Robert D. Bendetti And Vince Criscuolo Complete $71M Recapitalization Of Southern Way Industrial Portfolio
750 West Greg Street & 1485 Southern Way
$71,000,000
$55/SF
Building Size
1,270,000 SF
Asset Type
Industrial
Closing
Apr 21, 2026
AI
The Southern Way Industrial Portfolio is an industrial asset located in Sparks, Nevada. The portfolio encompasses a total square footage of 635,000 and spans across 21 acres. It is currently 54% leased and has recently undergone renovations, reflecting market demand for light industrial space in the region.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $71,000,000
- Loan Type: Recapitalization
- Landlord: Robert D. Bendetti - The Bendetti Company
- Landlord: Vince Criscuolo - Singerman Real Estate
- Market: Sparks, NV
This transaction involved Robert D. Bendetti and Vince Criscuolo, who successfully completed a $71 million off-market recapitalization of the Southern Way Industrial Portfolio. The recapitalization positions the portfolio to capitalize on improving demand in the light industrial sector.
Players
Sparks Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93