Nevatronix, a Las Vegas electrical engineering firm, has purchased a 48,681-square-foot industrial warehouse, PSI Commerce Center Phase II Building 1, located at 7255 West Arby Avenue in Las Vegas, Nevada. The property was sold by PSI Warm Springs, LLC for a total price of $12.3 million. This transaction strengthens the industrial real estate sector in the tight Southwest submarket of Las Vegas, which has seen a surge in pre-leasing rates and increased inventory, according to reports from CBRE and Colliers.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $12,300,000
• Address: 7255 West Arby Avenue, Las Vegas, Nevada
• Market: Las Vegas, Nevada
• Buyer: Nevatronix
• Seller: PSI Warm Springs, LLC
• Buyer's Representative: Erik Sexton - NAI Vegas
• Seller's Representative: Tyler Ecklund - CBRE
• Square Footage: 48,681
• Price per Square Foot: $253

Erik Sexton from NAI Vegas represented Nevatronix as the buyer, while Tyler Ecklund from CBRE acted as the seller's representative in this transaction. The purchase of the industrial warehouse by Nevatronix highlights their commitment to expanding their presence in Las Vegas, as well as their confidence in the flourishing industrial real estate market in the Southwest submarket. This acquisition contributes to the growing inventory of industrial properties in the area and further solidifies Las Vegas as a prime location for industrial development.