Press Release brought to you by CORFAC International

Voit Real Estate Services/CORFAC Directs $9,100,000 Sale Of 147,903 SF Mult-Tenant Industrial Property In Las Vegas

12/02/2014

Las Vegas, NV (December 2, 2014) – Kevin J. Higgins, Garrett Toft & Zac Zaher of Voit Real Estate Services/CORFAC International’s Las Vegas office successfully directed the $9.1 million sale of a 147,903 square-foot multi-tenant industrial property in Las Vegas on behalf of the seller, Terra Grandis, LLC & The Tiberti Company. The buyer, BKM Capital Partners LP, intends on repositioning the property for stabilization, according to Higgins, an Executive Vice President in Voit’s Las Vegas office.

“This asset is in an excellent location and was in need of a large capital commitment in order to address some deferred maintenance,” stated Higgins.  “BKM Capital Partners will rebrand the project and reposition vacant suites into the lease ready units the market has grown to expect.  Given the close proximity to the resort corridor and the strong rebound underway in the local economy, BKM Capital Partners should have no problems stabilizing the asset.”

The property is located at 4301 & 4325 S. Valley View Blvd. in Las Vegas, Nevada.

About Voit Real Estate Services/CORFAC International
Voit Real Estate Services is an 11 office commercial real estate firm that, through its brokerage and real estate management professionals working together, provides strategic property solutions tailored to clients' needs.  Combining more than 40 years of expertise in brokerage, investment advisory, financial analysis, market research, real estate management and tenant advisory, Voit provides clients with forward looking strategies that create value for their assets and portfolios.Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 55 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $40 billion in brokerage transaction volume.  Further information is available at www.voitco.com.
 

12/02/2014 - 10:15

Source

CORFAC International

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