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City Of Las Vegas Redevelopment Agency Acquires Industrial Property In Downtown Las Vegas For $4M

Property Image
SOLD
$4,000,000
Joe Leavitt
Chris Lexis
James Griffis

Nevada

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Industrial12,332 SF
Sold 11/11/2025
the dealplayerscompscontact
Property Image
SOLD

City Of Las Vegas Redevelopment Agency Acquires Industrial Property In Downtown Las Vegas For $4M

300 North Las Vegas Boulevard

See Similar Deals
Industrial12,332 SF
Sold 11/11/2025
Joe Leavitt
Chris Lexis
James Griffis
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:Industrial
Price Per Square Foot:$324
Total Square Footage:12,332 SF
Transaction Type:Sale

The sale involves a 12,332-square-foot industrial property located at 300 North Las Vegas Boulevard in the Las Vegas, NV market. The property was sold for $4,000,000, reflecting a price per square foot of $324. It features mixed-use zoning, providing flexibility for various uses.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Address: 300 North Las Vegas Boulevard
  • Market: Las Vegas, NV
  • Square Footage: 12,332
  • Price Per Square Foot: $324
  • Buyer: City of Las Vegas Redevelopment Agency
  • Seller: The Estate of Tony Hsieh
  • Brokers: Chris Lexis, James Griffis & Joe Leavitt - Avison Young

The transaction was brokered by Avison Young, with Chris Lexis, James Griffis, and Joe Leavitt representing The Estate of Tony Hsieh in the sale to the City of Las Vegas Redevelopment Agency.

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
Avison Young
Avison Young
BROKERAGE

Details

SOLD
IMAGE: 11/11/2025 ADDRESS: 300 North Las Vegas Boulevard MARKET: Las Vegas, NV ASSET TYPE: Industrial BUYER: City of Las Vegas Redevelopment Agency SELLER: The Estate of Tony Hsieh BROKERS: Chris Lexis, James Griffis & Joe Leavitt - Avison Young SALE PRICE: $4,000,000 SF: 12,332 ~ PPSF: $324 NOTE: Avison Young brokered the $4 million sale of a 12,332-square-foot industrial property at 300 N. Las Vegas Blvd. in Downtown Las Vegas. The Estate of Tony Hsieh sold the mixed-use zoned site to the City of Las Vegas Redevelopment Agency, with Avison Young’s Chris Lexis, James Griffis, and Joe Leavitt representing the seller.

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49