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Nevatronix Acquires Industrial Warehouse In Las Vegas For $12.3M

7255 West Arby Avenue
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This Industrial property located in NV was sold for $12,300,000 7 months ago. The brokers of the deal were Tyler Ecklund and Erik Sexton

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.

View Related

Deals
  • Location
    7255 West Arby Avenue Las Vegas, Nevada 89113, USA7255 West Arby Avenue Las Vegas, Nevada 89113, USA
  • Sale Price
    $12,300,000$12,300,000
    $252 PPSF$252 PPSF
  • Area
    48,681 SF48,681 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Tyler Ecklund

Tyler Ecklund

Deals3
Sold$25.6M

Erik Sexton

Erik Sexton

Deals2
Sold$37.8M

Agencies

CBRE

CBRE

Agency
Deals4191
Volume$181.9B

NAI Capital

NAI Capital

Agency
Deals479
Volume$2.6B

Deal Summary

SALE IMAGE: Tyler Ecklund & Erik Sexton DATE: 08/14/2023 ADDRESS: 7255 West Arby Avenue MARKET: Las Vegas, Nevada ASSET TYPE: Industrial BUYER: Nevatronix SELLER: PSI Warm Springs, LLC BUYER'S REP: Erik Sexton - NAI Vegas SELLER'S REP: Tyler Ecklund - CBRE SALE PRICE: $12,300,000 SF: 48,681 ~ PPSF: $253 NOTE: Nevatronix, a Las Vegas electrical engineering firm, has purchased a 48,681-square-foot industrial warehouse, PSI Commerce Center Phase II Building 1, for $12.3 million. This acquisition bolsters the tight Southwest submarket in Las Vegas' industrial real estate sector, which is experiencing rising pre-leasing rates and increased inventory, as indicated by CBRE and Colliers reports.

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7255 West Arby Avenue

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