Dalfen Industrial has acquired Diamond Southwest Industrial Park, a two-building industrial park in southwest Las Vegas, Nevada. The opportunity property was sourced off-market and is 100% occupied with rents that are below market.
The building boasts close proximity to Interstate 15, McCarran International Airport and the Las Vegas Strip. This park is in the highly sought-after Southwest submarket. This location offers access to 64% of the metro population within a 10-mile radius and 93% of the metro population within a 30-minute drive. Other companies in the area include Amazon, Red Bull, Toshiba, U.S. Postal Service and GoPro.
“Strong growth dynamics in Las Vegas have resulted in increasing industrial demand, and healthy fundamentals, making this another great addition to our Las Vegas portfolio,” said Rich Weiss, market officer for Dalfen.
With this acquisition, Dalfen Industrial owns and operates 1.2 million square feet across the Las Vegas and Reno, Nevada markets.
“Diamond Southwest is the fourth acquisition in the Las Vegas market in the past six months, which speaks to our strong belief in the market’s fundamentals,” said Sean Dalfen, company president and chief investment officer. “We intend to continue acquiring and developing last-mile properties in this market in the near future.”
