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California Investor Acquires Cartier Industrial Center In North Las Vegas For $17.3M
SOLD
$17,300,000
Nevada
See Similar DealsIndustrial74,700 SF
Sold 01/07/2025
SOLD
California Investor Acquires Cartier Industrial Center In North Las Vegas For $17.3M
2635 North Lamb Boulevard
See Similar DealsIndustrial74,700 SF
Sold 01/07/2025
Summary
NEVADA
Asset Type:Industrial
Price Per Square Foot:$231
Total Square Footage:74,700 SF
Transaction Type:Sale
The industrial property at 2635 North Lamb Boulevard in Las Vegas, NV, was sold for $17,300,000. This 74,700-square-foot asset, known as Cartier Industrial Center, was built in 2024 and is fully occupied. The building features eight dock doors and is currently leased to a beauty supply company.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,300,000
- Square Footage: 74,700
- Price Per Square Foot: $232
- Sale Date: 01/07/2025
- Market: Las Vegas, NV
The transaction was facilitated by brokers Chris Lexis, James Griffis, and Joe Leavitt from Avison Young. They successfully represented the interests of a California-based investor in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$922,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91
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