One of North Las Vegas’ biggest boxes just traded hands, and it comes with a familiar tenant. Los Angeles-based investors Premier Logistics Properties and PCCP are now the new landlords of the Amazon fulfillment center at 4550 Nexus Way, taking control of an Amazon-occupied facility of more than 813,000 square feet. The deal shifts a major institutional, Amazon-leased asset along the I-15 corridor at a time when large logistics properties in the area remain hotly sought after, putting yet another marquee warehouse under active investment management in a market already buzzing with heavy leasing and new development.
Transaction details
Property records show Los Angeles investment firm PCCP as the official purchaser, with the sale price logged at about $124 million, according to Newmark. The trade ranks as one of the quarter’s largest industrial transactions in Southern Nevada and underscores ongoing institutional appetite for big-box logistics assets.
About the building
The North Las Vegas fulfillment center is a build-to…..