Dalfen Industrial Sells Las Vegas Buildings for $23.6M

Dalfen Industrial LLC, a Dallas-based property firm, has sold two significant industrial buildings located on West Sunset Road in Las Vegas for $23.6 million. The buildings, which form the Sunset 215 West complex and were constructed in 2017, are predominantly occupied by the Ultimate Fighting Championship (UFC). The transaction, facilitated by Colliers West Industrial Capital Markets, signals a broader trend of California-based investors, like the purchasing entity GF Properties, directing capital towards out-of-state opportunities through mechanisms like the 1031 exchange. The southwest submarket of Las Vegas, known for its robust leasing dynamics and strategic location near major transportation networks, continues to attract strong investor interest with a significantly low vacancy rate of 2.3%.