Updated Jan 7, 2025
California Investor Acquires Cartier Industrial Center In North Las Vegas For $17.3M
2635 North Lamb Boulevard
$17,300,000
$231/SF
Building Size
74,700 SF
Asset Type
Industrial
Closing
Jan 7, 2025
About this deal
AI
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.
Players
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93