IDV Speedway, a 349,875-square-foot Class A industrial property located in Las Vegas, has been sold by Investment & Development Ventures to AEW Capital Management for $54.3 million. JLL represented the seller in this transaction.
The property was completed in the first quarter of this year and is situated at 5150 N. Sloan Lane. According to Commercial Edge data, Investment & Development Ventures purchased the 19-acre development site for $12.4 million back in 2022.
Currently unoccupied, IDV Speedway features a one-story building with approximately 4,200 square feet of office space and an additional adjacent lot spanning over 1.5 acres that can be used for extra parking spaces.
Located within the North Las Vegas submarket, this industrial asset is surrounded by major tenants such as FedEx,
Amazon,
Prologis,
DHL
and Lowe’s.
JLL’s Las Vegas Markets Team led negotiations on behalf of Investment & Development Ventures and included Mark Detmer,
Rob Lujan
and Jason Simon.
This sale was reported by Connect CRE .
