The acquisition includes 175,818 square feet of new, state-of-the-art industrial equipment for small and medium-sized enterprises on 17 acres, including 4 acres of undeveloped land available for future development.
Ampac I & II Industrial Park in Las Vegas, Nevada
Las Vegas, NV, Aug 31, 2021 (GLOBE NEWSWIRE) – Nicola Wealth Real Estate (NWRE) has acquired the Ampac I & II Industrial Park. This acquisition, brokered by Rebecca Perlmutter Finkel and her team at CBRE, expands NWRE’s growing industrial portfolio in Las Vegas and the Southwest United States.
The acquisition included seven modern, small to mid-span industrial buildings with a total area of 175,818 square feet on 17 acres, including four acres of surplus land currently used as storage space but required for future value-added development. The portfolio is located in the well-established Henderson submarket, just 20 minutes south of Las Vegas and close to I-215 and I-515.
“We are delighted to further expand our industrial presence in the Las Vegas marketplace,” says Matthew Schaeffers, director of purchasing at Nicola Wealth Real Estate. “This acquisition provides an opportunity to add a well-diversified asset in a low vacancy environment that complements our existing industrial portfolio. With the potential to grow further, Ampac exemplifies two of our industrial strategies: acquiring highly functional, well-located assets and creating major new income-generating assets. ”
Nicola Wealth Real Estate has rapidly built up a significant industrial portfolio in the Las Vegas market including Arville Park, Valley View Business Park, Valley View Mall, Arville Gateway Center, Hacienda Industrial Park, Compass Logistics Center (currently under construction with partner Hopewell Development), and now the industrial park Ampac I and II.
NWRE continues to focus its growth in major US markets such as Las Vegas, Phoenix, Seattle, Denver, Minneapolis and San Francisco, with a focus on income-generating real estate acquisitions and value-added opportunities.
To learn more about Nicola Wealth Real Estate funds, visit realestate.nicolawealth.com
About Nicola Wealth Real Estate
Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a leading Canadian financial planning and investment management firm (AUM) with a value of US $ 10.7 billion (CAD). NWRE has an experienced and pioneering team dedicated to sourcing and managing a growing portfolio of real estate properties in major markets across North America, spanning a wide range of asset classes, including industrial, multi-family rental, office, warehouse, retail, and senior housing. … With the acquisition of Blackwood Partners, NWRE’s current asset portfolio exceeds $ 6 billion.
CONTACT: Victoria Emslie Nicola Wealth 604-484-1286 firstname.lastname@example.org