Updated Apr 22, 2026
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
635,000 SF
Asset Type
Industrial
Closing
Apr 21, 2026
About this deal
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