CapRock Partners Sells Nellis Air Force Base Adjacent Warehouse to EastGroup Properties for Over $21 Million
CapRock Partners has sold the fully leased 101,332-square-foot industrial warehouse, CapRock Point @ Cheyenne, adjacent to Nellis Air Force Base, to EastGroup Properties for over $21 million. Completed in 2022, the property is strategically located at the intersection of Cheyenne Avenue and Walnut Road in northeast Las Vegas Valley. EastGroup, known for its acquisitions in Southern Nevada, manages a portfolio of around 65 million square feet across high-growth U.S. markets.
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CapRock Partners has sold a fully leased 101,332-square-foot industrial warehouse, CapRock Point @ Cheyenne, located near Nellis Air Force Base, to EastGroup Properties for over $21 million. The sale was recorded this month, with CapRock having completed construction on the property in 2022.
The warehouse is situated at the intersection of Cheyenne Avenue and Walnut Road in northeast Las Vegas Valley. EastGroup, based in Ridgeland, Mississippi, has a history of acquiring warehouse properties in Southern Nevada, including a 2019 purchase of an industrial park near Allegiant Stadium for approximately $25.5 million. EastGroup manages a portfolio of around 65 million square feet across high-growth markets in the U.S.
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