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LBA Logistics Acquires 181600 SF Industrial Property In Sparks NV For $27850000
SOLD
$27,850,000
Nevada
See Similar DealsIndustrial181,600 SF
Sold 06/04/2025
SOLD
LBA Logistics Acquires 181600 SF Industrial Property In Sparks NV For $27850000
1095 Spice Islands Drive
See Similar DealsIndustrial181,600 SF
Sold 06/04/2025
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$153
Total Square Footage:181,600 SF
Transaction Type:Sale
A 4.25-acre industrial property was sold at 1095 Spice Islands Drive in Sparks, NV. The transaction amounted to $27,850,000, equating to $153 per square foot for the total space of 181,600 SF.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,850,000
- Address: 1095 Spice Islands Drive
- Market: Sparks, NV
- Square Footage: 181,600
- Price per Square Foot: $153
- Buyer: LBA Logistics
- Broker: NAI Alliance
LBA Logistics was the buyer in this transaction, while NAI Alliance acted as the broker facilitating the sale. The seller of the property remains undisclosed.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,485,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$98,945.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,023.21
Annual Debt Service$1,584,278.50
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