Cartier Industrial LLC, ±74,833 SF total Industrial Building Divisible to ± 37,416 SF, Available for Sale or For Lease.
LAS VEGAS (February 22, 2023) – LM Construction, a leading developer of industrial space in the Las Vegas valley, recently broke ground on its latest industrial design build project. Grading commenced Jan 31, 2023, on this Castello-Monkarsh Development.
Cartier Industrial is situated on ± 4.28 acres and consists of one freestanding building ± 74,833 SF total divisible into ± 37,416 SF. This concrete tilt building includes (8) eight 9’ x 10’ dock loading doors and (2) two 16’ x 14’ grade level doors, 30’ clear height, R-24 insulated tilt wall panel system, R-38 roof deck insulation, 81 parking stalls, ESFR fire suppression system, M-D zoning, rear loading truck access, and is divisible into 2 occupants.
Situated on the northwest corner of N. Lamb Boulevard and E. Cartier Avenue in North Las Vegas, Nevada, this industrial development is in the sought after North Las Vegas submarket. The area offers deliverable amenities and provides for easy access to the major highways such as I-15 and 515 freeways.
“Cartier is providing a much-needed product for the industrial sector in North Las Vegas. This project is perfect for an Owner-user, whereby the owner can lease out half the building and reduce their carrying costs. This is just one of the projects we are developing in the area” said Tim Castello, CCIM and partner in this Castello-Monkarsh Development. “The industrial sector valley wide is at historic lows with vacancy rates at less than 1.7%. This project is a rare opportunity as we are offering it for either purchase or lease at an affordable rate. Cartier is situated in a desirable neighborhood welcoming to industrial users.”
Available for sale or lease, Paul Sweetland, SIOR and Jerry Doty, SIOR with Doherty Industrial Group at Colliers Las Vegas have been brought on to handle all sale and leasing opportunities for Cartier Industrial Center. For purchase and lease information please call (702) 836-3750.
About LM Construction Company
LM Construction Company, LLC a Las Vegas-based construction firm is the design-build general contractor for the Cartier Industrial Center. LM Construction Co. expects the building completion date to be late 4th Quarter 2023. Larry Monkarsh, the Owner of LMCC and partner in the Castello-Monkarsh Development entity, is also acting as a partner as the Owner/Developer of the project – developing under Castello-Monkarsh Development. Founded in 1996 by Larry Monkarsh, is a premier full-service Design Build Commercial Contractor in Las Vegas, NV that also provides services in Utah, Idaho, and Arizona. LM offers a complete array of design and contracting services under one roof, suitable for all commercial, industrial, manufacturing and retail building needs. Having completed more than eight (8) million square feet of commercial building and real estate development in Las Vegas, LM Construction is leading the way for future Las Vegas industrial development. LM Construction employs a dedicated staff and coordinates your job with our entire production team, from the owners and tenants to the architects and engineers. For more information, visit https://www.lmconstructionco.com/.
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn
PRESS CONTACT
Glenda Monkarsh, Lippman Media
702-595-4896
