Marion Industrial Park

Highlights:

• Value-Add Demising Potential: The project for building 2 is structurally prepped to be divided into highly desirable 2,500 SF flex industrial units.
• Infrastructure Ready: Capitalizing on future conversions is made easier with 19 grade-level roll-up doors for the 2nd building, existing rough carpentry, and electrical work already installed.
• Strong Submarket Fundamentals: Small businesses in the North Las Vegas industrial sector are heavily underserved by current inventory. This supply-demand imbalance is fueling a massive uptick in rental rates, offering a prime opportunity to capture premium market rents.

Description:

2255 Marion Drive offers frontage on Marion Drive and is currently leased as flex space from 2,500 SF each to 10,000 SF contiguous space. The flex project has a strong upside for additional rent increases for upcoming lease renewals, and it is currently leased at ninety percent (90%) occupancy with grade level loading doors.

2275 Marion Drive is a highly versatile ±50,000 SF industrial building strategically positioned in the rapidly growing North Las Vegas valley submarket. Currently, 25,000 SF is leased on a month-to-month (MTM) basis to a premium cast stone fountain and statue manufacturer, which services high-end residential estates and the
local resort corridor. The balance of the property is leased to a synergistic mix of smaller tenants (refer to the rent roll for detailed financials).

North Las Vegas, Flex Industrial sub-market,
Location offers easy freeway access via interstate 15 Freeway: (US95|I-515)- Lake Mead Boulevard and Cheyenne Ave surrounded
by North Las Vegas industrial sub-market. Project is located just south of Carey Ave, North of East Lake Mead Blvd with Lamb Blvd to
the West and Nellis Boulevard to the East with close proximity to Nellis Airforce Base.

ESFR

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