Intersection Equities and Equity Resource Investments Secure Las Vegas Industrial Park for $25.5M

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Las Vegas, NV - Intersection Equities, LLC and Equity Resource Investments, LLC have teamed up to acquire the Mojave Industrial Park in Las Vegas for a staggering $25.5 million. The 175,000 square foot industrial business park consists of four buildings situated on five separate parcels spanning 9.1 acres. The purchase was facilitated by MDL Group, representing the seller, Mojave 15, LLC., and NAI Vegas, representing the buyer.

Initially constructed in 1975, the project underwent significant remodeling in 2006. The park boasts a total of nine suites, varying in size from 4,000 to 28,000 square feet, while featuring a remarkable 24 grade-level doors and ceiling heights ranging from 22 to 28 feet. Nestled in the heart of Central Las Vegas, an infill industrial area, the property enjoys excellent prospects. In 2022, the region experienced a 15.0% annual rent growth and currently maintains a low 1.6% vacancy rate. Its strategic location places it just 2.2 miles from Downtown Las Vegas, 3.2 miles from The Strip, and 5.0 miles from Harry Reid International Airport, providing easy access to Interstate 515 and SR 582.

Eric DeWees, the Senior Director of Acquisitions at Intersection, expressed his excitement about the partnership with Equity Resource Investments, stating, "We are thrilled to acquire our fifth industrial asset through a new partnership with ERI, who shares our conviction in the fundamentals underlying the small bay industrial sector."

Anton Myskiw from Intersection also added, "Mojave Industrial Park marks Intersection’s second industrial acquisition in Las Vegas, which is a strategic market for Intersection. This off-market transaction created a unique opportunity to enter the infill Central Las Vegas submarket at a cost basis we believe to be well below replacement cost."

Intersection CRE, Inc., the parent company of Intersection Equities, manages a diverse portfolio consisting of 31 assets spread across seven states in the Western United States, amounting to a total of 1.4 million square feet. The company operates offices in San Diego, Carlsbad, and Salt Lake City. For more information, please visit [www.intersectioncre.com](https://www.intersectioncre.com).

Equity Resource Investments, LLC, a real estate private equity firm headquartered in Cambridge, MA, focuses on U.S. real estate investments. For additional details, kindly visit [https://www.erillc.com](https://www.erillc.com).

The acquisition of Mojave Industrial Park represents a significant move for Intersection Equities and Equity Resource Investments, further solidifying their presence in the Las Vegas industrial real estate market. The strategic location of the park coupled with its impressive features and positive market conditions make this acquisition a promising venture for the joint venture. With their shared conviction in the potential of the small bay industrial sector, Intersection Equities and Equity Resource Investments are poised for success in this rapidly growing market.

This acquisition comes at a time when the industrial sector in Las Vegas is experiencing remarkable growth. The region's appeal as a business and tourism destination, coupled with its robust transportation infrastructure, continuous development, and low vacancy rates, positions it as an ideal location for industrial investments. The demand for industrial space in the area is expected to remain high, making this acquisition a strategic and lucrative move for Intersection Equities and Equity Resource Investments.

With its diverse portfolio and extensive experience in the real estate industry, Intersection Equities is well-equipped to navigate the Las Vegas market. The company's focus on acquiring strategic assets with long-term growth potential aligns perfectly with the Mojave Industrial Park acquisition. By entering the infill Central Las Vegas submarket, Intersection Equities aims to capitalize on the rising demand for industrial space in the region and generate favorable returns for its investors.

Equity Resource Investments brings valuable expertise and resources to the partnership, enhancing Intersection Equities' capabilities in executing successful real estate investments. With its focus on U.S. real estate opportunities, Equity Resource Investments has established itself as a reputable player in the industry. The joint venture between Intersection Equities and Equity Resource Investments combines their respective strengths and positions them for success in the Las Vegas industrial real estate market.

In conclusion, Intersection Equities and Equity Resource Investments' acquisition of the Mojave Industrial Park in Las Vegas is a significant milestone for both companies. The strategic location, impressive features, and positive market conditions make this acquisition a lucrative opportunity. With their shared vision and expertise, Intersection Equities and Equity Resource Investments are well-positioned to thrive in the thriving Las Vegas industrial real estate market.