written by
Natalie Baylon

Intersection Equities, in partnership with Sundance Bay, has acquired Valley View Industrial, a 48,304-square-foot multi-tenant flex industrial facility in Southwest Las Vegas. The property at 5325 S. Valley View Blvd. sold for $8.75 million ($181 per square foot), strengthening Intersection’s commitment to the shallow-bay industrial sector.

Strategic Investment in a High-Growth Market

This marks Intersection’s seventh industrial investment and fourth in Las Vegas, reinforcing its focus on well-located properties with strong fundamentals. Valley View Industrial spans 1.9 acres and offers nine warehouse/office units ranging from 1,000 to 28,000 square feet. The property features:

  • 14’ to 18’ clear heights
  • 11 grade-level doors
  • High-visibility hard-corner location with strong daily traffic

Growing Demand for Las Vegas Industrial Space

“The demand for shallow-bay industrial properties in Las Vegas keeps rising due to population growth, strong tenant demand, and a limited supply of new developments,” said Anton Myskiw, Associate at Intersection. “This acquisition aligns with our strategy to invest in prime locations with value-add potential.”

Rocco Cortese, CEO of Intersection, added, “Our investment in Valley View Industrial reflects our commitment to enhancing industrial properties in dynamic markets. Through strategic upgrades and hands-on asset management, we aim to drive long-term value for investors and tenants.”

Prime Location with Excellent Connectivity

Valley View Industrial sits near Highway 15 and Highway 593, offering quick access to the Las Vegas Strip and major transportation routes. Given the scarcity of similar industrial properties, the facility is expected to attract a wide range of tenants, including warehousing, manufacturing, and logistics businesses.

Planned Upgrades & Value-Add Strategy

Intersection Equities plans key property enhancements to elevate Valley View Industrial to an institutional-quality asset. Planned improvements include:

  • Façade upgrades to modernize the exterior
  • New exterior paint for a fresh, updated look
  • Parking lot seal and stripe enhancements to boost curb appeal and long-term value

Transaction Details

Erik Sexton and Camila Rosales of NAI Excel represented the buyer in the transaction. The seller, Sanders Wyoming Trust, participated in the negotiations.

 

written by
Natalie Baylon

Grocery Outlet Signs Long-Term Lease at Prominent Pacific Beach Retail Site

RSR Holdings, LLC, represented by Dan McCarthy and Alec Spencer of Intersection, has secured a significant lease agreement with Grocery Outlet, a leading publicly traded retailer in the grocery industry. The lease encompasses 12,365 square feet of prime retail space at 1211 Garnet Avenue for a term of 132 months, with a total lease consideration of $3,708,797.00.

Known for its strategic location and substantial visibility on a major arterial, 1211 Garnet Avenue offers 12,365 square feet of retail space accompanied by ample dedicated parking—a rare find in the Pacific Beach submarket. Following extensive marketing efforts, RSR Holdings identified Grocery Outlet as an ideal long-term partner based on its robust business model and brand presence with over 480 locations nationwide.

“We are gratified to have completed this agreement with Grocery Outlet, whose tenancy will undoubtedly enhance both the asset and the Pacific Beach community,” stated Alec Spencer, Senior Associate at Intersection.

With a legacy of serving Pacific Beach through notable retailers such as Thrifty Drug Store and Trader Joe’s, 1211 Garnet Avenue continues a reputation for attracting premium tenants and achieving strong lease rates under the stewardship of RSR Holdings and Intersection.

Grocery Outlet is renowned for offering name-brand groceries at discounted prices, making it a valuable addition to the retail landscape of Pacific Beach.  They were represented in this transaction by Dave Hagglund of CBRE.

This partnership marks a significant milestone for RSR Holdings, reinforcing its commitment to maintaining enduring relationships with tenants and delivering exceptional value to the community.

