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1030 East Craig Road

Ogron Properties Sells 100,000 SF Industrial Building In North Las Vegas For $16.85M
SOLDIndustrial

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

Andrey Mindirgasov

Colliers

Broker

$168.2M

vol

10 deals

Broker

North Las Vegas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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