Las Vegas, NV
CBRE Facilitates $7.9 Million Sale of Industrial Property in Las Vegas
February 24, 2025
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CBRE facilitated the $7,875,000 sale of a 28,420 square-foot industrial property located at 3670 West Oquendo Road in Las Vegas to HS Property NV, LLC.
CBRE’s Tyler Ecklund represented the seller, NOR Oquendo Road LLC, in the transaction.
The highly secure building features a high-image, 6,534-square-foot two-story HVAC office space with an elevator, 12 covered parking spaces (34 total), 3,000 Amp, three-phase power and a 28-foot clear height.
“This freestanding tilt-up concrete building is a great investment for the new owners, given its abundance of power and functionality,” said Ecklund, senior vice president at CBRE. “Located in the highly sought-after Stadium Corridor, the property offers excellent access to Las Vegas Boulevard and Allegiant Stadium. The high development costs and scarcity of in-fill land make this an attractive acquisition.”
The location is situated west of the Interstate 15 (I-15) and Russell Road interchange and offers immediate access to I-15, facilitating efficient travel north to Utah and south to California.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.