Rising Realty Partners Acquires Northport Business Center In North Las Vegas For $23M

Rising Realty Partners has purchased the Northport Business Center, a fully leased industrial park in North Las Vegas, Nevada. The property, located at 3825-2985 Cheyene Avenue, was sold by MCA Realty for a total of $23,000,000. The business park spans a total square footage of 127,132, resulting in a price per square foot of $181. MCA Realty originally acquired the property in 2021 and subsequently made improvements to convert office space into warehouse space.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Address: 3825-2985 Cheyene Avenue, North Las Vegas, Nevada
• Square Footage: 127,132
• Price per Square Foot: $181
• Buyer: Rising Realty Partners
• Seller: MCA Realty
• Brokers: Dan Doherty, Jerry Doty, Chase Pavlov, Mike Kendall, Gian Bruno, and Kenny Patricia - Colliers

Kendall, Bruno, and Patricia from Colliers served as the broker representatives for the buyer, Rising Realty Partners, in this transaction. The involvement of these key individuals highlights their role in facilitating the sale of the Northport Business Center.