A massive industrial warehouse in North Las Vegas has changed hands in a deal managed by JLL Capital Markets. The facility is located at 3950 Alto Avenue and covers 339,257 square feet of Class A space. JLL acted on behalf of the seller to finalise the deal with an institutional buyer.

The building was completed in 2017 and is currently entirely occupied by DHL Supply Chain (USA). As a global leader in contract logistics, DHL uses the site to manage significant regional operations. The warehouse is built to modern standards with 32-foot clear heights and an ESFR sprinkler system. It also includes 62 dock-high doors and two grade-level doors. A 190-foot truck court depth allows for smooth movement of heavy goods vehicles.

The 18.26-acre site provides ample space for 70 trailers and 311 cars. It is also equipped with 3,000 amps of electrical power. Its location is particularly valuable for logistics firms. It sits within five minutes of Interstate 15 and links directly to U.S. Route 95 and the Las Vegas Beltway. These connections allow companies to reach 40 million people within a single day by road. The facility is also close to Harry Reid International Airport and Union Pacific intermodal sites.

Senior Director Greer Oliver headed the JLL Capital Markets team for this sale. “This transaction showcases the enduring value proposition of Class A logistics facilities anchored by investment-grade credit in prime infill locations,” said Oliver. “The strategic Las Vegas location, with immediate Interstate access and connectivity to over 40 million consumers, positions this asset as a critical node in Western U.S. supply chain operations.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.