Interchange Industrial Center
5345- 5445 East Centennial Parkway, North Las Vegas, NV
Property Highlights
- Located at the intersection of the I-15 Freeway and I-215 Interchange in North Las Vegas
- Project has direct freeway visibility on I-15 Freeway and is located directly at the Tropical off-ramp
- Neighboring Institutional Owners: Prologis (NYSE:PLD), Panattoni, GLP (NYSE:GLP), Hines, Harsch Investments, Van Trust, Clarion, Colony Industrial, Barings, Thomas & Mack
- Neighboring High-Quality Tenants: Amazon (NASDAQ:AMZN), Bed Bath & Beyond (NASDAQ:BBBY), Sephora, Fanatics, Honest Company, TJ Maxx (NYSE:TJX), GE (NYSE:GE), Paccar (NASDAQ:PCAR), CBS Radio (NYSE:CBS), Copart (NASDAQ:CPRT)
Property Information
- Off-market land acquisition of a fully entitled 34.56 gross acre freeway frontage property with extraordinary freeway access
- Interchange Industrial Center will consist of two (2) class-A industrial buildings totaling 683,436 SF
- Building 1: 173k SF building that can accommodate a single tenant or be demised for up to four tenants
- Building 2: 509k SF cross-dock building that is designed for a Fortune 1000 caliber tenant
- The project is minutes from the Las Vegas Strip, and the local population is 2,000,000+
- Located at the intersection of Interstate 15 and the 215 Freeway in North Las Vegas
- The project is designed with the highest institutional standards, including cross-dock configurations, ample trailer parking, ESFR sprinkler, 32’-26’ clear heights, and 185’ truck courts
Business Plan
- CapRock structured a long-term escrow and successfully entitled the two building project
- Construction slated to commence in October 2019 and be finished with construction late summer 2020
- CapRock is exploring a variety of lease and sale options for this project
The Results
- Project will be under construction in Q3 2019, expected to conclude in May 2020
