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Henderson 215

Henderson 215

Henderson 215 offers state of the art construction, strong tenancy, and is located within a key industrial market in the Henderson submarket in southwest Las Vegas.

With excellent freeway visibility, adjacency to the I-215 and I-515 interchange, and proximity to the McCarran International Airport, the Property has the important regional connectivity we seek in an industrial asset. Henderson 215 was constructed in 2017 and features class-A building specifications, 30’clearance height, ample parking, and freeway frontage. Currently the center is leased to three tenants with a weighted average lease term remaining of approximately 7 years. As a result the property provides durable cash flow.

With the tailwinds from e‑commerce growth, we anticipate solid performance from the industrial sector. Henderson 215 is a well-positioned asset in this sector, checking the boxes for location, tenancy, and asset quality.

— Richard Kimble
We have identified Las Vegas as a compelling investment city as it is poised for strong population and retail sales growth, both important drivers for industrial real estate demand.

Health care services drive employment growth as the Las Vegas medical system expands, and Las Vegas remains an attractive destination for retirees and aging population

Las Vegas has a low cost of business and lenient tax policies, such as no franchise taxes and personal income taxes, making the city corporate friendly

Many industries have moved to Las Vegas in recent decades, including online shoe retailer (now an Amazon subsidiary), which moved from San Francisco to downtown Las Vegas

World renowned for its casinos, shopping, fine dining, entertainment, and nightlife, the Las Vegas as a whole serves as a leading financial, commercial, and cultural center
Sego Lily, GCREIT holding
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These properties represent select holdings at the time of publication and are not meant to represent the entire portfolio. The opinions expressed are reflective of the manager's views at the time of acquisition.