MCA Realty Acquires Multi-Tenant Industrial Building In Las Vegas For $4.2M

MCA Realty acquired a 19,500-square-foot multi-tenant industrial building located at 4205 West Tompkins Avenue, Las Vegas, NV, for $4.2 million. The property was constructed in 1984 and will undergo extensive renovations, including improvements to the exterior and interior, such as new paint, upgraded office spaces, and advanced LED lighting.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,200,000
• Square Footage: 19,500
• Address: 4205 West Tompkins Avenue
• Market: Las Vegas, NV
• Price per Square Foot: $215
• Buyer: MCA Realty
• Brokers: Pat Marsh & Sam Newman - Colliers

This transaction was facilitated by brokers Pat Marsh and Sam Newman of Colliers, representing MCA Realty in their acquisition of the industrial property. The deal is part of MCA Realty's strategy to enhance their portfolio through the Industrial Growth Fund II, focusing on properties with potential for significant renovations.