LAS VEGAS – Brass Cap Development, a local industrial development firm, announced the sale of SanTico, a new industrial complex constructed in the in-demand Southwest Submarket near the intersection of South Rainbow Boulevard and West Sunset Road.
SanTico,a 2.3-acre-property situated near retail and restaurants with immediate access to the 215 Beltway, sold for $6.8 million to SFC Leasing LP. Realcomm Advisors brokers, Michael DeLew, SIOR, and Greg Pancirov, SIOR, handled the sale of SanTico, located at 6825 W. Teco Avenue Las Vegas, NV 89118.
“We continue to see great and growing strength in the Southwest Submarket due to its prime location next to the valley’s main freeways which offers tenants an opportunity for more efficient operational logistics,” said Tim Castello, CCIM, partner at Brass Cap Development.
The development features +/- 40,000 square feet of industrial mid-bay space that is divisible to two +/- 20,000-square-foot buildings.
The turnkey industrial complex features high image concrete tilt construction, and each building includes two 9′ x 10′ dock high doors, one 12’ x 14’ grade level loading door, ±24’ clear height, ESFR fire sprinkler system, and 277/480 volt, 800 amp, and three-phase as well as four wire service.
SanTico was designed and built by LM Construction Company, a full-service commercial builder headquartered in Las Vegas.
ABOUT BRASS CAP DEVELOPMENT
Brass Cap Development, founded in 2015, specializes in industrial investment, development, consulting, and management services in Southern Nevada as well as other Western states. Brass Cap Development has now developed nearly half a million square feet of industrial space across multiple states with another half million in the development pipeline for 2020. Tim Castello, Mike Chernine, Jason Kuckler and Larry Monkarsh, the principals of the company, are all veterans of real estate development. Brass Cap’s bailiwick consists of site selection, entitlements, site plans and design, schedules, budgets, and full development services. Brass Cap Development is focused on speculative development, build to suits and fee development projects. For more information, visit brasscap.com.
ABOUT LM CONSTRUCTION COMPANY
LM Construction Company, founded in 1996 by Larry Monkarsh, is a premier full-service commercial builder in Las Vegas, NV that also provides services in Utah, Idaho and Arizona. LM offers a complete array of design and contracting services under one roof, suitable for all commercial, industrial, manufacturing and retail building needs. Having completed more than seven million square feet of commercial building and real estate development in Las Vegas, LM Construction is leading the way for the future of Las Vegas development. LM Construction employs a dedicated staff and coordinates your job with our entire production team, from the owners and tenants to the architects and engineers. For more information, visit https://www.lmconstructionco.com/.
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Maddie Skains, MassMedia