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Ogron Properties Sells 100,000 SF Industrial Building In North Las Vegas For $16.85M
SOLD
$16,850,000
Nevada
See Similar DealsIndustrial100,000 SF
Sold 11/10/2023
SOLD
Ogron Properties Sells 100,000 SF Industrial Building In North Las Vegas For $16.85M
1030 East Craig Road
See Similar DealsIndustrial100,000 SF
Sold 11/10/2023
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:100,000 SF
Transaction Type:Sale
Ogron Properties sold a 100,000-square-foot industrial hybrid building located at 1030 East Craig Road in North Las Vegas for $16.85 million. The property includes 70% industrial space and 30% office space.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,850,000
- Square Footage: 100,000
- Price per Square Foot: $169
- Address: 1030 East Craig Road, North Las Vegas
The deal was facilitated by a Colliers team, with Adam Malan and Andrey Mindirgasov representing the sellers, Ogron Properties.
Ogron Properties plans to construct a new 77,000-square-foot industrial building adjacent to the sold property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$898,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,864.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,877.60
Annual Debt Service$958,531.16
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