Publications

Roxborough Group, Bendetti close on $38.6m recapitalization of multitenant industrial park in Las Vegas
Transactions - JULY 9, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Roxborough Group, Bendetti close on $38.6m recapitalization of multitenant industrial park in Las Vegas

by RELEASED

Affiliates of The Roxborough Group (Roxborough) and Bendetti announce the recapitalization of Valley View Business Park in Las Vegas for $38.6 million, including the assumption of an existing $20 million loan at an interest rate significantly below current rates. Bendetti previously owned the asset in partnership with RGA ReCap Incorporated and will now operate the business park in a new partnership with Roxborough.

The industrial park, built in phases from 1979 to 1981, spans more than 10 acres just minutes from the Las Vegas Strip. It consists of five buildings totaling 195,603 square feet. It hosts 100-plus tenants engaged in warehousing, light manufacturing and retail. Suites range from 539 to 5,167 square feet, each featuring grade-level doors.

Due to the high construction costs associated with this type of property, competition from new supply is limited, positioning the asset favorably to capitalize on growing demand from businesses seeking proximity to downtown

Forgot your username or password?