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California Investor Acquires Cartier Industrial Center In Las Vegas For $17.34M

Property Image
SOLD
$17,340,000
Joe Leavitt
Chris Lexis
James Griffis

Nevada

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Industrial74,700 SF
Sold 12/16/2024
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Property Image
SOLD

California Investor Acquires Cartier Industrial Center In Las Vegas For $17.34M

2635 North Lamb Boulevard

See Similar Deals
Industrial74,700 SF
Sold 12/16/2024
Joe Leavitt
Chris Lexis
James Griffis
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$232
Total Square Footage:74,700 SF
Transaction Type:Sale

The transaction involves the off-market acquisition of the Cartier Industrial Center located at 2635 North Lamb Boulevard, Las Vegas, NV. The property is categorized as industrial, encompassing a total area of 74,700 square feet and transacted at a price of $17,340,000, which equates to a price per square foot of $232.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $17,340,000
  • Sale Date: 12/16/2024
  • Address: 2635 North Lamb Boulevard
  • Market: Las Vegas, NV
  • Square Footage: 74,700
  • Price per Square Foot: $232
  • Brokers: Chris Lexis, James Griffis & Joe Leavitt - Avison Young
  • Buyer: California-based private investor

The brokerage firm Avison Young facilitated this transaction, representing the California-based private investor, who acquired the property through an off-market deal. This highlights the involvement of key personnel in completing the acquisition successfully.

Players

Joe Leavitt
Avison Young
Joe Leavitt
7 deals$79.7M volume(702) 303-7893
BROKER
Chris Lexis
Avison Young
Chris Lexis
7 deals$79.7M volume(702) 376-8500
BROKER
James Griffis
Avison Young
James Griffis
6 deals$66.1M volume
BROKER

Details

SOLD
IMAGE: 12/16/2024 ADDRESS: 2635 North Lamb Boulevard MARKET: Las Vegas, NV ASSET TYPE: Industrial BROKERS: Chris Lexis, James Griffis & Joe Leavitt - Avison Young SALE PRICE: $17,340,000 SF: 74,700 ~ PPSF: $232 NOTE: Avison Young facilitated the $17.34 million off-market acquisition of the 74,700-square-foot Cartier Industrial Center in North Las Vegas, NV, on behalf of a California-based private investor.

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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)-$61,605.36
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