Northmarq’s Debt + Equity team arranges $53M cash-out refinancing of Central 7 Commerce Center in Las Vegas

LAS VEGAS, Nev. — Northmarq’s Newport Beach Debt + Equity team led by Scott Botsford and Joe Giordani successfully arranged the $53 million cash-out refinance of Central 7 Commerce Center, a 361,185-sq.-ft. flex industrial facility located at the intersection of W. Desert Inn Rd. and S. Procyon St. in Las Vegas, Nevada.

Northmarq arranged the permanent-fixed financing on behalf of the borrower, MCA Realty Inc., through a Life Company lender relationship. The transaction was structured on a five-year term, full-term interest only, at a competitive market rate.

“Demand for incubator industrial real estate remains strong, due to limited supply and consistent tenant demand,” Botsford said. “Our team has been a longtime advocate for the small-bay/incubator sector and, for more than a decade, we have consistently brought lower-cost institutional capital into the space for the benefit of our clients.  This is a perfect example of that. Congratulations to our client on an excellent outcome.”

Built in 1980, Central 7 Commerce Center (formerly Equus Business Center) features seven multi-tenant flex industrial buildings and is a mixed-use facility that can accommodate industrial, warehouse, distribution, flex and office. It is conveniently located just east of Valley View Blvd., sits in close proximity to Interstate 15 and the Las Vegas Strip and is located in a submarket within the Las Vegas region known for its robust industrial demand driven by logistics, manufacturing and distribution activities.

The building features functional industrial specifications, including grade-level drive-in loading doors, and offers the opportunity for enhancing select units.