Sold.

NAI Vegas, Larkin Industrial Group are proud to announce the sale of 5860-5880 Wynn Rd. and 4060 W. Oquendo Rd. Las Vegas, Nevada which traded for $1,882,000.  Eric Larkin and Phillip Keuch were exclusively retained to represent the seller of the 3 building industrial portfolio, totaling 13,800 SF.  This portfolio offered grade level doors and secure storage yards which both added value to the properties.  The buildings are also located within an opportunity zone with excellent visibility and frontage on both Wynn and Oquendo.

Erik Sexton of the Larkin Industrial Group was retained by the buyer and played a major part in the acquisition of this portfolio.

The Larkin Industrial Group prides themselves on the best marketing package, strong market presence, better e-mail campaigns, client communication, and inventive marketing approaches.  These characteristics are just a few of the factors that contribute to the success rate for both owners and tenants that choose to work with the Larkin Industrial Group.

About NAI Vegas

NAI Vegas is the local representative of NAI Global, the premier international real estate services organization, with over 400 offices in over 55 countries. Founded in 1988, NAI Vegas has proven itself to be the leading real estate brokerage in Las Vegas. Principals of NAI Vegas have been involved in investment and commercial real estate in Las Vegas since 1972 and have brokered, developed over $5 billion in transactions consisting of multifamily units, retail centers, office buildings and land. Our strength is international and our passion and focus is local.

NAI Vegas, a leading provider of commercial Real Estate Services in Las Vegas recently participated in the First Annual DC Building Group’s 3 on 3 Charity Basketball Tournament.  With a 32 team, double-elimination bracket, both of the NAI Vegas rosters found themselves competing in the semifinals.  NAI Vegas was easily recognizable with their tall line-up and bright red attire. Participants included Eric Larkin, Erik Sexton, Aaron Edgley, Tyler Jaynes, Jon Walter, Matt Walter,  and Connor Watson.  From first tip, until the final point was scored, NAI Vegas was supported by fellow agents, family, support staff, and friends who undoubtedly contributed to their success.

Maria Herman, also of NAI Vegas, entered the tournament with colleagues from Commercial Real Estate Women (CREW).  Maria serves as the Director of Special Events and is a crucial member that works towards advancing the success of women in commercial real estate.

All proceeds benefited the Nevada Childhood Cancer Foundation.  With a long list of sponsors, entry fees, raffle tickets, purchasing of points during each game, and first possession of the ball there were contributions coming in constantly.

Erik Sexton commented, “ It was great to compete for such a worthy cause with colleagues from all walks of the industry.”  Sun Commercial Real Estate, Wells Fargo, JLL, NOVA Geotechnical, SVN|The Equity Group, Cushman and Wakefield, Marcus and Millichap, Bergelectric, First Savings Bank, US Bank, and JC Steel are just a sampling of the businesses who not only entered a team but contributed throughout the day to the NCCF.

A special thank you goes out to DC Building Group for hosting this event.  They certainly hosted a great day of basketball, food, and networking toward a great cause.

About NAI Vegas

NAI Vegas is the local representative of NAI Global, the premier international real estate services organization, with over 400 offices in over 55 countries. Founded in 1988, NAI Vegas has proven itself to be the leading real estate brokerage in Las Vegas. Principals of NAI Vegas have been involved in investment and commercial real estate in Las Vegas since 1972 and have brokered, developed over $5 billion in transactions consisting of multifamily units, retail centers, office buildings and land. Our strength is international and our passion and focus is local.

SIOR.

NAI Vegas & NAI Excel are thrilled to announce that Eric J. Larkin has been awarded the SIOR Designation by the Society of the Industrial and Office Realtors, a leading global professional office and industrial real estate association.

To achieve the SIOR designation, Larkin was required to complete at least five years of creditable experience in the highly specialized field of industrial and office real estate; meet stringent education requirements and demonstrate a professional ability, competency, ethical conduct and personal integrity.

