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Updated about 4 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Branden Bestgen
  • Investor
  • Rapid City, SD
5
Votes |
11
Posts

Nevada-Purchase or lease an industrial building? Vegas or Reno?

Branden Bestgen
  • Investor
  • Rapid City, SD
Posted

Looking for input and advice, for anyone familiar with Nevada commercial/industrial deals. We were informed today of the immediate availability of a NMTC (new markets tax credit) for Nevada, to expand our commercial modular manufacturing company into that region. 

We have until the middle of next week to land on a location, with 80-200k sf. The deal would close in May. I'm open to buying or leasing.

I'm very familiar with real estate in South Dakota, but I hadn't even thought of Nevada, until today. We have been looking to expand into the  Phoenix area, but I can't turn down the NMTC opportunity.

Any input, from a NV investor is welcome; including if there are opinions on whether it would be better to be in the Las Vegas or Reno area.

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