Newmark Facilitates Sale of Distribution Facility in Henderson, Nevada

July 11, 2024 9:00 AM

Newmark announces it has arranged the sale of 1110 Mary Crest Road, a single-tenant distribution facility located in the Henderson submarket of Las Vegas. The property sold for $12,350,000.

Newmark Executive Managing Directors Bret Hardy and Andrew Briner represented the seller, Kennedy Wilson, in the transaction. The buyer was TA Realty.

The 52,488-square-foot building, situated on a 3.28-acre lot, was built in 1997. The facility is fully leased to American Furniture Rental, which recently extended its lease.

“The property’s strategic location in Henderson and its modern amenities make it a highly attractive asset for TA Realty,” said Hardy. “This sale underscores the robust demand for quality industrial spaces in the Las Vegas market, and we are proud to have played a role in connecting the seller, Kennedy Wilson, with a strong buyer.”

Key features of the property include 28-foot clear height, a 110-foot truck court, seven dock-high doors, two grade-level doors, ESFR sprinklers and 1,200 amps of power. The facility also includes approximately 5,000 square feet of office space, enhancing its appeal for logistics and distribution operations.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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