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LAS VEGAS-The two-building, 143,000-sf WesTech Business Center II has changed hands for $18.5 million. The fully leased mid-bay distribution center sits on nine acres at the southeast corner of Diablo Drive and Edmond Street in the Southwest sub-market of the Las Vegas Valley. About 30% of the space is built out as office.

Cable Capital Ventures acquired the property from local developer Jeffrey LaPour, who retains the property management assignment. LaPour tells GlobeSt.com he developed the center in 2002 at a cost of $9 million including the cost of the land, which cost $5.75 per sf at the time and is now valued at closer to $15 per sf. LaPour says he likely will reinvest the profits into a few hospitality developments he owns in the region.

"This is the first holding that I have sold since forming LaPour Partners in 2000," says LaPour. "I am a portfolio builder and generally do not sell but I received an offer too good to refuse."