7350 PRAIRIE FALCON RD Las Vegas NV 89128-0800

100% LEASED INDUSTRIAL BUILDING | SIGNIFICANT UPSIDE AND FLEXIBLE INVESTMENT STRATEGIES

► 7350 Prairie Falcon Rd. is located within the Las Vegas Technology Center, which is a 1.5-million-square-foot mixed-use commercial development anchored by Mountain View Hospital, and completed in 2003. The modern building has tenant improvements totaling well above $1M recently.

► New Ownership Enjoys Three Long-Term Leases with Quality Tenants:

1. The largest tenant at 7350 Prairie Falcon Road, PureStar - Western Linen Services, is North America’s foremost provider of laundry services and linen management to the hospitality industry. The tenant has spent more than $1M in improvements at the property, and has expanded within the building 3 times.

2. Las Vegas Basketball Center offers this location as a summer practice facility for the Golden State Warriors, as well as a practice facility for the NCAA Pac-12 tournament. It is the only, multi-court HVAC-served facility in Las Vegas.

3. Gravady Extreme Air Sports (Doing business as DEFY) is part of CircusTrix, the largest developer, owner and operator of indoor trampoline parks in the world. The tenant has investment more than $600,000 in improvements at this facility.

► High “Stickiness” Factors: The building’s location provides a business setting that would be prohibitive to relocate elsewhere: favorable access to embedded hospitality clients and a vibrant and growing population. Specialized building improvements further increase tenant commitment to the building.

COMPELLING INDUSTRIAL MARKET FUNDAMENTALS

► Las Vegas ranks among the top 15 Investment Markets in the Americas in 2020 among investors, according to CBRE’s Investor Intentions Survey. Las Vegas offers strong growth prospects and, in most cases, higher yields than in gateway markets.

► Net absorption totaled 3.1 million square feet for the first quarter, a record high for a single quarter. The overall vacancy rate decreased further during Q1 2022 to 1.1%, down 40 basis points from Q4 2021.

• See Offering Memorandum