MCA Realty sells 19,216-SF industrial park in Las Vegas, NV for $5.95 million after initial purchase of $3.45 million

 

Kelsey Higgins

Las Vegas, NV, March 1, 2023 – MCA Realty, a full-service real estate investment and management company based in Orange County, California, announces the sale of Windy Road Warehouses, a 19,216-square-foot four-building industrial park located at 6460 – 6478 Windy Road in Las Vegas, Nevada for $5.95 million ($309 per square foot) to a private investor.

 

Windy Road Warehouses, a 19,216-SF, four-building industrial park  at 6460 – 6478 Windy Road
 in Las Vegas, NV

MCA Realty acquired the business park for $3.45 million in December 2021.  This transaction marks the third disposition in the firm’s $50 million Industrial Growth Fund.

 

Tyler Mattox

“In administrating our business plan, we were able to re-tenant the project, increase the rents and thus improve the value of the property,” says Tyler Mattox, Principal at MCA Realty. 

Garrett Toft

 “We implemented a capital improvement program by upgrading the paint scheme, making significant asphalt repairs and rebuilding the perimeter wall.  Interior improvements to select units were also made.”

 Mattox went on to say “As MCA Realty grows, the firm continues to deploy the remaining capital within its $50 million Industrial Growth Fund and plans to raise a second fund in the near future.”

 Built in 1988, The Windy Road Warehouses is ideally located in the highly desired Airport submarket with immediate access to I-215 and I-15 freeways, providing convenient access to neighboring communities. 

 

Kevin Higgins

The property is also near a strong labor force of approximately 950,000 employees within a 20-mile radius.

Garrett Toft, Kevin Higgins, Sean Zaher, Jake Higgins and Kelsey Higgins of CBRE represented MCA Realty in this transaction. Ed Whittemore of Larem, Inc. represented the buyer.

 MCA Realty is a full-service real estate investment and management company specializing in commercial properties throughout the Western U.S. 

Jake Higgins

MCA Realty is a full-service real estate investment and management company specializing in commercial properties throughout the Western U.S. The goal of the company is to identify real estate investment opportunities and execute value creation strategies that maximize returns to its investors.

 

The goal of the company is to identify real estate investment opportunities and execute value creation strategies that maximize returns to its investors.

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners. 

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

www.mca-realty.com.