Amazon warehouse sold for $124M
A North Las Vegas Amazon fulfillment property changed hands for $124 million, underlining strong buyer demand for large, leased e‑commerce assets and providing a pricing comp for institutional logistics deals. The trade is a fresh benchmark for cap rates and investor appetite in large-format warehouse assets. (reviewjournal.com)
Buyer on the file is PCCP, a Los Angeles–based real estate finance and investment manager that reported $29.2 billion in assets under management as of Sept. 30, 2025. ( ) The site is 4550 Nexus Way in North Las Vegas, sits on a 38‑acre parcel and contains an approximately 813,000‑square‑foot fulfillment building that VanTrust completed in July 2017 as a build‑to‑suit for Amazon. ( ) Public records reported the transaction closed in February 2026, according to the Las Vegas Review‑Journal’s property‑records reporting. (reviewjournal.com) VanTrust previously sold the asset in late 2017 for $73.4 million as part of a two‑building disposition, establishing a historical cost basis for the complex. (reviewjournal.com) Amazon spokesman Matthew Gardea confirmed the company operates 19 facilities across Southern Nevada and characterized real‑estate transactions involving its sites as matters for the property owners. (reviewjournal.com) PCCP’s acquisition aligns with recent industrial buys by the firm, including a 1.215‑million‑square‑foot distribution center at 3419 Ritner Highway in Newville, Pennsylvania that closed Feb. 11, 2026 for $141.6 million with an $82 million acquisition loan sourced through QuadReal. (jll.com) The property operates as Amazon’s LAS6 fulfillment node on Nexus Way, positioned near I‑15 and the Las Vegas Motor Speedway area to support LTL/TL linehauls and cross‑state flows into California, Arizona and Utah. (flexfulfillment.eu)
