Marion Industrial Park

Investment Overview

2255 Marion Drive offers frontage on Marion Drive and is currently leased as flex space from 2,500 SF each to 10,000 SF contiguous space. The flex project has a strong upside for additional rent increases for upcoming lease renewals, and it is currently leased at ninety percent (90%) occupancy with grade level loading doors. 2275 Marion Drive is a highly versatile ±50,000 SF industrial building strategically positioned in the rapidly growing North Las Vegas valley submarket. Currently, 25,000 SF is leased on a month-to-month (MTM) basis to a premium cast stone fountain and statue manufacturer, which services high-end residential estates and the local resort corridor. The balance of the property is leased to a synergistic mix of smaller tenants (refer to the rent roll for detailed financials).

Investment Highlights

• Value-Add Demising Potential: The project for building 2 is structurally prepped to be divided into highly desirable 2,500 SF flex industrial units.
• Infrastructure Ready: Capitalizing on future conversions is made easier with 19 grade-level roll-up doors for the 2nd building, existing rough carpentry, and electrical work already installed.
• Strong Submarket Fundamentals: Small businesses in the North Las Vegas industrial sector are heavily underserved by current inventory. This supply-demand imbalance is fueling a massive uptick in rental rates, offering a prime opportunity to capture premium market rents.