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Rreef Property Trust Acquires North Las Vegas Industrial Property For $143M

Property Image
SOLD
$143,000,000
Paul Sweetland
Jerry Doty
+ 4

Nevada

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Industrial730,711 SF
Sold 10/31/2022
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Property Image
SOLD

Rreef Property Trust Acquires North Las Vegas Industrial Property For $143M

2025 West Cheyenne Avenue, North Las Vegas, Nevada 89129, United States

See Similar Deals
Industrial730,711 SF
Sold 10/31/2022
Paul Sweetland
Jerry Doty
+ 4
Contact now

Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:730,711 SF
Transaction Type:Sale

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

Gian Bruno
22 deals$2.3B volume(949) 724-5511
BROKER

Michael Kendall
Colliers
21 deals$2.3B volume
BROKER

Daniel "Dan" Doherty
Colliers
4 deals$262.9M volume
BROKER

Paul Sweetland
Colliers
3 deals$239.9M volume
BROKER

Chris Lane
Colliers
3 deals$239.9M volume
BROKER

Jerry Doty
Colliers
4 deals$262.9M volume
BROKER

Kenny Patricia
Colliers
18 deals$2.3B volume
BROKER

BUYER


Details

SOLD
IMAGE: Paul Sweetland, Gian Bruno, Chris Lane, Michael Kendall, Dan Doherty, Kenny Patricia & Jerry Doty DATE: 10/31/2022 ADDRESS: 2025, 2125, 2205, 2225, 2255 & 2305 West Cheyenne Avenue MARKET: North Las Vegas ASSET TYPE: Industrial ~ ACRES: 39.2 BUYER: Rreef Property Trust SELLER: SunCap Property Group & Diamond Realty Investments BROKERS: Michael Kendall, Gian Bruno, Kenny Patricia (@KennyPatricia), Dan Doherty, Paul Sweetland (@LasVegasIndustrial), Chris Lane & Jerry Doty (@JerryDotyCRE) - Colliers (@ColliersInternational) SALE PRICE: $143,000,000 SF: 730,711 ~ PPSF: $196

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$508,048.79
Cash-on-Cash Return-1.27%
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