VRD INDUSTRIAL FOR SALE ±7,160 ON ±1.01 ACRES 4245 PRODUCTION COURT NORTH, NEVADA 891 3960 Howard Hughes Parkway, Suite 0 Las Vegas, NV 89169 T +1 702 735 5700 www.colliers.com/lasvegas
W CHEYENNE AVENUE HUALAPAI WAY SEVERENCE LANE DEER SPRINGS WAY W ANN ROAD W LONE ROAD SOUTHERN HILLS FORT APACHE ROAD W ARBY AVE CHARLESTON CAMPUS GOMER ROAD S EDGE PKWY W CACTUS AVE N DURANGO DRIVE WESTCLIFF DRIVE ST. ROSE SAN MARTIN WINDMILL LN W WIGWAM AVE S RAINBOW BLVD ALTA DRIVE HACIENDA AVE SPRING VEGAS DRIVE N JONES BLVD W CACTUS AVE SHINNECOCK HILLS AVE SPRING RD N DECATUR BLVD S DECATUR BLVD W SILVERADO BLVD UNIVERSITY MEDICAL CENTER SIMMONS STREET WARM SPRINGS ROAD WINDMILL LANE MARTIN LUTHER KING JR BLVD W CENTENNIAL PARKWAY E PEBBLE ROAD WASHBURN RD MARYLAND PARKWAY N 5TH STREET E ST LOUIS AVE DESERT SPRINGS VOLUNTEER BLVD LOSSE ROAD CHEYENNE CAMPUS E CHEYENNE AVENUE E EVANS AVE N EASTERN AVE DOMINICAN SIENA CAMPUS S PECOS ROAD E CAREY AVE E LAKE MEAD BLVD S SANDHILL ROAD E SUNSET ROAD UPRR E CHARLESTON BLVD VEGAS DRIVE N HOLLYWOOD BLVD E SUNSET ROAD DOMINICAN W PACIFIC AVE E PARADISE HILLS DR RICHARDSON DRIVE HENDERSON CAMPUS MISSION DR RACETRACK ROAD EQUESTRIAN DR Light Industrial Building with Secure Yard VRD INDUSTRIAL PROPERTY OVERVIEW The property is ideally located just about 1/2 mile from the I- Feeway with it s major cross street being Craig Road. The Building currently sits on 1.01 acres with secured gated yard. It is currently zoned M1, and is undergoing a zone change to M2. The parcel number is 140-06-311-004 and the building was built in 19. PROPERTY DETAILS TOTAL : ±7,160 TOTAL ACRES: ±1.01 Acres ZONING: M-1 SALE PRICE: $1.4 M LEASE EXP.: 05/31/25 7 RED ROCK NATIONAL CONSERVATION AREA KYLE CANYON RD CLI F SHADOWS DRIVE SUMMERLIN DESERT FOOTHILLS DR RED ROCK BEAR S BEST PAIUTE GOLF RESORT PROVIDENCE TOWN CENTER DRIVE W WARM SPRINGS ROAD 160 W ALEXANDER ROAD DURANGO HILLS SUN CITY HIGHLAND PALM FALLS EAGLE CREST SUNRISE COLONY KYLE CANYON GATEWAY SIENA TPC AT CANYONS BADLANDS PECCOLE THE LAKES RHODES S FORT APACHE RD SPRING TPC AT SUMMERLIN ANGEL PARK CANYON GATE W DESERT INN ROAD FLAMINGO ROAD TROPICANA AVENUE S DURANGO DRIVE DESERT SHORES W CHARLESTON BLVD CCSN 5 W SAHARA AVE S EDGE ELKHORN SPRINGS SUMMERLIN PARKWAY BUFFALO DRIVE BLUE DIAMOND ROAD SILVERSTONE S BUFFALO DRIVE N TENAYA WAY PAINTED DESERT BUFFALO DRIVE BUFFALO DRIVE SPRING SPANISH TRAIL NEVADA TRAILS GRAND TETON DRIVE ELKHORN ROAD 5 W SUNSET ROAD S RAINBOW BLVD N RAINBOW BLVD S JONES BLVD N JONES BLVD SMOKE ROAD W LAKE MEAD BLVD W WASHINGTON DRIVE LOS PRADOS O DEL NORTE O ALTA MIRA NORTH 599 574 NORTH AIRPORT 9 589 502 5 W RUSSELL ROAD CORONADO IRON UNION PACIFIC RR N DECATUR BLVD ANN ROAD CRAIG ROAD N O DR MUNICIPAL VIEW ROAD VIEW ROAD SOUTHERN HIGHLANDS DEAN MARTIN DR SOUTHERN HIGHLANDS PARKWAY ALIANTE BALI HAI 604 TOWN SQUARE 604 EL DORADO TROPICANA AVENUE SOUTH BLVD INDUSTRIAL ROAD PARK HIGHLANDS THE STRIP PARADISE RD CAMINO AL NORTE BERMUDA RD 573 MC