CapRock Partners from California Invest in Las Vegas

 

CapRock Partners, an industrial real estate firm from Newport Beach California has just acquired about 300,000 square feet of multi-tenant industrial space in the western and southwestern part of the Las Vegas Valley.

Taylor Arnett, vice president of acquisitions at CapRock, stated “An estimated 6 million square feet of industrial space is set to come on-line in 2018 and similar figures for 2019, with more than 90 percent of those projects estimated to be big box distribution space.”

CapRock owns and invests in multi-tenant industrial properties with smaller tenants and they see this type of property as hard to find in Las Vegas at the moment. A good reason for them to invest in the Las Vegas area, and they are looking at other sites to develop.

Brian Gordon, principal at Applied Analysis, agreed that most of the industrial ventures in Las Vegas are aimed at larger tenants. He believes that multi-tenant buildings can be a main component in the industrial market. With Las Vegas growing as fast as it is, having industrial space for smaller tenants can only be seen as a huge plus for companies that would like to move to our great city.

Do you have a need for commercial / industrial / retail space? Are you ready to buy or sell a home? We can help you with that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day…..Jeff

Author: The Jeff Howard Group powered by Keller Williams Realty Las Vegas

I moved to Las Vegas in 1993 and I have been investing in Real Estate since 2003. I believe in creating win-win scenarios whenever I buy or sell any real estate. I have owned over 50 properties in Idaho, Ohio, South Carolina, Rhode Island, Massachusetts and Nevada. Whether you're ready to invest in the Las Vegas valley, or if you want to buy or sell a home here, as your Realtor, I will help you make great decisions and add to your bottom line. Call me today to talk about your next real estate move. 702 SELL NOW (702-735-5669). To see what my past clients have said about my, be sure to visit http://www.JeffHoward.reviews

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