Updated Aug 13, 2026
GID Investment Advisors Acquires Industrial Asset From Blackstone For $27.3 Million In North Las Vegas
1220 Trade Drive
$27,300,000
Units
155,387
Asset Type
Industrial
Closing
Feb 25, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1220 Trade Drive in North Las Vegas, NV, spanning a total area of 155,387 square feet. The transaction was completed for a price of $27,300,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,300,000.00
- Buyer: GID Investment Advisors
- Seller: Blackstone
- Transaction Date: 02/25/2025
- Market: North Las Vegas, NV
- Units: 155,387
GID Investment Advisors acted as the buyer in this transaction, acquiring the property from the seller, Blackstone. The sale brings together two significant entities in the real estate investment sector.
Players
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93