Colliers Brokers Facilitate $16.9M Sale Of Desert Canyon Industrial Park
249 Elliott Road
$16,900,000
$180/SF
Building Size
93,550 SF
Asset Type
Industrial
Closing
Jun 20, 2024
AI
The Desert Canyon Industrial Park in Henderson, NV, spanning 93,550 square feet across 4.7 acres, was recently sold for $16,900,000. The property, located at 249-257 Elliott Road, was built in 2001 and was sold by Nicola Wealth Commercial Real Estate with brokers Tyler Jones & Brian Riffel of Colliers facilitating the transaction.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $16,900,000
- Address: 249-257 Elliott Road
- Market: Henderson, NV
- Square Footage: 93,550
- Price Per Square Foot: $181
- Seller: Nicola Wealth Commercial Real Estate
- Brokers: Tyler Jones & Brian Riffel - Colliers
Brian Riffel and Tyler Jones of Colliers represented the seller, Nicola Wealth Commercial Real Estate, in the $16.9 million sale of the Desert Canyon Industrial Park. The five-building complex, with a construction date of 2001, offered a significant transaction in the industrial real estate market of Henderson.
Players
Henderson 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