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2750 Simmons Street

Updated Dec 4, 2024

Lincoln Property Co. Secures 561,742 SF Preleasing Agreements In North Las Vegas
LEASEDIndustrial

Lincoln Property Co. Secures 561,742 SF Preleasing Agreements In North Las Vegas

2750 Simmons Street

Building Size

561,742 SF

Asset Type

Industrial

Closing

Apr 19, 2024

About this deal

AI

The industrial property located at 2750 Simmons Street & 2300 West Carey Avenue in North Las Vegas spans a total of 561,742 square feet. The asset, part of the under-construction Windsor Commerce Park, features eight buildings ranging from 49,920 to 397,440 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 2750 Simmons Street & 2300 West Carey Avenue
  • Market: North Las Vegas

Clay Duvall of Lincoln Property Co. served as the landlord for the leasing agreement. The deal was facilitated by CBRE’s team consisting of Garrett Toft, Jake Higgins, Kelsey Higgins, and Kevin Higgins. Lincoln Property Co. secured two preleasing agreements, achieving over 35 percent occupancy of the industrial campus under development at Windsor Commerce Park.

Players

Garrett Toft

CBRE

Broker

1 deal

Broker

North Las Vegas Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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