Ogron Properties Sells 100,000 SF Industrial Building In North Las Vegas For $16.85M
1030 East Craig Road
$16,850,000
$168/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Nov 10, 2023
AI
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.
Players
North Las Vegas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93