To learn more about this project or the deal, please reach out to Alec Spencer at [email protected]

Natalie Baylon is the Marketing Manager at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please get in touch with Natalie at [email protected] 

written by
Natalie Baylon

Intersection Equities and Equity Resource Investments Acquire Henderson Industrial Park for $16.95M

Intersection Equities is pleased to announce the acquisition of Desert Canyon Industrial Park, a 95,364 square foot, small bay industrial business park in Henderson, Nevada. The asset was purchased for $16.95 million. Colliers represented the Seller, Nicola 249 Elliott LP, and Erik Sexton and Camila Rosales of NAI Vegas represented the Buyer, a joint venture between an affiliate of Intersection Equities, LLC and a fund managed by Equity Resource Investments, LLC.

Desert Canyon Industrial Park (the “Property”) spans 95,364 square feet across five buildings, constructed between 2001 and 2007. The Property is comprised of 36 total suites ranging in size from 2,400 to 3,200 square feet, featuring 16 to 18 ft clear heights and a total of 63 grade-level doors. The Property is located within the Henderson submarket which currently maintains a 2.4% vacancy rate, with no known competing small bay industrial developments planned in Henderson. We believe the Property is appealing to tenants given its proximity to Interstate 11 & SR 585, and what we believe to be a strong pipeline of residential and mixed-use developments in the area.

“We acquired this transaction with debt and equity partners who appreciated the fundamentals of the Property,” said CEO and Co-founder at Intersection, Rocco Cortese. “It is well located, and we believe offers us an attractive going-in cap rate as well as upside potential, something that is difficult to find in this market.”

“This is our 6th industrial acquisition and our 3rd in the Las Vegas area. We know this market well and believe in the demand characteristics for small bay industrial,” added Anton Myskiw, Senior Associate at Intersection.

Intersection plans to complete a light renovation at the project and engage in a proactive management program focused on increasing tenant satisfaction, enhancing curb appeal, and marking rents to market.

To learn more about this project or the deal, please reach out to Anton Myskiw @[email protected]

Natalie Baylon is the Marketing Manager at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please get in touch with Natalie at [email protected] 

written by
EnARUW

Intersection Equities and Equity Resource Investments Acquire Las Vegas Industrial Park for $25M

Intersection Equities, LLC announces the acquisition of Mojave Industrial Park, a 175,000 square foot, industrial business park in Las Vegas, NV. The asset was purchased for $25.5 million. MDL Group represented the Seller, Mojave 15, LLC, and Erik Sexton and Camila Rosales of NAI Vegas represented the Buyer, a joint venture between Intersection Equities, LLC and a fund managed by Equity Resource Investments, LLC.

Built in 1975 and remodeled in 2006, the project includes 4 buildings on 5 separate parcels totaling 9.1 acres. The property is comprised of 9 total suites ranging in size from 4,000 SF to 28,000 square feet, and it features a total of 24 grade-level doors with ceiling heights ranging from 22 – 28 feet. The property is located within an infill industrial area of Central Las Vegas, which experienced 15.0% annual rent growth in 2022 and maintains a 1.6% vacancy rate. Additionally, the property is located just 2.2 miles from Downtown Las Vegas, 3.2 miles from The Strip, and 5.0 miles from Harry Reid International Airport, with immediate access to Interstate 515 and SR 582

“We are thrilled to acquire our fifth industrial asset through a new partnership with ERI, who shares our conviction in the fundamentals underlying the small bay industrial sector”, said Intersection Senior Director of Acquisitions, Eric DeWees. 

“Mojave Industrial Park marks Intersection’s second industrial acquisition in Las Vegas, which is a strategic market for Intersection. This off-market transaction created a unique opportunity to enter the infill Central Las Vegas submarket at a cost basis we believe to be well below replacement cost”, Anton Myskiw, Senior Associate with Intersection added. 

 

To learn more about this deal please reach out to Eric DeWees at [email protected] or Anton Myskiw at [email protected]

Natalie Baylon is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please contact Natalie at [email protected] 

written by
Natalie Baylon

Intersection Equities and Blue Vista Capital Management Acquire Riverside Industrial Park for $19.5M

Intersection Equities, LLC announces the acquisition of Riverside Business Park, a 122,000 square foot, industrial business park in Jurupa Valley, CA. The asset was purchased for $19.5 million. Barret Woods of Lee & Associates represented the Seller, Transition Properties, L.P., and Stefan Pastor of Stream Realty represented the Buyer, a new joint venture between Intersection Equities, LLC and an affiliate of Blue Vista Capital Management, LLC.

