VanTrust Sells Vegas Asset for $97M

December 29, 2025

Investment Industrial Las Vegas News More West

The warehouse is part of an 18,000-acre park.

VanTrust Real Estate has sold a 586,320-square-foot warehouse in Las Vegas for $96.8 million, according to Yardi Matrix data. The property was actually acquired by the tenant, Saddle Creek Logistics, throught an acquisition loan issued by PNC Bank.

UMB Bank had provided a $60.6 million construction loan in 2023. The warehouse features a clear height of 40 feet, as well as 93 dock doors and four grade-level openings.

Located on nearly 32 acres at 8650 Logistics Drive, Saddle Creek’s newly acquired asset is about 16 miles northwest of downtown Las Vegas. Interstate 15 runs less than 1 mile away, while the Harry Reid International Airport operates within approximately 23 miles.

Saddle Creek Logistics is a 3PL company operating across 46 warehouses encompassing 31 million square feet of industrial space throughout the nation, according to its website.

The building is part of VanTrust’s Vantage North, a 4.5 million-square-foot, multi-stage industrial project. Phase One debuted last year, including two other facilities measuring 445,954 and 763,872 square feet.

Vantage North is part of the larger, 18,000-acre Apex Industrial Park, which totals about 28.5 million square feet of industrial space in various stages of development, including 5.5 million square feet of industrial completions. Another notable company with Apex dealings is Prologis, which acquired 879 acres in 2023 with then-plans including the construction of 11 million square feet of warehouse space.

More Vegas space sells, but for less

Investors sold more than 3.4 million square feet of industrial space across metro Las Vegas throughout the first 11 months of 2025, according to Yardi Matrix data. That marked a 7.2 percent increase year-over-year.

While more product traded this year, the total industrial investment volume was 2 percent lower than in 2024, settling at $608.7 million year-to-date through November. The average price per square foot fell a steeper 9.3 percent year-over-year to $190.4 during 2025’s first 11 months.

One notable deal to close this year was Blackstone’s sale of the Las Vegas Logistics Center. NorthPoint Development paid $175 million for the 1 million-square-foot collection.