CBRE is pleased to present the outstanding opportunity to purchase the FJM Vegas/Airport East Industrial Portfolio, consisting of eleven (11) industrial buildings totaling 350,010 square feet in Las Vegas, NV.
Owned and operated by FJM Investments, Decatur, Pace, Hacienda and Airport East (the “FJM-Vegas/Airport East Portfolio”) is 96% leased to forty-nine (49) Tenants from over twenty (20) different industries, providing both a stable cash flow and a staggered rollover. The Portfolio consists of eleven (11) buildings ranging in size from 15,276 SF to 74,225 SF with sixty-six (66) built-out units suites ranging from 2,131 SF to 19,677 SF, with grade-level and dock-hi truck loading.
The Properties are located in the Southwest & Airport industrial submarkets of Las Vegas. With limited construction and consistent, robust demand for flex/small bay space in Las Vegas, this Portfolio offers an excellent rent growth opportunity. The FJM portfolio has seen strong historical occupancy and provides significant near-term mark to market opportunity with a WALT of 1.92 years at ±18% below-market rents. For more information or to schedule a tour please contact Mike Willmore at 702-369-4823 or Dean Willmore at 702-369-4808.