with an elevator, 12 covered parking spaces (34 total), 3,000 amps, three-phase power and a 28-foot clear height. Tyler Ecklund of CBRE represented the seller in the deal.

LAS VEGAS — MDH Partners has purchased Sunrise Industrial Park One and Two, a Class A multi-tenant project in Las Vegas. The acquisition marks the company’s entry into the state of Nevada and the Las Vegas market. Terms of the transaction were not released. Totaling 509,216 square feet, the two-building asset is currently 78 percent leased to 10 tenants. Sunrise Industrial Park One and Two is located at 4601 E. Cheyenne and 3101 Marion Drive. Built in 1997, the buildings offer 24- to 30-foot clear heights, ESFR sprinklers, ample dock-high loading and evaporative cooling. The properties offer flexible unit configurations ranging from 20,000 square feet to 89,000 square feet.

SPARKS, NEV. — CapRock Partners has acquired 55 Vista Boulevard, a freestanding industrial building in Sparks, for an undisclosed price. The transaction marks CapRock’s third acquisition in Northern Nevada, increasing the firm’s total statewide investment and development pipeline to 5.4 million square feet of industrial space. Built in 1995, 55 Vista Boulevard is a single-tenant warehouse offering 117,000 square feet on 5 acres. The asset features a clear height of 24 feet, 26 dock-high doors, two grade-level doors and a 0.5-acre trailer parking yard. The property is fully leased to a national provider of commissary goods to prisons and jails. Joel Fountain and Nick Knecht of Dickson Commercial Group, as well as Jeff Huberman of Lee & Associates, facilitated the transaction. The name of the seller was not released.