Highland Industrial Park

We acquired the 310,000 sq/ft (19 acres) Highland Industrial Park in Las Vegas, Nevada in June 2016. Since the acquisition, the property has undergone significant improvements including new stucco façade, 60 ml roof overlay on all buildings, LED lighting throughout the complex, 190 units of self storage , 60 ft pylon sign on the freeway, security gates, cameras, and new asphalt overlay. All of these improvements were accomplished within a 2-year cycle.

This property was acquired at an occupancy rate of 76% and average lease rate of 42 cents/SF. In less than 18 months, through vigorous leasing activity, the occupancy rate reached 96% at 55 cents/SF average lease rate. The property won VIP awards twice in a row.