Nikkiso-Las-Vegas-NV-LRG
CLIENT Nikkiso America, Inc.
LOCATION Las Vegas, NV
SERVICES Brokerage & Advisory Services
Market Research
Site Location
Financial Analysis
Purchase & Sale Negotiations
PROPERTY SIZE 12,000 SF +/- 4,700 SF Office/
Warehouse Building

ACCOUNT OVERVIEW

Nikkiso, a Japanese corporation, relies on McKinney Advisory Group for their United States corporate real estate requirements. McKinney Advisory Group has assisted Nikkiso with advisory services since 2009, saving unnecessary overhead expenses and securing proper asset management for their San Diego corporate location.

Most recently, Nikkiso engaged McKinney Advisory Group to perform a market and property analysis within close proximity to their existing Las Vegas location. McKinney Advisory Group advisors, Julie Dunlap and Kelly Nicholls, went to work and successfully completed the acquisition of a new building, enabling Nikkiso to grow its business into two Las Vegas locations.

 

CHALLENGE PRESENTED

Nikkiso required a building for lease or purchase within a one-mile radius of its current location. McKinney always takes a client’s budget seriously and it was critical that McKinney negotiate a price at or below market value to assist Nikkiso in keeping its overhead as low as possible. In addition to its budgetary constraints, the Client had a particularly short timeframe to be up and running due to company growth and customer demand.

 

SOLUTIONS

McKinney performed extensive research of the local industrial market within a close proximity of Nikkiso’s existing location including personally touring all available buildings and conducting lease versus purchase analysis of multiple options. Within six months, McKinney secured a property that met Nikkiso’s financial and business needs. Further, taking advantage of all-time low interest rates, Nikkiso was able to purchase the building at 75% of replacement cost. McKinney helped Nikkiso through the loan process and continues to manage the property on Nikkiso’s behalf.