$25.5 Million Industrial Center Sold by NAI Vegas
Las Vegas, NV (07/27/2023) – Erik Sexton and Camila Rosales of NAI Vegas are pleased to announce the sale of Mojave Industrial Center, a 174,847-square-foot industrial park located just south of downtown Las Vegas. The asset sold for $25.5 million.
Erik Sexton and Camila Rosales facilitated the off-market acquisition on behalf of the buyer, Intersection Equities LLC, out of San Diego, CA. The seller was represented by MDL Group.
Built in 1975, the four-building park sits on 9.1 acres and was 100% leased at the time of sale. Intersection was attracted to the asset due to its central location and strong fundamentals, including a submarket vacancy rate below 2.0%.
“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,” remarked Anton Myskiw of Intersection.
Erik Sexton
Erik Sexton joined NAI Vegas in 2017 as a Senior Vice President and Industrial Specialist. He has more than 14 years experience in the leasing and sales of industrial and office spaces. During his real estate career, Mr. Sexton has represented a diverse segment of location and national companies that include Genesis Gaming, SME Steel, Ice Now, High Impact Signs, Next Century Rebar, JAMO Performance Exhaust, Chicago Exhibit Productions, Coca Cola, and 99 Cent Stores Only.. As a licensed agent, he has brokered more than 1.8 million square feet of commercial space totaling more than $335.7 million.
Prior to joining NAI Vegas, Mr. Sexton was with Sperry Van Ness from 2012 to 2017 as an Executive Vice President specializing in industrial properties, and Brownstone Commercial Real Estate from 2004-2012. Prior to commencing his real estate career, Mr. Sexton interned for the development team of Sunrise Senior Living retirement homes in Munich and Frankfurt, Germany. Sunrise Senior Living subsequently grew to be one of the largest retirement home system in the world. In his spare time, Mr. Sexton Enjoys Rock climbing, motorcycles, and snowboarding, and of course, hanging out with his faithful dog, Ruger.
Camila Rosales
Camila began her real estate career in property management before moving over to Commercial Sales and Leasing prior to joining NAI Vegas. Camila is a go-getter who specializes in assisting her clients analyze current investment properties and to increase portfolio opportunities. She graduated from the University of Nevada, Las Vegas with a Bachelor’s of Science in Business Administration making her the perfect addition to NAI Vegas and the investment team.
Camila is a travel bug, enjoys dancing salsa, and likes to ski all winter long. In her spare time, she enjoys trying new local restaurants and spending time with her friends and family. She is Colombian born and Las Vegas raised. Growing up watching sports with her family, it’s only natural for her to love our Vegas Golden Knights and Las Vegas Raiders.
About NAI Excel and NAI Vegas
NAI Excel is a leading provider of commercial Real Estate Services in the US. Operating in Utah, Nevada, Texas, and Idaho, they are part of the NAI Global network covering nearly every major market nationally and across the globe. NAI Excel is a subsidiary of Brokers Holdings, LLC. Headquartered in St George, UT since 1982, Brokers Holdings owns and operates both residential and commercial brokerages. With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.