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MDH Pays $94M for Las Vegas Warehouses
MDH Partners has acquired a portfolio of two industrial properties in Las Vegas. Link Logistics sold the assets for $94 million. Sunrise Industrial Park One and Two total more than 509,000 square feet. The larger of the two buildings, 3101 Marion Drive, totals more than 271,600 square feet and dates from 1997. The other building, the 237,600-square-foot 4601 E. Cheyenne Ave., was built the same year. Commercial Edge reports that combined, the buildings are currently 78 percent leased to 10 tenants.
Floorplans between 20,000 square feet to 89,000 square feet are currently available, with Jerry Doty of Colliers International representing the new owner.
MDH Partners’ James Hwang oversaw the company’s acquisition, with Newmark’s Bret Hardy and Andrew Briner representing Link Logistics.
In 2024, MDH acquired more than 9 million square feet of industrial space in various markets, including a near-year-end deal that saw it buy a portfolio of 12 buildings ranging from 140,300 to 1 million square feet.
- ◦Sale/Acquisition
