Argus dumps Nevada business park

Argus Realty Investors has sold Silverado Business Park, a 164,656-square-foot warehouse-distribution complex in North Las Vegas, Nev.

The value of the transaction was $12.6 million.

The three-building facility, which was 100 percent leased at the time of sale, is located on 8.9 acres, a quarter mile south of Highway 15 at Pecos Rd.

A Los Angeles investment group was the buyer.

Argus had purchased the property for $10.6 million in February 2002.

San Juan Capistrano, Calif.-based Argus Realty Investors LP specializes in acquiring industrial and office properties.

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