Riverside Business Park is a 122,000 square foot, multi-tenant business park comprised of 30 suites ranging in size from 1,500 to 11,000 square feet. The Property features a total of 30 drive-up doors and is positioned on 8.9 acres of land. The park is located directly along CA State Route 60 and is in close proximity to State Route 91 and Interstate 215.

The purchase of Riverside Business Park aligns with Intersection’s strategy of acquiring well-located industrial assets that offer significant value-add potential in core markets west of Denver.

“We acquired the property at a substantial discount to replacement cost and we will make strategic capital improvements focused upon enhancing the appeal of the project to current and prospective tenants”, said Intersection Senior Director of Acquisitions, Eric DeWees. “This is our fourth industrial acquisition and we’re excited to be doing it with a new partner in Blue Vista.”

Anton Myskiw from Intersection added, “This is a rare investment opportunity in a market we have been hoping to break into for some time. We are eager to begin executing our business plan and create an exceptional industrial asset on behalf of our new partnership.”

 
 

To learn more about this deal please reach out to Eric DeWees at [email protected] or Anton Myskiw at [email protected]

Natalie Baylon is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please contact Natalie at [email protected] 

written by
Natalie Baylon

Intersection Equities Completes Sale of Arville Industrial Park Near the Las Vegas Strip for $8.4M

Intersection Equities is pleased to announce the sale of 4375 and 4355 W Reno Avenue, a 31,000-square-foot, two building industrial park in Las Vegas, Nevada. The asset sold for $8,400,000 ($269 per square foot). Erik Sexton and Camila Rosales of NAI Vegas represented the seller, Intersection. The undisclosed buyer was represented by Brian Riffel of Colliers.

The property was acquired off-market by Intersection[1] in October 2021 as part of its value-add industrial investment acquisition strategy, headlined by near-term tenant rollover and below-market rents. In 14 months, Intersection completed a full exterior renovation that included exterior paint, a new parking lot and a new signage program. As a result of the implementation of exterior improvements and an aggressive leasing program led by local leasing team Erik Sexton and Camila Rosales at NAI Vegas, Intersection increased NOI by 68% during its first year of ownership. Once stabilized, the property was placed on the market and sold to a private investor looking for long term cash flow and appreciation.

4355 and 4375 W. Reno Avenue is situated in the southwest Las Vegas Submarket, less than two miles from the Las Vegas Strip, I-15, Allegiant Stadium and T-Mobile Arena.

Prior to Intersection’s acquisition of the property, the average rent at the Arville Business Center was $1.03 gross per month/sf, well below-market rents. Through the implementation of strategic property improvements, 77% of the tenant base was raised to an average rental rate to $1.32 NNN per month/sf within twelve months. The asset previously maintained an average of 100% occupancy over the past 5 years (according to CoStar) and retained several legacy tenants, ranging from general automotive services, custom apparel printing, and metal refining services.

“We immediately saw opportunity in this asset when it was brought to our attention by our broker. The market had seen significant leasing momentum with new construction in the area and the project itself had many value-add opportunities that allowed us to leverage our vertically integrated platform and execute on a plan that delivered triple-digit deal level returns,” said Anton Myskiw, Associate with Intersection. Erik Sexton, leasing broker on the project from NAI Vegas added, “It has been a pleasure working with the team at Intersection. They moved quickly on the property improvements that helped us drive a leasing effort that ultimately resulted in a win for both Seller and Buyer.”

[1] RenoAvenue, LLC, Intersection Equities, LLC

To learn more about this deal please reach out to Anton Myskiw at [email protected] or Eric DeWees at [email protected].

Natalie Baylon is the Marketing Coordinator at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please contact Natalie at [email protected] 

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