“It’s an honor to be part of SIOR and recognized as one of Southern Nevada’s top brokers.” Stated Larkin, “I’ve been lucky to have passionate professionals around me through this process. This designation is the result of hard work, support from my team, and support from the NAI Global Network.  Las Vegas has an exciting future, and we’re all looking forward to it.”

Individuals who hold a SIOR designation are top producers in the commercial real estate field and are represented in more than 686 cities in 36 countries around the world. SIOR enforces a strict code of ethics and requires designees to complete its ethics course within their first three years of membership.

Larkin, licensed in both Nevada and Utah, has been with NAI Vegas and NAI Excel for 6 years and specializes in representing corporate clients, tenants, institutional property owners, and developers. Larkin has extensive knowledge and understanding of investment analysis, property valuations and lease negotiations resulting in the completion of over 100 million dollars in transactions. Larkin also holds the CCIM designation.

“Eric is a true professional.  His commitment to his clients and the industry are evident to those he works with.  Earning the SIOR designation is proof of his passion for personal growth and professionalism.” Stated Jon Walter, COO of NAI Vegas and NAI Excel, “We congratulate him and look forward to seeing what he will accomplish next.”

About NAI Vegas

NAI Vegas is the local representative of NAI Global, the premier international real estate services organization, with over 400 offices in over 55 countries. Founded in 1988, NAI Vegas has proven itself to be the leading real estate brokerage in Las Vegas. Principals of NAI Vegas have been involved in investment and commercial real estate in Las Vegas since 1972 and have brokered, developed over $5 billion in transactions consisting of multifamily units, retail centers, office buildings and land. Our strength is international and our passion and focus is local.

Leased.

The Larkin Industrial Group at NAI Vegas was exclusively retained by Weisser Distributing, a family-owned ecommerce company. Weisser Distributing saw an opportunity to deliver high-quality products and services to their customers across the entire USA. The core values, upon which the company was founded, needed to lead their expansion.

The Larkin Industrial Group was able to accommodate Wiesser by utilizing common values such as “Put People First” in order to leverage the NAI Global Network on Weisser’s behalf. Proximity to amenities, employee commutes, hotel accommodations and entertainment were a priority during the search for a larger regional distribution center.

“NAI took the time to understand our company, our needs, and vision.” Stated Jason Reisdorfer, Director of Operations at Weisser Distributing, “They execute a strategy which kept our founding values top of mind.”

The Larkin Industrial Group was able to locate a new regional distribution center, conducive to propelling the founding values of the company forward. Recruitment, retention and Weisser’s “People First” approach was executed throughout the process. Their new center is just over 47,000 Square Feet.

Leased.

The Larkin Industrial Group at NAI Vegas has been busy with negotiations on behalf of Glenn Rieder, Inc, a custom architectural millwork manufacturer and commercial interior contractor serving all major markets across the United States. Glenn Rieder, in search of a new warehouse to keep up with their growing company and client demands, exclusively contracted the Larkin Group to search on their behalf for a new and larger warehouse facility to meet their growing needs.

The solution: a warehouse temporarily co-occupied by Eye-Fi, who needed short-term, minimal warehouse space. This high image office/warehouse is located on Palms Airport Drive with airport and strip access along with immediate access points to I-15 and I-215. A huge selling point for Glenn Rieder.

“The rising prices and low inventory pose a real challenge in the industrial market today.” Stated Phillip Keuch of NAI Vegas, making this building owned by Harsch Investment Properties a rare gem.

The Larkin Industrial Group at NAI Vegas, consisting of Eric Larkin, Phillip Keuch and Michael Kenny, searched diligently to find a space suitable for Glenn Rieder, Inc. that would exceed their expectations and diligently negotiated favorable lease terms on their behalf.

Acquisition.

