Las Vegas, NV. October 26, 2022 – Colliers today announced the sale of SunPoint West, a newly constructed, best-in-class industrial park situated in the blossoming North Las Vegas sub-market, located at 2025, 2125, 2205, 2225, 2255, and 2305 West Cheyenne Avenue, North Las Vegas, NV 89032. The six-building, ±730,771 square-foot master-planned development was developed, institutionally managed, and recently sold by SunCap Property Group, LLC, and Diamond Realty Investments.
Colliers’ Southern California-based Industrial Capital Markets Group, comprised of Michael Kendall, Gian Bruno, and Kenny Patricia, partnered with Colliers’ local Las Vegas market experts Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty in marketing the industrial park for sale.
“SunCap Property Group has a long history of success with developing and operating comparable industrial assets throughout the U.S., and their deep ties to the Las Vegas real estate community made for a strategic investment,” says Michael Kendall, Vice Chair, Industrial Capital Markets, Colliers Western Region. “SunPoint West is one of the most exceptional projects to hit the Las Vegas market, and we were fortunate to be involved from start to finish.”
SunPoint West’s six-building development, situated on 39.25 acres, is 100 percent leased, boasting a diversified rent roll representing six tenants across various employment sectors. Strategically positioned in a favorable business climate with a surging population and staggering income increase, the property is an enticing investment.
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Leanne Daly
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Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.5 billion and $81 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.