LAS VEGAS-MVP REIT, Inc. has executed the final of six commercial office building acquisitions located within a Las Vegas office park. The 22,000-square-foot office building was purchased for $6.1 million and closed on Nov. 20. The six buildings were purchased in total for $55.1 million.

Built in 2008, the two-story building is located at 8945 W. Post Road, directly off Interstate 215, in close proximity to McCarran International Airport and the Las Vegas Strip. The property is 89% leased to a mix of professional tenants, all subject to triple net leases under which the tenant is responsible for the majority of the costs associated with maintaining the building.

“We are pleased to complete this final acquisition and add six high-quality office buildings to our portfolio,” said Mike Shustek, chairman and chief executive officer of MVP REIT. “The addition of these properties adds greater diversification to our growing portfolio with well-located, multi-story commercial office buildings that enjoy a mix of tenants primarily under triple net leases.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.