LAS VEGAS – Colliers Las Vegas announced industrial brokers Brian Riffel, SIOR and Tyler Jones of Riffel | Jones Industrial successfully secured a $5,634,500 transaction on behalf of their client 5th Dimensions Investments LLC.
The purchased property is a ±29,500-square-foot industrial complex located at 1965 Pama Lane in the Las Vegas Airport Submarket near Eastern Avenue and Sunset Road. The two-story property is a freestanding building constructed in 2011 that features 11 dock loading doors.
The Airport Submarket is an extremely desirable location due the plethora of nearby amenities, workforce demand and easy access to the valley’s major freeways that offer quick access to several local, regional and out of state destinations.
“Our team’s expertise helped both our client and buyer navigate complex easement hurdles, while still successfully securing one the highest sales comp for a distribution building within the Airport Submarket at $191 per square-foot,” said Tyler Jones, associate vice president at Colliers Las Vegas.
For more information regarding Colliers Las Vegas, visit https://www.colliers.com/en/united-states/cities/las-vegas.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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