Rreef Property Trust Acquires North Las Vegas Industrial Property For $143M
2025 West Cheyenne Avenue, North Las Vegas, Nevada 89129, United States
$143,000,000
$195/SF
Building Size
730,711 SF
Asset Type
Industrial
Closing
Oct 30, 2022
AI
The industrial property located at 2025, 2125, 2205, 2225, 2255 & 2305 West Cheyenne Avenue in North Las Vegas has been sold for a total of $143,000,000. The property spans a total of 39.2 acres and offers 730,711 square feet of space. The sale price per square foot was $196.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $143,000,000
- Address: 2025, 2125, 2205, 2225, 2255 & 2305 West Cheyenne Avenue
- Market: North Las Vegas
- Acres: 39.2
- Square Feet: 730,711
- Price per Square Foot: $196
The transaction involved Rreef Property Trust as the buyer and SunCap Property Group & Diamond Realty Investments as the sellers. The deal was facilitated by a team of brokers from Colliers, including Michael Kendall, Gian Bruno, Kenny Patricia, Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93