Las Vegas Raiders Practice Facility/HQ Handed Off to Capital Square
Capital Square has acquired the Las Vegas Raiders’ training facility and corporate headquarters in Henderson, NV. Capital Square hopes to capitalize on the ever-increasing value of pro sports teams. “Since their move to Las Vegas, the Raiders have earned an enterprise value of $6.5 billion and have contributed to the significant post-COVID economic rebound the city has enjoyed,” said Capital Squares’s Whitson Huffman. The absolute net lease is in the third year of a 29 year term.
The facility, formally called Zero Coupon LV Training Facility, was acquired on behalf of CS1031 Zero Coupon LV Training Facility, DST, which seeks to raise $57.6 million in equity. The fund is designed for investors who need leverage to complete their Section 1031 exchanges
The 2020-constructed 336,000-square-foot built-to-suit facility features a three-story, 139,000-square-foot office, indoor practice facility, 50,000-square-foot performance center, three outdoor football fields and a swimming pool.
- ◦Sale/Acquisition