The Larkin Industrial Group of NAI Vegas represented the buyer, MBS Standoffs in the acquisition of the Henderson Freeway Crossings, Building C in Henderson Nevada. This Single Tenant Shell Building has 19,280 square feet and was purchased for $2,506,400.

The Larkin Group was able to ensure that the buyer’s 1031 exchange requirements were met for an all cash transaction. MBS Standoffs will operate their West Coast distribution center from this new Henderson Location.

“The NAI Vegas Industrial Group found an amazing opportunity for MBS-Standoffs.com in Southern Nevada. Through a tax deferred 1031 exchange, the company was able to purchase a Henderson facility at an extremely low-cost basis. We are excited about a great real estate decision for our new west coast distribution Hub.” Stated Jean-Phillippe Merminod, Owner of MBS-Standoffs.com.

“Inventory and rising prices are a challenge in the industrial market today.  End users, such as MBS-Standoffs.com, are having a difficult time identifying office/warehouse properties to purchase.  We’re working with several companies that could easily double in size, but they cannot locate a property to purchase.” – Phillip Keuch of the Larkin Industrial Group at NAI Vegas.

Challenge.

P&R Paper Supply Co., a regional supplier of paper products needed to double their footprints in the Las Vegas market. Their lease was soon to expire and the market didn’t have a single availability for their expansion.

Action.

The Larkin Group at NAI Vegas reviewed the current lease and negotiated a short term renewal. The industrial specialists immediately started identifying speculative distribution buildings under construction with delivery dates that would coincide with P&R’s new lease and date.

Results.

An opportunity was identified which satisfied P&R’s timing, size and location. The newly constructed 53,793 square foot building in North Las Vegas even gave P&R the opportunity to customize their office/showroom. Free rent and flexible start dates were negotiated to alleviate some concerns with double rent and relocation costs.

P&R’s growth is due to their perfection of a “big” company experience with “small” company service and comfort. The Larkin Group enjoys working with P&R and strives to offer a similar feel with a “global” network owned and operated “locally.”

SOLD.

NAI Vegas Industrial Specialists Eric Larkin and Erik Sexton assisted Move 4 Less, a residential and commercial moving company in Las Vegas, Nevada, with the sale of their storage building in the Saddleback Park West for $990,000.00.

The building, located at 6358 Montessouri St Bldg 2 in Las Vegas, is a 6,090 square foot tenant building. The Larkin Industrial Group generated multiple offers enabling them to find an end-user for top dollar. The Larkin Group also negotiated the seller relocation timing and coordinate the sale with two other seller dispositions.

“Erik & Eric each sold Move 4 Less a real asset… We were ecstatic to learn the two brokers had partnered up prior to our divestiture considerations. We hired them for top dollar and excellent customer service.” Stated Moti Perez, Managing Member of Move 4 Less, “Move 4 less enjoys a highly beneficial partnership with their team at NAI Vegas.”

Expansion.

The Larkin Industrial Group at NAI Vegas facilitated the expansion of Exhibit Services footprint in Las Vegas. Mike Kennedy and Eric Larkin negotiated  an attractive lease rate in a very competitive North Las Vegas submarket.

The 23,675 square foot industrial building on the Speedway Boulevard in Las Vegas allows Exhibit Services growth and operational efficiency. The Tenant’s cost, timing and risk were carefully considered throughout the negotiation process and the Larkin Group was able to find Significant monthly savings.

“Mike & Eric’s level of preparation and attention to detail alleviated our concerns and stress of relocating. They have a dynamic team and a comprehensive approach. They allowed us to stay focused on our daily operations while securing a property that will enable growth and efficiency.” Stated Samir Thaker, Owner of Exhibit Services.

“The industrial market is really segmented right now.  It is all about size and submarket.  If a company needs to lease 50,000 to 100,000 SF in North Las Vegas, they have a lot of options.  If they need smaller distribution space, or over 200,000 SF, it is a completely different story.” Stated Mike Kelly about the Las Vegas market.