CARRAN INT L AIRPORT E SAHARA AVE St Rose Parkway MARYLAND PARKWAY HENDERSON EXECUTIVE AIRPORT LOSEE RD. 146 N BRUCE ST CC WYNN BOULEVARD MALL UNLV SILVERADO 5 607 FLAMINGO ROAD SEVEN HILLS DR 607 S EASTERN AVENUE ST. ROSE SHADOW CREEK CCSN SOUTHFORK DESERT PINES FREMONT ST E RUSSELL ROAD SUNSET PARK SEVEN HILLS ANTHEM PARKWAY BELMONT ST N PECOS ROAD PECOS ROAD E DESERT INN ROAD UNION PACIFIC RR N BLVD GREEN SUNRIDGE RIO SECCO GREEN PARKWAY S LAMB BLVD CRAIG ROAD ANTHEM REVERE DEL WEBB S ANTHEM LAMB BLVD WILDHORSE LEGACY 612 VALLE VERDE DR NELLIS BLVD DEL WEBB SUN CITY WEST CANYON E OWENS AVENUE E WASHINGTON AVE DESERT ROSE 582 N ARROYO GRANDE BLVD E BONANZA ROAD WHITNEY NELLIS AFB SUNRISE VISTA STEWART AVENUE ROYAL LINKS STALLION BOULDER HWY N STEPHANIE STREET AMERICAN PACIFIC DR W HORIZON RIDGE PKWY DRAGON RIDGE E LAKE MEAD BLVD S HOLLYWOOD BLVD BROADBENT BLVD 5 GIBSON Rd. N LOS FELIIZ ST EASTGATE RD MACDONALD MACDONALD HIGHLANDS MOTOR SPEEDWAY 604 EAST 582 ST. ROSE NELLIS AFB E VAN WAGENEN ST 5 PABCO ROAD S WATER ST BLACK TUSCANY GREENWAY RD 564 CENTER ST CCSN COLLEGE DR BURKHOLDER BLVD E LAKE MEAD PARKWAY APEX INDUSTRIAL PARK S MAGIC WAY REFLECTION BAY LAKE PKWY THE FALLS HENDERSON APPALOOSA RD FOOTHILLS DR LAKE RAILROAD PASS N INSPIRADA
VRD INDUSTRIAL Floor Plan FIRST FLOOR SECOND FLOOR
VRD INDUSTRIAL Property Images
0.545 MILES ZONED M2 ZONED M2 VRD INDUSTRIAL Aerial ZONED M2 PRODUCTION COURT SUBJECT CRAIG ROAD
NORTH SUBMARKET INVENTORY () DIRECT RATE SUBLEASE TOTAL TOTAL RATE LAST QTR NET ABSORPTION NET ABSORPTION YTD NEW COMPLETIONS NEW COMPLETIONS YTD UNDER CONSTRUCTION PLANNED ASKING RATE (NNN) VRD INDUSTRIAL WH 20,689,770 469,024 2.3% 142,048 611,072 3.0% 2.8% 645,185 1,146,148 464,203 464,203 535,260 2,211,255 $0.36 LD 5,058,239 648,798 12.8% 27,6 676,413 13.4% 13.6% 30,440 58,529 - - - - $0.38 LI 8,683,046 6,464 7.1% 2,560 618,024 7.1% 8.3% 100,489 164,344 - - - - $0.42 INC 611,0 94,403.4% 0 94,403.4% 18.2% 16,868,348 - - - - $0.55 FLX 797,565 161,301 20.2% 0 161,301 20.2% 21.1% 7,184 28,919 - - - - $0.61 TOTAL 35,839,7 1,988,990 5.5% 172,223 2,161,213 6.0% 6.4% 800,166 1,413,288 464,203 464,203 535,260 2,211,255 $0.41 AREA OVERVIEW Over the past 2 years North Las Vegas has recently been infused with several Industrial projects. There are 535,000 under construction and another 2.2 Million planned for 2016. The development will bring large companies to North Las Vegas, and will continue to fuel the North Las Vegas Market at a rapid growth rate. MARKET OVERVIEW Southern Nevada s industrial market had 1.3 million of product available for sale on an investment basis, with an average asking price of $1.49 P, and an average cap rate of 6.9 percent. This compression of cap rates was expected by some industrial developers, and further compression will likely occur. Foreign investment groups are now focused on industrial real estate, as they believe stocks are too risky....colliers Research Dept. Q2 20 Report. Market Overview