MCA Realty acquires industrial asset in Las Vegas
MCA Realty has acquired Equus Business Center, a 357,608-square-foot multitenant industrial property in Las Vegas, in an off-market transaction for $42 million. MCA Realty plans to rebrand the property as Central Seven Commerce Center.
The seller was a private investor. The property is located at 3400 Desert Inn, 3110–3230 Polaris Ave. and 3401 Sirius Ave. in Las Vegas.
Located just over a mile from the Las Vegas Strip, a multitenant industrial property of this scale and caliber is a rare find, according to Tyler Mattox, principal at MCA Realty.
“Multitenant industrial assets are typically very expensive to build, so there is little new development in the sector, especially as construction costs continue to increase,” said Mattox. “Because the cost to