MVP REIT Buys Sixth Vegas Office Building

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.